Financial information 2007

Key Figures Income Statement Balance Sheet Statement of Cash Flows

Five Years in Figures

				IFRS		IFRS		IFRS		IFRS		FAS		FAS
				2007		2006		2005		2004		2004		2003
Net sales		MEUR		658		535		510		566		597		620
of which outside Finland		MEUR		553		487		466		523		556		583
in percent of net sales		%		84.1		91.0		91.5		92.5		93.2		93.9
export from Finland		MEUR		79		59		55		56		56		53
Percentage change of net sales		%		23.0		4.9		-9.8		-8.8		-3.7		-14.5
Earnings before depreciation and amortization and income from associate		MEUR		89		56		53		77		64		-19
in percent of net sales		%		13.6		10.4		10.3		13.6		10.7		-3.0
Income from associate Wärtsilä		MEUR		43		59		29		27
Operating profit		MEUR		110		86		23		79		39		-52
in percent of net sales		%		16.6		16.0		4.5		13.9		6.5		-8.4
Financial items net		MEUR		-11		-9		43		-4		-3		22
in percent of net sales		%		-1.6		-1.7		8.4		-0.7		-0.5		3.5
Profit before taxes		MEUR		122		77		65		75		57		-30
in percent of net sales		%		18.6		14.3		12.8		13.3		9.5		-4.8
Income tax (continuing operations)		MEUR		12		10		7		15		12		-17
Profit from discontinued operations		MEUR		0.0		15		4		-5
Profit for the period attributable to the equity holders of the parent company		MEUR		110		82		62		55		45		-13
in percent of net sales		%		16.7		15.3		12.2		9.6		7.5		-2.1
Minority interest		MEUR		0		0
Employee benefits		MEUR		140		121		126		138		146		151
Depreciation and write-offs		MEUR		23		29		59		25		25		33
in percent of net sales		%		3.5		5.3		11.5		4.4		4.2		5.4
Capital expenditure (incl. acquisitions)		MEUR		221		41		61		42		41		38
in percent of net sales		%		33.5		7.6		12.0		7.5		6.9		6.1
Research and development costs		MEUR		7		6		5		5		5		4
in percent of net sales		%		1.1		1.1		1.0		0.8		0.8		0.7
Capitalized development costs		MEUR		0		1		1		1
Shareholders' equity attributable to equity holders of the parent company		MEUR		478		422		403		336		319		348
Minority interest		MEUR		0		0
Shareholders' equity total		MEUR		478		422		403		336		319		348
Interest bearing debt		MEUR		354		147		162		222		200		216
Non-interest bearing debt		MEUR		215		139		138		134		116		115
Balance sheet total		MEUR		1,047		707		703		692		635		678
Return on investment		%		19		18		14		14		12		-3
Return on equity		%		25		20		17		16		13		-3
Equity ratio		%		46		60		57		49		50		51
Net gearing		%		67		24		35		61		58		57
Persons employed, average				3,324		3,167		3,426		3,782		3,782		3,633
Persons employed, Dec 31				4,515		3,003		3,220		3,448		3,448		3,877
of which outside Finland				2,662		2,224		2,377		2,533		2,533		3,004

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