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Financials 2017

Net sales,
EUR million

Comparable EBITA
EUR million

Earnings per share,
EUR

1,185.5

119.0

2.04

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

Equity to assets ratio Personnel
(31.12.2017)

130.5

69%

7,932

 

5 years in figures

Five years in figures

    2017 2016 2015 2014 2013

Net sales EUR million 1,185.5 1,204.6 1,107.1 767.5 798.6
   of which outside Finland EUR million 1,073.1 1,102.0 849.4 632.8 657.6
   in percent of net sales    % 90.5 81.1 76.7 82.5 82.3
   export from Finland EUR million 22.8 24.3 57.1 61.8 66.2
Percentage change of net sales    % -1.6 8.8 44.3 -3.9 6.8

Gross profit EUR million 512.2 502.9 420.2 310.4 323.2
   in percent of net sales    % 43.2 41.7 38.0 40.4 40.5
EBITA* EUR million 113.2 96.7 62.1    
   in percent of net sales    % 9.5 8.0 5.6    

Comparable EBITA* EUR million 119.0 107.1 75.7    

Share of profit from associates EUR million       30.0 50.8
Change in fair value of biological assets EUR million 0.7 -0.5 -0.2 -0.3 0.7
Financial items net EUR million 119.3 10.5 79.3 714.3 -4.2
   in percent of net sales    % 10.1 0.9 7.2 93.1 -0.5
Profit before taxes EUR million 217.8 92.8 125.5 786.7 108.3
   in percent of net sales    % 18.4 7.7 11.3 102.5 13.6
Income tax EUR million -50.8 -27.4 -39.2 -13.4 -14.3

Profit for the period attributable to the equity
holders of the company
EUR million 166.4 64.1 85.1 773.1 93.7
   in percent of net sales    % 14.0 5.3 7.7 100.7 11.7
Non-controlling interests' share of profit EUR million 0.7 1.3 1.2 0.2 0.3

Employee benefits EUR million 315.3 337.1 291.3 209.8 202.1
Depreciation, amortization and impairment EUR million 38.8 37.4 42.8 28.5 29.2
   in percent of net sales    % 3.3 3.1 3.9 3.7 3.7
Cash flow from operating activities EUR million 103.8 83.8 47.6 87.0 81.0
Capital expenditure EUR million 32.8 37.6 32.4 35.0 37.5
   in percent of net sales    % 2.8 3.1 2.9 4.6 4.7
Research and development costs in income statement EUR million 18.8 18.0 18.0 14.6 13.3
   in percent of net sales    % 1.6 1.5 1.6 1.9 1.7
Capitalized development costs EUR million 0.0 0.0 0.0 0.5 0.7

Equity attributable to equity holders of the company EUR million 1,269.4 1,218.1 1,190.8 1,151.9 631.8
Non-controlling interest EUR million 2.8 1.9 3.3 1.3 0.9
Equity total EUR million 1,272.1 1,220.1 1,194.0 1,153.2 632.7
Net interest-bearing debt EUR million 147.7 152.4 249.4 121.3 152.6
Working capital EUR million 195.9 217.8 190.5 93.3 88.3
Balance sheet total EUR million 1,837.9 1,760.1 1,833.3 1,589.5 1,039.1

Return on investment    % 15.4 6.8 8.4 73.8 15.1
Return on equity    % 13.4 5.4 7.4 86.6 15.0
Equity ratio    % 69.3 69.3 65.1 72.6 60.9
Net gearing    % 11.6 12.5 20.9 10.5 24.1

Personnel (FTE), average   7,709 8,000 6,303 4,243 4,087
Personnel, end of period   7,932 8,560 9,003 4,832 4,330
   of which outside Finland   6,806 7,336 7,715 3,300 2,748

 

 

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