Five years in figures

 

Five years in figures, MEUR
2015 2014 Restated
2013*
Restated
2012**
2011
Net sales 5 029 4 779 4 607 4 725 4 209
of which outside Finland, % 97.8 98.9 99.0 98.8 99.3
Exports from Finland 1 936 2 280 2 306 2 349 2 458
Personnel on average 18 565 18 042 18 339 18 930 17 708
of which in Finland 3 580 3 582 3 662 3 599 3 421
Order book 4 882 4 530 4 311 4 492 4 007
From the consolidated statement of income
2015 2014 Restated
2013*
Restated
2012**
2011
Depreciation, amortisation and impairment 124 115 120 139 113
Share of result of associates and joint ventures 17 26 28 9 8
Operating result before nonrecurring items 612 569 557 517 469
as a percentage of net sales, % 12.2 11.9 12.1 10.9 11.1
Operating result 587 522 537 483 445
as a percentage of net sales, % 11.7 10.9 11.7 10.2 10.6
EBITA 643  594  589  552  485
as a percentage of net sales, % 12.8  12.4  12.8  11.7  11.5
Financial income and expenses -34 -28 -19 -31 -16
Net income from available-for-sale financial assets - - 25 1 -
Profit before taxes 553 494 544 453 429
as a percentage of net sales, % 11.0 10.3 11.8 9.6 10.2
Profit for the financial period from the continuing operations 429 389 425 - -
Profit/loss for the financial period from the discontinued operations 22 -37 -31 - -
Net profit for the financial period 451 351 393 344 293
as a percentage of net sales, % 9.0  7.4  8.5  7.3  7.0
From the consolidated statement of financial position
2015 2014 Restated
2013*
Restated
2012**
2011
Non-current assets 2 215 1 884 1 935 2 000 1 577
Current assets 3 374 3 294 3 274 3 036 3 023
Assets held for sale - 102 - - -
Total equity attributable to equity holders of the parent company 2 201 1 960 1 844 1 766 1 636
Non-controlling interests 41 45 40 26 30
Interest-bearing debt 724 666 665 794 652
Non interest-bearing liabilities 2 623 2 554 2 660 2 451 2 282
Liabilities directlly attributable to assets held for sale - 55 - - -
Total equity and liabilities 5 589 5 280 5 209 5 036 4 600
From the consolidated statement of cash flows
2015 2014 Restated
2013*
Restated
2012**
2011
Cash flow from operating activities 255 452 578 153 232
Cash flow from investing activities -288 -71 -79 -471 -166
Cash flow from financing activities -210 -210 -324 -47 -247
Gross capital expenditure 346 101 134 513 187
as percentage of net sales, % 6.9 2.1 2.9 10.9 4.4
Research and development expenses 132 139 138 188 162
as percentage of net sales, % 2.6 2.9 3.0 4.0 3.8
Didends paid 237*** 227 207 197 178
Financial ratios
2015 2014 Restated
2013*
Restated
2012**
2011
Earnings per share, basic and diluted (EPS), EUR 2.25 1.76 1.98 1.72 1.44
Dividend per share, EUR 1.20*** 1.15 1.05 1.00 0.90
Dividend per earnings, % 53.3*** 65.4 53.0 58.1 62.7
Interest coverage 15.9 15.9 18.1 13.9 14.6
Return on investment (ROI), % - 18.7 21.2 20.4 20.4
Return on investment (ROI), continuing operations, % 21.0 20.3 22.6 - -
Return on equity (ROE) - 18.0 21.4 20.1 17.5
Return on equity (ROE), continuing operations, % 20.2 20.0 23.1 - -
Solvency ratio, % 44.6 43.5 43.9 41.3 41.3
Gearing 0.17 0.05 0.15 0.32 0.04
Equity per share, EUR 11.16 9.94 9.35 8.95 8.30
Working capital (WCAP), EUR 543 251 313 465 235
 

 
*  Figures related to the statement of income in the comparison period 2013 have been restated during year 2014 due to the two-stroke business being classified as discontinued operations. Figures in comparison periods 2011 and 2012 have not been restated.

**Figures in the comparison period 2012 have been restated during year 2013 according to the revised IAS 19. Figures in comparison period 2011 have not been restated.

*** Proposal by the Board of Directors.
 
Related information:
Calculation of financial ratios 
Accounting principles