| Five years in figures, MEUR | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | 2020 | 2019 | 2018 | ||
| Net sales | 5,842 | 4,778 | 4,604 | 5,170 | 5,174 | |
| of which outside Finland, % | 99.2 | 98.5 | 97.9 | 98.5 | 98.9 | |
| Exports from Finland | 1,975 | 1,845 | 1,702 | 1,933 | 2,145 | |
| Personnel on average | 17,482 | 17,461 | 18,307 | 19,110 | 18,899 | |
| of which in Finland | 3,808 | 3,687 | 3,706 | 3,868 | 3,766 | |
| Order book | 5,906 | 5,859 | 5,057 | 5,878 | 6,166 | |
| From the consolidated statement of income | ||||||
| 2022 | 2021 | 2020 | 2019 | 2018 | ||
| Depreciation, amortisation and impairment | 263 | 162 | 174 | 180 | 130 | |
| Share of result of associates and joint ventures | 6 | 3 | 3 | -9 | 13 | |
| Comparable operating result | 325 | 357 | 275 | 457 | 577 | |
| as a percentage of net sales, % | 5.6 | 7.5 | 6.0 | 8.8 | 11.2 | |
| Operating result | -26 | 314 | 234 | 362 | 543 | |
| as a percentage of net sales, % | -0.4 | 6.6 | 5.1 | 7.0 | 10.5 | |
| Comparable adjusted EBITA | 349 | 388 | 308 | 498 | 621 | |
| as a percentage of net sales, % | 6.0 | 8.1 | 6.7 | 9.6 | 12.0 | |
| Financial income and expenses | -6 | -18 | -43 | -47 | -40 | |
| Result before taxes | -32 | 296 | 191 | 315 | 502 | |
| as a percentage of net sales, % | -0.5 | 6.2 | 4.2 | 6.1 | 9.7 | |
| Result for the financial period | -59 | 193 | 133 | 218 | 386 | |
| as a percentage of net sales, % | -1.0 | 4.0 | 2.9 | 4.2 | 7.5 | |
| From the consolidated statement of financial position | ||||||
| 2022 | 2021 | 2020 | 2019 | 2018 | ||
| Non-current assets | 2,556 | 2,539 | 2,427 | 2,518 | 2,369 | |
| Current assets | 3,997 | 3,982 | 3,706 | 3,797 | 3,690 | |
| Assets held for sale | 54 | 2 | 99 | 82 | - | |
| Total equity attributable to equity holders of the parent company | 2,135 | 2,315 | 2,177 | 2,396 | 2,418 | |
| Non-controlling interests | 12 | 8 | 11 | 14 | 14 | |
| Interest-bearing debt | 949 | 973 | 1,327 | 1,096 | 823 | |
| Non interest-bearing liabilities | 3,489 | 3,227 | 2,648 | 2,824 | 2,804 | |
| Liabilities directly attributable to assets held for sale | 22 | - | 68 | 68 | - | |
| Total equity and liabilities | 6,606 | 6,523 | 6,232 | 6,398 | 6,059 | |
| From the consolidated statement of cash flows | ||||||
| 2022 | 2021 | 2020 | 2019 | 2018 | ||
| Cash flow from operating activities | -62 | 731 | 681 | 232 | 470 | |
| Cash flow from investing activities | -151 | -128 | -55 | -95 | -240 | |
| Cash flow from financing activities | -289 | -580 | -44 | -256 | -118 | |
| Gross capital expenditure | 161 | 143 | 117 | 122 | 306 | |
| as percentage of net sales, % | 2.8 | 3.0 | 2.5 | 2.4 | 5.9 | |
| Research and development expenses | 241 | 196* | 153 | 164 | 165 | |
| as percentage of net sales, % | 4.1 | 4.1* | 3.3 | 3.2 | 3.2 | |
| Dividends paid | 153** | 142 | 118 | 284 | 284 | |
| Financial ratios | ||||||
| 2022 | 2021 | 2020 | 2019 | 2018 | ||
| Earnings per share, basic and diluted (EPS), EUR | -0.11 | 0.33 | 0.23 | 0.37 | 0.65 | |
| Dividend per share, EUR | -0.11** | 0.24 | 0.20 | 0.48 | 0.48 | |
| Dividend per earnings, % | 0.26** | 73.2 | 88.2 | 130.8 | 73.7 | |
| Interest coverage | -234.9** | 15.0 | 7.1 | 7.7 | 10.8 | |
| Return on investment (ROI), % | 7.3 | 9.7 | 7.1 | 11.5 | 18.1 | |
| Return on equity (ROE), % | 0.1 | 8.6 | 5.8 | 9.0 | 16.1 | |
| Solvency ratio, % | -2.6 | 38.6 | 38.1 | 40.8 | 44.4 | |
| Gearing | 0.23 | 0.00 | 0.18 | 0.30 | 0.14 | |
| Equity per share, EUR | 3.62 | 3.92 | 3.68 | 4.05 | 4.09 | |
| Working capital (WCAP), EUR | 179 | -100 | 257 | 732 | 581 | |
The financial ratios include assets and liabilities pertaining to assets held for sale.
* Figure in the comparison period 2021 has been restated to reflect a change in the definition of research and development expenditure.
** Proposal of the Board of Directors
Related information:
Calculation of financial ratios