Five years in figures

 

Five years in figures, MEUR
2017* 
2016 2015 2014 Restated
2013**
Net sales 4 911 4 801 5 029 4 779 4 607
of which outside Finland, % 97.7 97.5 97.8 98.9 99.0
Exports from Finland 1 953 1 804 1 936 2 280 2 306
Personnel on average 17 866 18 332 18 565 18 042 18 339
of which in Finland 3 521 3 482 3 580 3 582 3 662
Order book 5 100 4 696 4 882 4 530 4 311
 
From the consolidated statement of income
2017* 2016 2015 2014 Restated
2013**
Depreciation, amortisation and impairment 134 138 124 115 120
Share of result of associates and joint ventures 13 14 17 26 28
Comparable operating result 576 583 612 569 557
as a percentage of net sales, % 11.7 12.1 12.2 11.9 12.1
Operating result 538 532 587 522 537
as a percentage of net sales, % 11.0 11.1 11.7 10.9 11.7
Comparable adjusted EBITA 612 618 643  594  589
as a percentage of net sales, % 12.5 12.9 12.8  12.4  12.8
Financial income and expenses -47 -53 -34 -28 -19
Net income from other investments - - - - 25
Profit before taxes 491 479 553 494 544
as a percentage of net sales, % 10.0 10.0 11.0 10.3 11.8
Profit for the financial period from the continuing operations 375 357 429 389 425
Profit/loss for the financial period from the discontinued operations - - 22 -37 -31
Net profit for the financial period 375 357 451 351 393
as a percentage of net sales, % 7.6 7.4 9.0  7.4  8.5
 
From the consolidated statement of financial position
2017* 2016 2015 2014 Restated
2013**
Non-current assets 2 285 2 116 2 215 1 884 1 935
Current assets 3 363 3 275 3 374 3 294 3 274
Assets held for sale - - - 102 -
Total equity attributable to equity holders of the parent company 2 352 2 288 2 201 1 960 1 844
Non-controlling interests 24 34 41 45 40
Interest-bearing debt 619 629 724 666 665
Non interest-bearing liabilities 2 653 2 441 2 623 2 554 2 660
Liabilities directlly attributable to assets held for sale - - - 55 -
Total equity and liabilities 5 648 5 391 5 589 5 280 5 209
 
From the consolidated statement of cash flows
2017* 2016 2015 2014 Restated
2013**
Cash flow from operating activities 430 613 255 452 578
Cash flow from investing activities -235 -126 -288 -71 -79
Cash flow from financing activities -278 -339 -210 -210 -324
Gross capital expenditure 255 146 346 101 134
as percentage of net sales, % 5.2 3.0 6.9 2.1 2.9
Research and development expenses 141 131 132 139 138
as percentage of net sales, % 2.9 2.7 2.6 2.9 3.0
Dividends paid 272 256 237 227 207
 
Financial ratios
2017* 2016 2015 2014 Restated
2013**
Earnings per share, basic and diluted (EPS), EUR 0.63*** 1.79 2.25 1.76 1.98
Dividend per share, EUR 0.46 1.30 1.20 1.15 1.05
Dividend per earnings, % 72.5*** 72.8 53.3 65.4 53.0
Interest coverage 11.6 18.6 15.9 15.9 18.1
Return on investment (ROI), % - - - 18.7 21.2
Return on investment (ROI), continuing operations, % 18.5 17.1 21.0 20.3 22.6
Return on equity (ROE) - - - 18.0 21.4
Return on equity (ROE), continuing operations, % 16.0 15.6 20.2 20.0 23.1
Solvency ratio, % 46.3 47.6 44.6 43.5 43.9
Gearing 0.10 0.07 0.17 0.05 0.15
Equity per share, EUR 3.97*** 11.60 11.16 9.94 9.35
Working capital (WCAP), EUR 563 490 543 251 313
 

* Figures for 2017 have been restated due to the adoption of IFRS15.
** 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 have been restated to reflect the increased number of shares.

 
Related information:
Calculation of financial ratios 
Accounting principles 


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