| |
Notes |
9 months to 30 September 2018
€000 |
Year to 31 December 2017
€000 |
| Operating activities |
|
|
|
| Profit for the period |
|
19,283 |
11,329 |
| Adjustments to reconcile profit for the year to net cashflows: |
|
|
|
| Income tax expense recognised in income statement |
13 |
7,244 |
15,980 |
| Interest expense and bank commissions |
9 |
1,938 |
3,169 |
| (Gain)/loss on disposal of tangible assets |
|
(19) |
538 |
| Other financial income |
9 |
(93) |
(681) |
| Depreciation of property, plant and equipment |
18 |
6,424 |
9,894 |
| Amortisation of intangible assets |
16 |
1,042 |
1,318 |
| Impairment of goodwill |
8 |
- |
14,900 |
| Net foreign exchange (gain)/loss |
9 |
(156) |
84 |
| Share-based compensation |
34 |
129 |
1,942 |
| Share of loss of equity-accounted investees, net of tax |
22 |
166 |
331 |
| (Decrease)/Increase in provisions |
|
(455) |
775 |
| |
|
35,503 |
59,579 |
| Working capital adjustments |
|
|
|
| Decrease/(increase) in trade receivables and other assets |
|
43,817 |
(30,505) |
| Increase in inventories |
|
(7,610) |
(1,443) |
| (Decrease)/increase in trade payables and other liabilities |
|
(20,316) |
25,988 |
| |
|
15,891 |
(5,960) |
| Cash generated by operations |
|
51,394 |
53,619 |
| Income tax paid |
13 |
(4,458) |
(6,959) |
| Net cashflow from operating activities |
|
46,936 |
46,660 |
| Investing activities |
|
|
|
| Interest received |
9 |
93 |
681 |
| Payments to acquire intangible assets |
16 |
(1,075) |
(1,376) |
| Proceeds from sale of property, plant and equipment |
|
33 |
98 |
| Purchase of property, plant and equipment |
18 |
(2,449) |
(3,710) |
| Purchase of equity-accounted investee |
22 |
- |
(15,000) |
| Net cashflow from investing activities |
|
(3,398) |
(19,307) |
| Financing activities |
|
|
|
| Repayment of borrowings |
23 |
(32,015) |
(20,128) |
| Interest paid |
|
(1,773) |
(3,147) |
| Purchase of own shares |
28 |
(3,532) |
(116) |
| Dividends paid to equity holders of the parent |
29 |
(16,398) |
(15,730) |
| Net cashflow from financing activities |
|
(53,718) |
(39,121) |
| Net decrease in cash and cash equivalents |
|
(10,180) |
(11,768) |
| Cash and cash equivalents at the start of the period |
|
61,341 |
74,956 |
| Effect of exchange rates on cash and cash equivalents |
|
(1,018) |
(1,847) |
| Cash and cash equivalents at the end of the period |
32 |
50,143 |
61,341 |