EUROKAI

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EUROKAI GmbH & Co. KGaA

Interim Group Management Report

for the first half-year 2021

Hamburg, September 2021

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EUROKAI GmbH & Co. KGaA, Hamburg

Consolidated income statement for the period January 01 to June 30, 2021

Jan 01 to

Jan 01 to

June 30,

June 30,

2021

2020

TEUR

TEUR

Revenues

117.210

95.352

Other operating income

5.110

4.337

Cost of materials

-38.845

-33.773

Personnel expenses

-33.450

-30.456

Amortisation/ depreciation

-9.133

-9.305

Other operating expenses

-10.784

-8.782

Earnings before investment result, interest and income tax (EBIT)

30.108

17.373

Interest and similar income

2.798

3.073

Finance costs

-4.584

-4.687

Income from associates

16.577

-7.101

Income from other investees

210

0

Write-downs on financial assets

0

0

Other financial result

3

-27

Earnings before income tax (EBT)

45.112

8.631

Income tax

-12.872

-5.107

Consolidated net profit for the period

32.240

3.524

Thereof attributable to:

Equity holders of the parent

21.840

-2.948

Non-controlling interest

10.400

6.472

32.240

3.524

Earnings per share in EUR (according to IAS 33)

1,38

-0,19

1

EUROKAI GmbH & Co. KGaA, Hamburg

Consolidated statement of comprehensive income for the period January 01 to June 30, 2021

Jan 01 to

Jan 01 to

June 30,

June 30,

2021

2020

TEUR

TEUR

32.240

3.524

Other comprehensive income:

Items not to be reclassified to profit or loss in subsequent periods:

Revaluation of financial derivates

35

7

Deferred tax recognized directly in equity of financial derivates

-10

-2

Actuarial gains/losses from defined benefit pension plans from joint ventures and associates

3.337

5.111

Actuarial gains/losses from defined benefit pension plans

229

26

Deferred tax recognized directly in equity

-1.140

-1.627

2.451

3.515

Net other comprehensive income not being reclassified to profit

or loss subsequent

Revaluation of financial derivates from joint ventures and associates

86

62

Deferred tax recognized directly in equity of financial derivates

-28

-20

Currency translation adjustments from joint ventures and associates

849

-1.389

Currency translation adjustments

53

-319

Other comprehensive income, net of tax

3.411

1.849

Total comprehensive income, net of tax

35.651

5.373

Thereof attributable to:

Equity holders of the parent

25.202

-1.096

Non-controlling interest

10.449

6.469

35.651

5.373

2

EUROKAI GmbH & Co. KGaA, Hamburg

Consolidated Balance Sheet as at June 30, 2021

ASSETS

June 30, 2021

Dec 31, 2020

TEUR

TEUR

Non-current assets

Intangible assets

Other intangible assets

Property, plant and equipment

Land, land rights and buildings

including buildings on third-party land

60.454

62.184

Plant and machinery

51.145

53.848

Other equipment, furniture and fixtures

4.610

5.270

Prepayments and assets under construction

2.645

1.645

118.854

122.947

Financial assets

Investments in associates

126.216

106.911

Investments

1.092

1.067

Deferred income tax assets

18.914

21.224

Other financial receivables and assets

154.844

155.505

Other non- financial receivables and assets

804

893

Current assets

Inventories

5.850

5.905

Trade receivables

54.411

44.752

Other financial assets

7.003

27.034

Other non-financial assets

11.673

12.305

Current recoverable income taxes

3.895

3.856

Cash and cash equivalents

166.288

150.052

745.394

727.765

EQUITY AND LIABILITIES

June 30, 2021

Dec 31, 2020

TEUR

TEUR

Capital and reserves

Issued capital

13.468

13.468

Personally Liable General Partner´s capital

294

294

Capital reserves

1.801

1.801

Reserve from the fair value measurement of financial derivates

0

0

Reserve from other changes in equity of asociates

-25.901

-29.033

Reserve of exchange differences on translation

163

119

Revenue reserves

142.057

134.436

Accumulated profit

200.565

202.072

Equity attributable to equity holders of the parent

332.447

323.157

Non-controlling interest

80.735

79.857

413.182

403.014

Liabilities and provisions

Non-current financial and provisions

Non-current financial liabilities, net of current portion

13.174

14.512

Non-current portion of deferred government grants

2.499

2.547

Other financial liabilities

214.603

214.099

Other non-financial liabilities

33

49

Deferred income tax liabilities

9.413

9.511

Provisions

Provisions for employee benefits

7.112

7.360

Other provisions

9.668

10.171

256.502

258.249

Current liabilities and provisions

Current portion of non-current financial liabilities

7.028

7.824

Trade payables

28.713

30.459

Current portion of deferred government grants

224

267

Other financial liabilities

18.166

18.061

Other non-financial liabilities

7.446

5.171

Income tax obligations

12.338

2.788

Provisions

Provisions for employee benefits

638

800

Other provisions

1.157

1.132

75.710

66.502

332.212

324.751

3

745.394

727.765

EUROKAI GmbH & Co. KGaA, Hamburg

Consolidated cash flow statement for the period January 01 to June 30, 2021

Jan 01 to Jun

Jan 01 to Jun

30, 2021

30, 2020

TEUR

TEUR

1. Cash flows from operating activities

EBT

45.112

8.631

Depreciation, amortisation and impairment losses

9.133

9.305

Loss from the disposal of assets

-742

-257

Currency translation adjustments

-3

27

Profit/loss from investments accounted for using the equity method

-16.577

4.464

Interest result

1.786

1.615

= Operating profit before changes in assets carried as working capital

38.709

23.785

Increase/decrease in trade receivables

-9.659

13.175

Increase/decrease in other assets

21.412

1.790

Increase/decrease in inventories

55

288

Increase/decrease in government grants

-91

-84

Increase/decrease in provisions which affects income (excluding interest costs)

-589

-934

Increase/decrease in trade payables and other financial and non-financial liabilities

-7.149

179

= Cash flows used in/from changes in assets carried as working capital

3.979

14.414

Interest received

1.870

3.073

Interest paid

-2.017

-4.345

Cash receipts from repayments of finance lease receivables

3.466

2.793

Income taxes paid

-11.387

-4.406

Income taxes received from tax refunds

0

646

= Cash paid/received for interest and income tax

-8.068

-2.239

= Net cash flows from operating activities

34.620

35.960

2. Cash flows from investing activities

Proceeds from the disposal of intangible assets and

property, plant and equipment

1.866

1.434

Investments in intangible assets and

property, plant and equipment

-6.828

-2.940

Cash received from the reimbursement of granted loans

21.386

0

Cash paid for loans granted to investments accounted for using the equity method

0

-12.000

Dividends received

1.223

0

= Net cash flows used in investing activities

17.647

-13.506

3. Cash flows from financing activities

Cash paid to equity holders

-15.839

-24.385

Repayment of non-current financial liabilities

-2.232

-8.173

Payment of finance lease liabilities

-8.360

-7.308

Payment to non-controlling interest

-9.600

0

= Net cash flows used in financing activities

-36.031

-39.866

Net increase/decrease in cash and cash equivalents (subtotal of 1 to 3)

16.236

-17.412

Cash and cash equivalents at January 01

150.052

180.414

Cash and cash equivalents at the end of the period

166.288

163.002

Composition of cash and cash equivalents

Cash and cash equivalents

166.288

163.002

Cash and cash equivalents at the end of the period

166.288

163.002

4

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Eurokai GmbH & Co. KGaA published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 07:21:06 UTC.