EUROKAI GmbH : Interim Report for the 1st half-year 2023,

EUROKAI

EUROKAI GmbH & Co. KGaA

Interim Group Management Report

for the first half-year 2023

Hamburg, September 2023

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EUROKAI GmbH & Co. KGaA, Hamburg

Consolidated income statement for the period January 01 to June 30, 2023

	Jan 01 to	Jan 01 to
	June 30,	June 30,
	2023	2022
	TEUR	TEUR
Revenue	110.006	131.087
Other operating income	11.366	5.067
Cost of materials	-44.660	-42.930
Personnel expenses	-31.847	-33.906
Depreciation, amortisation and impairment	-10.791	-10.008
Other operating expenses	-11.261	-11.339
Profit before income from investments, interest and
taxes (EBIT)	22.813	37.971
Interest and similar income	5.561	2.694
Finance costs	-6.935	-4.723
Profit from equity investments accounted for using the
equity method	12.483	54.711
Other finance costs (income)	38	-68
Earnings before taxes (EBT)	33.960	90.585
Income tax expense	-3.144	-15.397
Consolidated profit for the period	30.816	75.188
Attributable to:
Equity holders of the parent	24.726	62.108
Non-controlling interests	6.090	13.080
	30.816	75.188
Diluted and basic Earnings per share (in EUR)	1,66	4,62

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EUROKAI GmbH & Co. KGaA, Hamburg

Consolidated statement of comprehensive income for the period January 01 to June 30, 2023

Consolidated profit for the period

Other comprehensive income

Items that will not be reclassified subsequently to profit or loss

Remeasurement of financial instruments Deferred taxes on remeasurement of financial instruments

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

Actuarial gains/losses from defined benefit pension plans

Deferred taxes on actuarial gains/losses

Items that are or may be reclassified subsequently to profit or loss

Remeasurement of financial instruments Deferred taxes on remeasurement of financial instruments

Remeasurement of financial instruments from joint ventures

Deferred taxes on remeasurement of financial instruments

Exchange differences arising on translation of joint ventures

Exchange differences arising on translation of foreign operations

Other comprehensive income (after tax) Total comprehensive income

Attributable to

Equity holders of the parent

Non-controlling interests

Jan 01 to	Jan 01 to
June 30,	June 30,
2023	2022
TEUR	TEUR
30.816	75.188

1. -117

1. 32

-1.151 26.640

1. 733

1. -8.807

-762 18.481

-1.0410

2500

75 106

-24-34

471 1.077

1. 161

1. 1.310
   -84 19.791

30.732 94.979

24.955 81.825

5.777 13.154

30.732 94.979

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EUROKAI GmbH & Co. KGaA, Hamburg

Consolidated Balance Sheet as at June 30, 2023

	June 30,		Dec 31,
	2023	2022
ASSETS	TEUR		TEUR
Non-current assets
Intangible assets
Other intangible assets	72.168	73.108
Property, plant and equipment
Land, land rights and buildings including buildings on third-party land
	53.373	55.363
Plant and machinery	52.450	54.782
Other equipment, fixtures and fittings	4.899	5.416
Prepayments and assets under construction	11.562		10.486
	122.284	126.047
Financial assets
Equity investments accounted for using the equity method	247.873	243.952
Other equity investments	1.517		1.517
	249.390		245.469
Deferred tax assets	14.437	14.044
Other non-current financial assets	137.957	138.343
Other non-currentnon-financial assets	479		351
	596.715	597.362
Current assets
Inventories	5.900	5.833
Trade receivables	48.729	47.403
Other current financial assets	28.267	46.963
Other current non-financial assets	16.203	16.858
Current tax receivables	11.506	7.224
Cash and cash equivalents	195.175		189.795
	305.780		314.076
	902.495	911.438
	June 30,		Dec 31,
EQUITY AND LIABILITIES	2023	2022
	TEUR		TEUR
Equity and reserves
Issued capital	13.468	13.468
Equity attributable to Personally Liable General Partner	294	294
Capital reserves	1.801	1.801
Reserve from other changes in equity of associates	-5.802	-6.341
Retained earnings	153.498	145.992
Net retained profit	316.464	319.825
Equity attributable to equity holders of the parent	479.920		475.632
Equity attributable to non-controlling interest	100.302		103.989
	580.222	579.621
Liabilities and provisions
Non-current liabilities and provisions
Non-current financial liabilities, net of current portion	10.298	13.058
Government grants	4.407	4.095
Other non-current financial liabilities	197.746	202.895
Other non-currentnon-financial liabilities	1.776	1.776
Deferred tax liabilities	8.648	13.034
Provisions
Provisions for pensions and other post-employment benefits	5.737	5.835
Other non-current provisions	14.254		14.813
	242.866	255.506
Current liabilities and provisions
Current portion of non-current financial liabilities	3.583	4.718
Trade payables	35.893	36.490
Government grants	224	929
Other current financial liabilities	18.989	19.884
Other current non-financial liabilities	7.928	6.618
Current tax payables	11.687	6.480
Provisions
Provisions for pensions and other post-employment benefits	683	746
Other current provisions	420		446
	79.407		76.311
	322.273		331.817
	902.495		911.438

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EUROKAI GmbH & Co. KGaA, Hamburg

Consolidated cash flow statement for the period January 01 to June 30, 2023

			Jan 01 to Jun		Jan 01 to Jun
			30,	2023	30,	2022
				TEUR			TEUR
1. Cashflow from operating activities
	EBT	33.960	90.585
	Depreciation, amortisation and impairment losses	10.791	10.008
	Loss from the disposal of assets		-243			-47
	Currency translation adjustments		-39			68
	Profit/loss from investments accounted for using the equity method	-28.442	-54.711
	Interest result		1.374			2.029
= Operating profit before changes in assets carried as working capital	17.401		47.932
	Increase/decrease in trade receivables	-1.327	-7.934
	Increase/decrease in other assets		2.280	-2.726
	Increase/decrease in inventories		-68			-402
	Increase/decrease in government grants		-832			299
	Increase/decrease in provisions which affects income (excluding interest costs)		-739	-1.180
	Increase/decrease in trade payables and other financial and non-financial lia-
	bilities		9.807			929
	Non cash effective changes of derivaties in equity		395			0
=	Cash flows used in/from changes in assets carried as working capital		9.516	-11.014
	Interest received		3.620			2.728
	Interest paid	-3.572	-3.172
	Cash receipts from repayments of finance lease receivables		3.144			2.681
	Income taxes received from tax refunds		0			1.169
	Income taxes paid	-7.420		-11.212
=	Cash paid/received for interest and income tax	-4.228	-7.806
=	Net cash flows from operating activities	22.689	29.112
2. Cash flows from investing activities
Proceeds from the disposal of intangible assets and property, plant and equip-
ment		1.269			89
Investments in intangible assets and property, plant and equipment	-3.732	-6.739
Investments in non-current financial assets		0	-1.298
Investments in associated companies	-5.749			0
Dividends received	31.879			1.392
=	Net cash flows used in investing activities	23.667	-6.556
3. Cash flows from financing activities
Cash paid to equity holders	-20.587	-15.303
Cash received from the reimbursement of granted loans to associated companies		1.372			0
Repayment of non-current financial liabilities	-3.894	-3.215
Payment of finance lease liabilities	-8.323	-5.846
Payment to non-controlling interest	-9.544	-6.288
=	Net cash flows used in financing activities	-40.976		-30.652
Net increase/decrease in cash and cash equivalents (subtotal of 1 to 3)		5.380	-8.096
Cash and cash equivalents at January 01	189.795	183.596
Cash and cash equivalents at the end of the period	195.175	175.500
Composition of cash and cash equivalents
Cash and cash equivalents	195.175		175.500
Cash and cash equivalents at the end of the period		195.175		175.500

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