The cash flow from investment activities shows a decrease of € 28.5 million, mainly explained by the investment in Prestia and an increase in investments of € 5.7 million in 2021 compared to 2020.
The cash flow from financing activities is plus € 27.7 million (2020: negative € 1.9 million). In connection with the acquisition of Prestia, external financing was raised. No dividend was paid in 2021.
The financial position and the operating cash flow are sufficient to continue the activities without additional financing. ROTO amply complies with the agreements made with the credit institution.
The quick ratio (cash and cash equivalents plus receivables in relation to current liabilities) amounts to 0.97 at the end of 2021 (end of 2020: 1.07). Although the ratio is falling and is just below 1, ROTO has sufficient liquid assets.
The current ratio (including inventories) of 1.75 is slightly lower than the 2.41 at the end of 2020. This is due to the increase in inventory valuation due to higher zinc and steel prices at the end of the year compared to previous year’s closing.