v3.26.1
SEMI-ANNUAL CONDENSED CONSOLIDATED CASH FLOW STATEMENT - EUR (€)
€ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Profit € 28,433 € 47,902
Income taxes 18,052 20,116
Depreciation, amortization and impairment of assets 124,934 128,422
Financial income (9,373) (21,207)
Financial expenses 28,989 25,408
Foreign exchange losses/(gains) 3,082 (10,214)
Accruals to the provision for obsolete inventory 18,290 14,974
Accruals/(Releases) for other provisions 643 (5,963)
Result from investments accounted for using the equity method (644) (659)
Other non-cash expenses, net 25,696 18,575
Change in inventories (45,374) (26,689)
Change in trade receivables 39,266 26,533
Change in trade payables including customer advances (3,877) (17,479)
Change in other operating assets and liabilities (28,303) (52,628)
Interest paid (20,564) (20,653)
Income taxes paid (21,423) (20,724)
Net cash flows from operating activities 157,827 105,714
Investing activities    
Payments for property, plant and equipment (48,887) (42,051)
Payments for intangible assets (15,104) (11,907)
Payments related to right-of-use assets 0 (1,800)
Proceeds from disposals of non-current financial assets 150 287
Payments for purchases of non-current financial assets (3,079) (540)
Proceeds from disposals of current financial assets and derivative instruments 27,022 10,572
Payments for acquisitions of current financial assets and derivative instruments (15,608) (4,250)
Business combinations, net of cash acquired (1,133) 0
Acquisition of investments accounted for using the equity method 0 (355)
Net cash flows used in investing activities (56,639) (50,044)
Financing activities    
Proceeds from borrowings 95,315 139,926
Repayments of borrowings (117,762) (166,500)
Repayments of other non-current financial liabilities 0 (110)
Payments of lease liabilities (74,633) (73,065)
Deferred payments for business combinations 0 (4,673)
Dividends paid to non-controlling interests (1,254) (1,703)
Contribution from non-controlling interests 795 583
Payments for acquisition of non-controlling interests (3) 0
Net cash flows used in financing activities (97,542) (105,542)
Effects of exchange rate changes on cash and cash equivalents 2,948 (9,362)
Net increase/(decrease) in cash and cash equivalents 6,594 (59,234)
Cash and cash equivalents at the beginning of the period 220,121 219,130
Cash and cash equivalents at the end of the period € 226,715 € 159,896