ANNUAL SUMMARY
INCOME STATEMENT
| Income Statement (in € m) | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Sales | 538.4 | 575.9 | 462.7 | 592.2 | 402.7 |
| Gross Profit | 31.2 | 42.6 | 53.2 | 31.6 | 20.9 |
| Other Income & Write-Offs | -14.3 | -26.2 | -17.1 | -15.7 | -6.5 |
| Administrative & General Expenses | -36.6 | -42.5 | -33.3 | -33.8 | -41.0 |
| Income from Associates | 31.9 | 30.8 | 21.8 | 31.2 | 47.4 |
| EBITDA | 49.4 | 58.1 | 62.3 | 51.0 | 58.2 |
| Depreciation | 10.6 | 16.3 | 15.3 | 17.0 | 12.6 |
| Financial Results | -32.8 | -26.8 | -24.3 | -22.3 | -20.7 |
| PreTax Earnings | -8.3 | -11.2 | 7.1 | 0.0 | 18.5 |
| Net Earnings | -24.5 | -17.6 | 10.5 | 2.0 | 12.9 |
BALANCE SHEET
| Balance Sheet (in € m) | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Fixed Assets (incl. Restricted Deposits) | 588.3 | 586.3 | 598.5 | 487.1 | 464.3 |
| Inventory | 26.9 | 19.1 | 39.6 | 25.8 | 21.3 |
| Assets for sale | 6.1 | 404.4 | 0.0 | 150.3 | 85.1 |
| Receivables from Clients | 429.4 | 404.8 | 489.7 | 419.2 | 419.2 |
| Restricted Deposits (short-term) | 0.0 | 49.0 | 32.7 | 13.9 | 1.9 |
| Cash Equivalent | 65.7 | 71.1 | 50.5 | 100.2 | 84.8 |
| Total Assets | 1,116.4 | 1,534.7 | 1,211.0 | 1,196.4 | 1,076.5 |
| Long-Term Debt | 475.7 | 515.4 | 510.7 | 383.2 | 292.6 |
| Other Long-Term Liabilities | 67.5 | 57.3 | 63.6 | 55.7 | 52.3 |
| Suppliers & Other Short-Term Liabilities | 365.7 | 407.4 | 440.5 | 386.5 | 424.0 |
| Short-Term Debt | 119.7 | 75.7 | 104.1 | 112.4 | 90.2 |
| Liabilities from Assets for Sale | 0.0 | 400.7 | 0.0 | 148.3 | 62.4 |
| Shareholder Funds | 87.8 | 78.3 | 92.0 | 110.4 | 154.9 |
| Total Liabilities | 1,116.4 | 1,534.7 | 1,211.0 | 1,196.4 | 1,076.5 |
CASH FLOW
| Cash Flow (in € m) | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Pre Tax Earnings | -10.2 | -11.2 | 2.9 | -13.6 | 46.3 |
| Depreciation | 10.6 | 16.3 | 15.3 | 17.0 | 12.6 |
| Other Operating Cash Flows | -25.5% | 20.2 | 0.9 | -2.5 | -66.0 |
| Change in Working Capital | 5.6 | 94.5 | -89.0 | 48.9 | -7.3 |
| Operating Cash Flow | -19.5 | 119.7 | -69.9 | 49.9 | -14.4 |
| Net Movement in Investments | -31.7 | -25.0 | -2.1 | 40.5 | 111.2 |
| Dividend Received | 41.1 | 45.5 | 38.9 | 31.7 | 46.7 |
| Net Investment Cash Flow | 9.4 | 20.5 | 36.7 | 72.2 | 157.9 |
| Free Cash Flow | -10.1 | 140.2 | -33.2 | 122.1 | 143.5 |
| Financing Cash Flow | 2.3 | -140.6 | -3.6 | -89.8 | -163.4 |
| Total Cash Flow | -7.8 | -0.5 | -36.8 | 32.3 | -19.9 |