Consolidated cash flow statement
|
|
01.01.-30.06.2026 |
01.01.-30.06.2025 |
|
CHF thousand |
unaudited |
unaudited |
|
|
|
|
|
Group earnings |
33,691 |
46,708 |
|
Income taxes |
10,258 |
11,229 |
|
Share of earnings from associates and joint ventures |
–270 |
–219 |
|
Depreciation/amortisation, impairment and reversal of impairment of tangible and intangible assets |
28,919 |
33,245 |
|
Gain/loss on the disposals of tangible and intangible assets |
153 |
–4,313 |
|
Gain/Loss from the sale of minorities |
459 |
- |
|
Change in non-current provisions |
–191 |
1,198 |
|
Other non-cash income and expenses |
2,309 |
324 |
|
Dividends from associates and joint ventures |
875 |
509 |
|
Income taxes paid |
–21,265 |
–22,502 |
|
Cash flow from operating activities before changes in net working capital |
54,938 |
66,179 |
|
|
|
|
|
Changes |
|
|
|
Inventory |
–8,634 |
–45 |
|
Trade accounts receivable |
755 |
22,388 |
|
Other receivables (without income taxes) |
–8,915 |
–11,964 |
|
Prepaid expenses and accrued income |
41,320 |
116,676 |
|
Replacement values of held for trading positions |
43,376 |
–2,745 |
|
Current provisions |
–668 |
–633 |
|
Trade accounts payable |
–13,282 |
–26,878 |
|
Other current liabilities (without income taxes) |
5,594 |
–7,334 |
|
Deferred income and accrued expenses |
–3,944 |
–94,118 |
|
Cash flow from operating activities |
110,540 |
61,526 |
|
|
01.01.-30.06.2026 |
01.01.-30.06.2025 |
|
CHF thousand |
unaudited |
unaudited |
|
|
|
|
|
|
|
|
|
Additions of tangible assets |
–55,415 |
–50,981 |
|
Subsidies received |
826 |
440 |
|
Disposals of tangible assets |
102 |
6,152 |
|
Additions of current and non-current financial assets |
–62,893 |
–30,583 |
|
Disposals of current and non-current financial assets |
45,001 |
- |
|
Additions of intangible assets |
–1,765 |
–2,331 |
|
Additions of group companies (less cash and cash equivalents acquired) |
- |
–2,200 |
|
Additions from the sale of a business unit |
- |
600 |
|
Payments for additions of investments in associates and joint ventures |
- |
–8,861 |
|
Purchase of minorities |
- |
–181 |
|
Sale of minorities |
5,910 |
30 |
|
Cash flow from investing activities |
–68,234 |
–87,915 |
|
|
|
|
|
Increase in financial liabilities |
50,779 |
65,390 |
|
Repayment of financial liabilities |
–52,636 |
–79,490 |
|
Dividend payments to Repower AG shareholders |
–40,646 |
–48,037 |
|
Dividend payments to minorities |
–3,273 |
–615 |
|
Purchase/sale of treasury shares |
1 |
–22 |
|
Cash flow from financing activities |
–45,775 |
–62,774 |
|
|
|
|
|
Effect of currency translation |
–2,369 |
–287 |
|
Change in net cash funds |
–5,838 |
–89,450 |
|
Net cash funds at 1 January |
338,633 |
362,595 |
|
Net cash funds at 30 June |
332,795 |
273,145 |
The sale of minority interests in the six months under review, amounting to CHF 5,910 thousand, relates to the disposal of minority interests in Solis S.r.l.
The investments made in the prior year, amounting to CHF 2,200 thousand and CHF 8,861 thousand respectively, related to the acquisition of the fully consolidated companies Resol Ciminna S.r.l. and Renewable Community Società Benefit S.r.l., as well as the investment in the associate ENAG Energiefinanzierungs AG.
The net cash and cash equivalents fund as at 30 June 2026 comprises, in addition to cash and cash equivalents, an overdraft facility of CHF 24 thousand.