Investors Last Modified 26.05.2008

Investors

Financials

FIVE YEARS IN FIGURES MEUR
NOTE! 2004-2007 according to IFRS, 2003 according to FAS
    2007 2006 2005 2004 2003
Net sales   3,763 3,190 2,639 2,478 2,357
  of which outside Finland % 98.2 98.5 97.7 96.2 97.1
Exports from Finland   2,017 1,726 1,405 1,292 1,241
Personnel on average   15,337 13,264 12,049 12,361 12,293
  of which in Finland   3,010 2,641 2,572 3,246 3,463
Orderbook, Power Businesses   6,308 4,439 2,906 1,855 1,245

From the income statement
    2007 2006 2005 2004 2003
Depreciation and impairment   78 72 72 63 156
Operating profit   379 262 224 112 -18
  as a percentage of net sales % 10.1 8.2 8.5 4.5 -0.8
Net financial items   -8 -7 -23 -4 -16
  as a percentage of net sales % -0.2 -0.2 -0.9 -0.2 -0.7
Net income from investments available for sale - 124 1 108 -
Share of profit of associates 1 68 11 1 -
Profit before taxes   372 447 212 217 -34
  as a percentage of net sales % 9.9 14.0 8.0 8.8 -1.5
Profit for the financial year   265 353 167 130 -39
  as a percentage of net sales % 7.1 11.1 6.3 5.2 -1.7

From the balance sheet
    2007 2006 2005 2004 2003
Non-current assets   1,283 1,233 1,316 964 962
Current assets   2,466 1,955 1,553 1,433 1,421
Shareholder's equity   1,315 1,217 1,153 893 805
Minority interest   10 13 10 8 6
Interest-bearing liabilities   283 270 404 320 497
Non interest-bearing liabilities   2,141 1,687 1,302 1,177 1,075
Balance sheet total   3,749 3,188 2,869 2,397 2,383
Gross capital expenditure   231 193 231 69 65
  as a percentage of net sales % 6.1 6.1 8.8 2.8 2.8
Research and development expences³   122 85 70 73 70
  as a percentage of net sales % 3.2 2.7 2.7 3.0 3.0
Dividends paid for the financial year¹   216 167 85 42 45
Supplementary dividend¹   192 - 198 42 62
Dividends total   408 167 283 83 106

Financial ratios
    2007 2006 2005 2004 2003
Earnings per share (EPS)

EUR

2.74 3.72 1.80 1.42 -0.44
Diluted EPS

EUR

2.73 3.71 1.78 1.42 -
Dividend per share¹

EUR

4.25 1.75 3.00 0.90 1.17
Dividend per earnings¹ % 155.1 47.0 166.7 64.1 -
Interest coverage²   13.7 13.1 8.3 17.2 4.4
Return on investment (ROI) % 26.0 31.8 18.0 18.0 0.1
Return on equity (ROE) % 20.8 29.5 16.3 15.0 -4.5
Solvency ratio 1, %²   45.9 47.0 46.6 40.8 35.0
Solvency ratio 2, %² % 45.9 47.0 46.6 40.8 36.2
Gearing 1²   -0.01 0.07 0.24 0.17 0.48
Gearing 2²   -0.01 0.07 0.24 0.17 0.43
Equity per share

EUR

13.70 12.74 12.25 9.65 8.69

1) Proposal of the Board of Directors. Financial ratios calculated from total amount of dividend.
2) Please refer to the Calculation of Financial Ratios.
3) Accounting principles for R&D expenses changed in 2004. 

 

Accounting principles

 

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