Profitable Growth mid-term outlook Q3 2023
Gross and net cash positions solid at 30 June 2023
Net cash position increased despite repayment of SECO liability and reimbursement of Covid loan
Mainly variation of
incentive scheme
liabilities (€3.3M)
Reimbursement of
Covid loan in CH
(€15.3M) and new
credit lines (€10M)
Business
cash flow
-1.5
€M
15.3
Taxes
55.8
5.8
Variation
of financial
asset
-29.5
Subsequent
annulment
of
SECO
repayment
5.2
Other
-12.0
Capex
Freesailors
Transaction
-8.4
Financing
167.0
11.0
Financial
assets (**) -63.4
118.5
17.8
Change in
NWC
EBITDA
IFRS (*)
Gross Cash
31.12.22
(*) EBITDA IFRS net of IFRS 16 effect for €2.6m
(**) Financial assets don't include investments in other shares that do not fall under the definition of Net cash
(***) Includes €62.1m loans from banks and €1.4m other financial liabilities
Gross Cash
30.06.23
Financial -12.1
liabilities Lease
(***) liabilities
102.5
Net Cash
30.06.23
31.12.22
Var %
41.7
>100 %
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