|
Cash flow from operating activities
|
|
|
|
Net income
|
39'871
|
32'201
|
|
Income tax expenses
|
7'869
|
8'860
|
|
Financial income and expenses
|
4'741
|
2’238
|
|
Share of results of associates
|
2'494
|
1'208
|
|
Depreciation
|
17'416
|
17'667
|
|
Amortization
|
3'133
|
4'170
|
|
Change in inventories
|
–36'129
|
–13'736
|
|
Change in trade receivables
|
5'331
|
–37'991
|
|
Change in other current assets
|
–6'544
|
317
|
|
Change in trade payables
|
1'180
|
22'730
|
|
Change in customers’ advance payments
|
23'494
|
10'298
|
|
Change in provisions
|
–70
|
1'160
|
|
Change in other liabilities
|
1'947
|
4'767
|
|
Adjustment for non-cash items
|
2'455
|
2'093
|
|
Interest received
|
227
|
568
|
|
Interest paid
|
–2'865
|
–1'883
|
|
Income taxes paid
|
–13'627
|
–12'872
|
|
Total cash flow from operating activities
|
50'743
|
41'795
|
|
|
|
|
|
Cash flow from investing activities
|
|
|
|
Purchase of property, plant and equipment
|
–29'484
|
–22'384
|
|
Sale of property, plant and equipment
|
2'555
|
18'490
|
|
Purchase of intangible assets
|
–4'851
|
–2'546
|
|
Increase in Financial Assets
|
–2'100
|
–1'485
|
|
Acquisition of group companies net of cash acquired
|
–15'783
|
–
|
|
Disposal of group companies
|
–
|
144
|
|
Total cash flow from investing activities
|
–49'663
|
–7'781
|
|
|
|
|
|
Cash flow from financing activities
|
|
|
|
Increase in financial liabilities
|
43'010
|
367
|
|
Decrease in financial liabilities
|
–5'710
|
–5'096
|
|
Dividends paid
|
–3'735
|
–
|
|
Transactions with non-controlling interests
|
–22'289
|
–20'361
|
|
Total cash flow from financing activities
|
11'276
|
–25'090
|
|
|
|
|
|
Currency translation differences on cash and cash equivalents
|
–5'047
|
–991
|
|
|
|
|
|
Net change in cash and cash equivalents
|
7'309
|
7'933
|
|
|
|
|
|
Cash and cash equivalents at beginning of period
|
83'010
|
75'077
|
|
Cash and cash equivalents at end of period
|
90'319
|
83'010
|
|
Net change in cash and cash equivalents
|
7'309
|
7'933
|
