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Consolidated Statements of Cash Flows - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from Operating Activities      
Loss for the Year € (112,071) € (62,800) € (223,777)
Adjustments for:      
Amortization and depreciation 28,443 18,890 8,483
Expected credit loss for trade and other receivables 1,893 3,873 479
Impairments of inventories 999 1,575 311
Impairment of financial assets 0 1,411 0
Fair value change of financial instruments     (60)
Change in provisions 2,426 1,737 730
Government grants (1,706) (718) (712)
Financial income (1,472) (2,307) (155)
Financial expenses 15,247 6,743 32,067
Change in fair value of derivative warrant liabilities (6,476) (80,748) 68,954
Share listing expense     72,172
Exchange differences (1,466) 3,618 (1,026)
Income tax credit (703) (4,926) (1,807)
Share based payments expense 16,672 32,625 2,455
Share of loss of equity accounted associates   330  
Negative Goodwill (11,166)    
Proceeds from government grants 6,329 479 233
Others paid     (59)
Changes in      
- inventories 23,553 (73,622) (20,556)
- trade and other financial receivables 2,703 (11,801) (25,513)
- other assets 1,227 7,297 (10,772)
- trade and other financial payables (30,417) 21,723 28,552
- other non-current assets and liabilities     131
- contract liabilities 1,885 329 239
Net cash used in operating activities (64,100) (136,292) (69,631)
Cash flows from Investing Activities      
Investment in equity-accounted investees   (714)  
Loans granted to equity-accounted investees   (140) (777)
Acquisition of intangible assets (32,178) (27,384) (19,633)
Acquisition of property, plant and equipment (12,236) (37,795) (10,704)
Acquisition of financial assets at amortized costs     (247)
Acquisition of financial assets at fair value through profit or loss   (12,450) (57,344)
Other financial assets, net     (690)
Proceeds from sale of intangible assets     58
Proceeds from sale of property, plant and equipment     80
Proceeds from sale of financial assets at amortized costs     117
Proceeds from sale of financial assets at fair value through profit or loss 248 64,994 813
Proceeds from sale of financial assets at fair value through other comprehensive income     30
Acquisition of subsidiaries, net of cash acquired (9,979) (470)  
Net cash used in investing activities (54,145) (13,959) (88,297)
Cash flows from Financing Activities      
Proceeds from issuing equity instruments   0  
Issuance Costs     (17,397)
Purchase of share-based payments plan     (312)
Proceeds from borrowings     124
Proceeds from loans 419,471 291,204 204,677
Proceeds from convertible bonds     34,550
Repayments of loans (337,977) (218,902) (176,323)
Repayments of related parties loans   (42) (87)
Interest paid of convertible bonds   (223) (997)
Payment of principal portion of lease liabilities (2,809) (2,191) (828)
Payment of interest on lease liabilities (1,341) (1,267) (631)
Payment of put option liabilities     (2,875)
Interest and bank fees paid (18,908) (3,199) (3,047)
Other payments     (297)
Net cash from financing activities 140,631 111,747 246,925
Net increase in cash and cash equivalents 22,386 (38,504) 88,997
Cash and cash equivalents at beginning of year 83,308 113,865 22,338
Exchange gains/(losses) (4,536) 7,947 2,530
Cash and cash equivalents at 31 December 101,158 83,308 113,865
ATM [Member]      
Cash flows from Financing Activities      
Proceeds from issuing equity instruments 6,106    
PIPE Financing [Member]      
Cash flows from Financing Activities      
Proceeds from issuing equity instruments 74,242 41,726 95,860
Kensington Shareholders [Member]      
Cash flows from Financing Activities      
Proceeds from issuing equity instruments     114,015
Warrants Conversion And Other [Member]      
Cash flows from Financing Activities      
Proceeds from issuing equity instruments € 1,847 € 4,641 € 493