|
|
1st half-year 2026 |
1st half-year 2025 |
|
Profit incl. minority interests |
113,209 |
103,915 |
|
Net interest expense |
12,573 |
13,801 |
|
Income taxes |
24,079 |
20,534 |
|
Result from sale of non-current assets |
-198 |
-236 |
|
Result from sale of investments/businesses |
-679 |
– |
|
Depreciation and amortisation |
78,217 |
77,636 |
|
Impairment charges |
235 |
93 |
|
Change in provisions |
1,260 |
-3,039 |
|
Result from associates and joint ventures |
-900 |
197 |
|
Other non-cash adjustments |
2,062 |
8,502 |
|
Cash flow before changes in net working capital, interest and taxes |
229,858 |
221,403 |
|
|
|
|
|
Change in inventories |
-56,793 |
-79,505 |
|
Change in trade receivables |
38,127 |
38,159 |
|
Change in other receivables, prepayments and accrued income |
-8,300 |
-27,266 |
|
Change in trade payables |
-3,695 |
-9,126 |
|
Change in other payables, accrued liabilities and deferred income |
48,354 |
46,573 |
|
Interest paid |
-2,844 |
-2,979 |
|
Taxes paid |
-42,060 |
-19,239 |
|
Cash flow from operating activities |
202,647 |
168,020 |
|
|
|
|
|
Investments in property, plant and equipment |
-79,443 |
-73,402 |
|
Asset-related government grants |
– |
53 |
|
Proceeds from disposal of property, plant and equipment |
1,033 |
3,866 |
|
Investments in intangible assets |
-3,890 |
-2,839 |
|
Proceeds from sale of shares in associates |
679 |
– |
|
Acquisition of minority interests |
-284 |
-31,617 |
|
Change in loans receivable |
-2,995 |
-2,885 |
|
Dividend received |
29 |
225 |
|
Interest received |
980 |
544 |
|
Cash flow from investing activities |
-83,891 |
-106,055 |
|
|
|
|
|
Change in other current financial liabilities |
-12,316 |
-4,821 |
|
Change in other non-current financial liabilities |
-5,133 |
-5,309 |
|
Dividend payments to shareholders Emmi AG |
-93,622 |
-88,272 |
|
Dividend payments to minority shareholders |
-1,554 |
-916 |
|
Cash flow from financing activities |
-112,625 |
-99,318 |
|
|
|
|
|
Currency translation differences |
1,433 |
-8,141 |
|
Net change in cash and cash equivalents |
7,564 |
-45,494 |
|
|
|
|
|
Cash and cash equivalents at beginning of period |
376,535 |
303,661 |
|
Cash and cash equivalents at end of period |
384,099 |
258,167 |