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Net Cash

Solid Net Cash position of 51.5 M€

Net Cash

Net cash

Comfortable liquidity situation to pursue the 2019+ Strategy objectives and face the COVID-19 pandemic context.

Cash generation in 2020, of 17.4 M€, comprises the following M&A cash flows:

  • Cash inflow of 35.4 M€ from GTE Business disposal (including the price adjustment);
  • Proceeds from the sale of COLLAB, net of cash disposed of, in the amount of 2.1 M€ (including the holdback amount);
  • Cash outflow of 20.0 M€ from the acquisition of Vodafone’s equity stake in Celfocus.

From the 51.5 M€ of Net Cash, 4.3 M€ refers to Non Controlling Interests (versus 13.5 M€ in 2019).

With reference to the Notes to the Consolidated Financial Statements, the detail and breakdown of Net Cash is analysed as follows:

Amounts expressed in thousands of Euros

 

2019

 

2020

Cash and cash equivalents

 

48,755

 

71,929

Debt securities – Non-Current

 

403

 

-

Debt securities – Current

 

2,793

 

-

Treasury shares held by the Company (1)

 

972

 

2,172

Bank borrowings – Non-Current

 

(13,600)

 

(16,200)

Bank borrowings – Current

 

(5,194)

 

(6,400)

Net Cash

 

34,129

 

51,501

 

 

 

 

 

Treasury shares held by the Company

 

376,611

 

676,611

Closing price @ last tradable day (€)

 

2.580

 

3.210

Treasury shares held by the Company

 

972

 

2,172

(1)

Is determined by multiplying the number of treasury shares held by the Company at the end of the period by the share price on the last tradable day.