Financials 2018

Net sales,
EUR million

Comparable EBITA
EUR million

Earnings per share,
EUR

1,118.5

121.7

1.00

Cash flow from operating activities
before financial items and taxes
EUR million

Equity to assets ratio Personnel
 

136.8

70%

7,304

 

5 years in figures

Five years in figures

    2018 2017 2016 2015 2014

Net sales EUR million 1,118.5 1,185.5 1,204.6 1,107.1 767.5
   of which outside Finland EUR million 1,006.6 1,073.1 1,102.0 849.4 632.8
   in percent of net sales    % 90,0 90.5 81.1 76.7 82.5
   export from Finland EUR million 19,5 22.8 24.3 57.1 61.8
Percentage change of net sales    % -5.6 -1.6 8.8 44.3 -3.9

Gross profit EUR million 485.1 512.2 502.9 420.2 310.4
   in percent of net sales    % 43.4 43.2 41.7 38.0 40.4
EBITA* EUR million 112.5 113.2 96.7 62.1  
   in percent of net sales    % 10.1 9.5 8.0 5.6  

Comparable EBITA* EUR million 122 119 107 75.7  

Share of profit from associates EUR million         30.0
Change in fair value of biological assets EUR million 2.0 0.7 -0.5 -0.2 -0.3
Financial items net EUR million 9.4 119.3 10.5 79.3 714.3
   in percent of net sales    % 0.8 10.1 0.9 7.2 93.1
Profit before taxes EUR million 103.0 217.8 92.8 125.5 786.7
   in percent of net sales    % 9.2 18.4 7.7 11.3 102.5
Income tax EUR million 21.1 -50.8 -27.4 -39.2 -13.4

Profit for the period attributable to the equity
holders of the company
EUR million 81.6 166.4 64.1 85.1 773.1
   in percent of net sales    % 7.3 14.0 5.3 7.7 100.7
Non-controlling interests' share of profit EUR million 0.2 0.7 1.3 1.2 0.2

Employee benefits EUR million 307.9 315.3 337.1 291.3 209.8
Depreciation, amortization and impairment EUR million 43.8 38.8 37.4 42.8 28.5
   in percent of net sales    % 3.9 3.3 3.1 3.9 3.7
Cash flow from operating activities EUR million 105.9 103.8 83.8 47.6 87.0
Capital expenditure EUR million 46.2 32.8 37.6 32.4 35.0
   in percent of net sales    % 4.1 2.8 3.1 2.9 4.6
Research and development costs in income statement EUR million 18.4 18.8 18.0 18.0 14.6
   in percent of net sales    % 1.6 1.6 1.5 1.6 1.9
Capitalized development costs EUR million 0.0 0.0 0.0 0.0 0.5

Equity attributable to equity holders of the company EUR million 1,207.0 1,269.4 1,218.1 1,190.8 1,151.9
Non-controlling interest EUR million 2.7 2.8 1.9 3.3 1.3
Equity total EUR million 1,209.7 1,272.1 1,220.1 1,194.0 1,153.2
Net interest-bearing debt EUR million 135.4 147.7 152.4 249.4 121.3
Working capital EUR million 197.0 195.9 217.8 190.5 93.3
Balance sheet total EUR million 1,719.2 1,837.9 1,760.1 1,833.3 1,589.5

Return on investment    % 7.9 15.4 6.8 8.4 73.8
Return on equity    % 6.6 13.4 5.4 7.4 86.6
Equity ratio    % 70.4 69.3 69.3 65.1 72.6
Net gearing    % 11.2 11.6 12.5 20.9 10.5

Personnel (FTE), average   7,304 7,709 8,000 6,303 4,243
Personnel, end of period   7,706 7,932 8,560 9,003 4,832
   of which outside Finland   6,581 6,806 7,336 7,715 3,300

 

 

* EBITA has been published only since 2016, no figures for 2013-2014 available