Financial information 2008

Key Figures Income Statement Balance Sheet Statement of Cash Flows

Five Years in Figures

				IFRS		IFRS		IFRS		IFRS		IFRS		FAS
				2008		2007		2006		2005		2004		2004
Net sales		MEUR		697		647		530		510		564		597
of which outside Finland		MEUR		553		553		486		466		523		556
in percent of net sales		%		79.3		85.4		91.8		91.4		92.8		93.2
export from Finland		MEUR		98		79		59		55		56		56
Percentage change of net sales		%		7.7		22.1		3.8		-9.4		-9.1		-3.7
Earnings before depr. and amort. and share of profit from associate		MEUR		33		87		56		53		77		64
in percent of net sales		%		4.8		13.4		10.5		10.3		13.7		10.7
Share of profit from associates		MEUR		70		43		59		29		27
Operating profit		MEUR		71		107		86		23		79		39
in percent of net sales		%		10.2		16.5		16.2		4.4		14.0		6.5
Financial items net		MEUR		-19		13		-9		43		-4		-3
in percent of net sales		%		-2.8		2.0		-1.7		8.4		-0.7		-0.5
Profit before taxes		MEUR		52		120		77		65		75		57
in percent of net sales		%		7.4		18.5		14.5		12.8		13.3		9.5
Income tax (continuing operations)		MEUR		2		11		10		7		15		12
Profit from discontinued operations		MEUR						15		4		-5
Profit for the period attributable to the equity holders of the company		MEUR		49		108		82		62		55		45
in percent of net sales		%		7.1		16.8		15.5		12.2		9.7		7.5
Minority interest		MEUR		-0.1		0.3		0.0
Employee benefits		MEUR		187		146		121		126		138		146
Depreciation and amortization		MEUR		33		23		29		59		25		25
in percent of net sales		%		4.7		3.6		5.4		11.5		4.5		4.2
Capital expenditure (incl. acquisitions)		MEUR		30		221		41		61		42		41
in percent of net sales		%		4.3		34.1		7.7		11.9		7.5		6.9
Research and development costs		MEUR		8		7		6		5		5		5
in percent of net sales		%		1.2		1.1		1.2		1.0		0.8		0.8
Capitalized development costs		MEUR		1		1		1		1		1
Equity attributable to equity holders of the company		MEUR		447		478		422		403		336		319
Minority interest		MEUR		0.0		0.5		0.0
Equity total		MEUR		447		478		422		403		336		319
Interest bearing debt		MEUR		321		354		147		162		222		200
Non-interest bearing debt		MEUR		202		215		139		138		134		116
Balance sheet total		MEUR		970		1,047		707		703		692		635
Return on investment		%		9		19		18		14		14		12
Return on equity		%		11		25		20		17		16		13
Equity ratio		%		46		46		60		57		49		50
Net gearing		%		69		67		24		35		61		58
Persons employed, average				4,325		3,517		3,167		3,426		3,782		3,782
Persons employed, Dec 31				4,119		4,515		3,003		3,220		3,448		3,448
of which outside Finland				2,397		2,662		2,224		2,377		2,533		2,533

Discontinued operations include Power Sentry in 2006 and 2005 and Syroco in 2004.

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