| EUR 1 000 | Note | 2018 | 2017 |
| Operating activities | |||
| Profit/loss for the financial year | -18 226 | -9 431 | |
| Adjustments: | |||
| Income tax expenses | 0 | -2 | |
| Finance income and expenses | 34 265 | 30 642 | |
| Depreciation and impairment charges | 55 181 | 54 385 | |
| Share of the profit/loss of joint ventures | -1 387 | -1 290 | |
| Other non-cash flow income and expenses | -15 161 | -15 683 | |
| Sales profit/loss of property, plant and equipment and shares | 14 | -224 | |
| Changes in working capital: | |||
| Increase (-) or decrease (+) in non-interest-bearing receivables | -6 204 | 24 176 | |
| Increase (-) or decrease (+) in inventories | -3 503 | -7 666 | |
| Increase (+) or decrease (-) in short-term non-interest-bearing liabilities | 2 284 | -46 445 | |
| Interest paid and other finance expenses | -3 624 | -4 260 | |
| Interest received | 3 878 | 5 734 | |
| Taxes paid | 0 | 2 | |
| Cash flow from operating activities | 47 517 | 29 938 | |
Investing activities | |||
| Acquisition of property, plant and equipment | -620 478 | -287 195 | |
| OL3 EPR project compensation | 328 000 | 0 | |
| Proceeds from sale of property, plant and equipment | 15 | 41 | |
| Acquisition of intangible assets | -155 | -143 | |
| Acquisition of shares | 0 | -6 | |
| Investments in fund units | 0 | 200 000 | |
| Proceeds from sale of shares | 0 | 486 | |
| Loan receivables granted | -10 867 | -15 603 | |
| Repayments of loans granted | 240 | 387 278 | |
| Cash flow from investing activities | -303 245 | 284 858 | |
Financing activities | |||
| Reduction of share capital | -5 825 | 0 | |
| Withdrawals of subordinated shareholder loans (hybrid equity) | 100 000 | 100 000 | |
| Withdrawals of long-term loans | 804 993 | 100 000 | |
| Repayment of long-term loans | -719 644 | -632 135 | |
| Interest paid of subordinated shareholder loans (hybrid equity) | -4 285 | -3 710 | |
| Increase (+) or decrease (-) in current financial liabilities | 161 416 | -50 948 | |
| Cash flow from financing activities | 336 655 | -486 793 | |
Change in cash and cash equivalents | 80 927 | -171 997 | |
| Cash and cash equivalents 1 Jan | 140 239 | 312 236 | |
| Cash and cash equivalents 31 Dec | 18 | 221 166 | 140 239 |
