Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Interim condensed consolidated statement of cash flows

v3.23.3
Interim condensed consolidated statement of cash flows - EUR (€)
€ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Cash generated from/(used in) operations € (32,914) € (89,640)
Interest paid (13,465) (5,697)
Income taxes paid (813) (343)
Other cash flows from operating activities 228 0
Net cash flows from/(used in) operating activities (46,964) (95,680)
Cash flows from investing activities    
Acquisition of Mega-E, net of cash acquired 0 (3,949)
Acquisition of MOMA, net of cash acquired 0 (58,643)
Purchase of property, plant and equipment (48,007) (24,971)
Proceeds from sale of property, plant and equipment 0 12
Purchase of intangible assets 0 (1,241)
Proceeds from investment grants 2,381 371
Other cash flows used in investing activities (113) 0
Net cash flows from/(used in) investing activities (45,739) (88,421)
Cash flows from financing activities    
Proceeds from borrowings 43,400 50,000
Repayment of borrowings 0 (11,936)
Payment of principal portion of lease liabilities (3,322) (4,067)
Payment of transaction costs on new equity instruments 0 (925)
Payment of transaction costs on borrowings (1,576) 0
Net cash flows from/(used in) financing activities 38,502 175,841
Net increase/(decrease) in cash and cash equivalents (54,201) (8,260)
Cash and cash equivalents at the beginning of the nine months 83,022 24,652
Effect of exchange rate changes on cash and cash equivalents 8 6
Cash and cash equivalents at the end of the nine months 28,829 16,398
Spartan Shareholders    
Cash flows from financing activities    
Proceeds from issuing equity instruments 0 132,690
PIPE financing    
Cash flows from financing activities    
Proceeds from issuing equity instruments € 0 € 10,079