Five years in figures | |||||||
Restated | Restated | ||||||
MEUR | 2016 | 2015 | 2014 | 2013* | 2012** | ||
Net sales | 4 801 | 5 029 | 4 779 | 4 607 | 4 725 | ||
of which outside Finland | % | 97.5 | 97.8 | 98.9 | 99.0 | 98.8 | |
Exports from Finland | 1 804 | 1 936 | 2 280 | 2 306 | 2 349 | ||
Personnel on average | 18 332 | 18 565 | 18 042 | 18 339 | 18 930 | ||
of which in Finland | 3 482 | 3 580 | 3 582 | 3 662 | 3 599 | ||
Order book | 4 696 | 4 882 | 4 530 | 4 311 | 4 492 | ||
From the consolidated statement of income | |||||||
Depreciation, amortisation and impairment | 138 | 124 | 115 | 120 | 139 | ||
Share of result of associates and joint ventures | 14 | 17 | 26 | 28 | 9 | ||
Comparable operating result | 583 | 612 | 569 | 557 | 517 | ||
as a percentage of net sales | % | 12.1 | 12.2 | 11.9 | 12.1 | 10.9 | |
Operating result | 532 | 587 | 522 | 537 | 483 | ||
as a percentage of net sales | % | 11.1 | 11.7 | 10.9 | 11.7 | 10.2 | |
Comparable adjusted EBITA | 618 | 643 | 594 | 589 | 552 | ||
as a percentage of net sales | % | 12.9 | 12.8 | 12.4 | 12.8 | 11.7 | |
Financial income and expenses | -53 | -34 | -28 | -19 | -31 | ||
Net income from available-for-sale financial assets | - | - | - | 25 | 1 | ||
Profit before taxes | 479 | 553 | 494 | 544 | 453 | ||
as a percentage of net sales | % | 10.0 | 11.0 | 10.3 | 11.8 | 9.6 | |
Profit for the financial period from the continuing operations | 357 | 429 | 389 | 425 | - | ||
Profit/loss for the financial period from the discontinued operations | - | 22 | -37 | -31 | - | ||
Net profit for the financial period | 357 | 451 | 351 | 393 | 344 | ||
as a percentage of net sales | % | 7.4 | 9.0 | 7.4 | 8.5 | 7.3 | |
From the consolidated statement of financial position | |||||||
Non-current assets | 2 116 | 2 215 | 1 884 | 1 935 | 2 000 | ||
Current assets | 3 275 | 3 374 | 3 294 | 3 274 | 3 036 | ||
Assets held for sale | - | - | 102 | - | - | ||
Total equity attributable to equity holders of the parent company | 2 288 | 2 201 | 1 960 | 1 844 | 1 766 | ||
Non-controlling interests | 34 | 41 | 45 | 40 | 26 | ||
Interest-bearing debt | 629 | 724 | 666 | 665 | 794 | ||
Non-interest-bearing liabilities | 2 441 | 2 623 | 2 554 | 2 660 | 2 451 | ||
Liabilities directly attributable to assets held for sale | - | - | 55 | - | - | ||
Total equity and liabilities | 5 391 | 5 589 | 5 280 | 5 209 | 5 036 | ||
From the consolidated statement of cash flows | |||||||
Cash flow from operating activities | 613 | 255 | 452 | 578 | 153 | ||
Cash flow from investing activities | -126 | -288 | -71 | -79 | -471 | ||
Cash flow from financing activities | -339 | -210 | -210 | -324 | -47 | ||
Gross capital expenditure | 146 | 346 | 101 | 134 | 513 | ||
as a percentage of net sales | % | 3.0 | 6.9 | 2.1 | 2.9 | 10.9 | |
Research and development expenses | 131 | 132 | 139 | 138 | 188 | ||
as a percentage of net sales | % | 2.7 | 2.6 | 2.9 | 3.0 | 4.0 | |
Dividends paid | 256*** | 237 | 227 | 207 | 197 | ||
Financial ratios | |||||||
Earnings per share (EPS), basic and diluted | EUR | 1.79 | 2.25 | 1.76 | 1.98 | 1.72 | |
Dividend per share | EUR | 1.30*** | 1.20 | 1.15 | 1.05 | 1.00 | |
Dividend per earnings | % | 72.8*** | 53.3 | 65.4 | 53.0 | 58.1 | |
Interest coverage | 18.6 | 15.9 | 15.9 | 18.1 | 13.9 | ||
Return on investment (ROI) | % | - | - | 18.7 | 21.2 | 20.4 | |
Return on investment (ROI), continuing operations | % | 17.1 | 21.0 | 20.3 | 22.6 | - | |
Return on equity (ROE) | % | - | - | 18.0 | 21.4 | 20.1 | |
Return on equity (ROE), continuing operations | % | 15.6 | 20.2 | 20.0 | 23.1 | - | |
Solvency ratio | % | 47.6 | 44.6 | 43.5 | 43.9 | 41.3 | |
Gearing | 0.07 | 0.17 | 0.05 | 0.15 | 0.32 | ||
Equity per share | EUR | 11.60 | 11.16 | 9.94 | 9.35 | 8.95 | |
Working capital (WCAP) | EUR | 490 | 543 | 251 | 313 | 465 | |
* 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 the comparison period 2012 have not been restated. | |||||||
** Figures in the comparison period 2012 have been restated during year 2013 according to the revised IAS 19. | |||||||
*** Proposal of the Board of Directors. |
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