Notes to the Consolidated Financial Statement

 

30. The group's key financial ratios 

€ 000

2011

2010

2009

2008

2007

 

 

 

 

 

 

Extent of business

 

 

 

 

 

Net sales, € 000

121,940

130,825

120,335

123,203

105,839

  - change on previous year, %

-6.8%

9%

-2%

16%

25%

Gross capital expenditure, € 000

2,733

1,965

1,342

2,512

1,979

  - % of net sales

2%

2%

1%

2%

2%

Capitalisation for research and development 

-

-

-

-

-

  - % of net sales

0%

0%

0%

0%

0%

Number of personnel, 31 December

1,175

1,558

1,471

1,337

1,155

Average number of personnel

1,453

1,508

1,387

1,314

1,116

 

 

 

 

 

 

Profitability

 

 

 

 

 

Operating profit, € 000

-22,168

17,164

-7,796

13,437

11,080

  - % of net sales

18%

13%

-6%

11%

10%

Net profit, € 000

-22,452

17,164

-13,664

7,409

5,871

  - % of net sales

-18%

13%

-11%

6%

6%

Return on equity, %

-42%

18%

-21%

11%

9%

Return on investment, %

-29%

19%

-7%

11%

9%

 

 

 

 

 

 

Financing and financial standing

 

 

 

 

 

Loans from financial institutions, € 000

21,872

23,316

30,429

56,950

56,413

Cash and cash equivalents, € 000

8,170

9,682

10,469

18,879

11,739

Gearing, %

34%

20%

34%

53%

65%

Equity ratio, %

48%

59%

52%

47%

47%

Cash flow from operations, € 000

8,842

11,066

20,232

15,473

6,157

Dividends (paid), € 000

5,577

2,885

1,025

2,041

1,625

Earnings per share, EUR undiluted

-1.08

0.56

-0.67

0.36

0.29

Earnings per share, EUR diluted

-1.08

0.56

-0.67

0.36

0.29

Equity per share 

1.90

3.23

2.79

3.46

3.32

Dividend per share (2012 proposal) *

0.10

0.27

0.14

0.05

0.10

Dividend payout ratio

-

48%

-

14%

35%

Effective dividend yield

4%

5%

4%

3%

3%

Price/earnings ratio (P/E)

-

8.98

-

 5.17

10.39

Lowest share price

2.30

3.38

1.39

1.73

2.93

Highest share price

5.79

5.89

3.88

3.35

4.26

Average share price

3.88

5.01

2.72

2.83

3.77

Market capitalisation

50,519

104,949

71,528

38,788

61,079

Trading volume, shares

7,135,305

7,260,278

9,123,589

7,321,002

9,583,795

Trading volume, %

34%

35%

45%

36%

47%

           

* Dividends for 2011 will be paid in 2012 in the form of a repayment of capital.


The weighted average number of shares during the accounting period, adjusted for share issues, was 20,701,877. The diluted weighted average number of shares during the period was 20,701,877. The number of shares outstanding at the end of the accounting period was 20,716,069. At the end of the fiscal year the company held 159,576 own shares. The company has financed the purchase of 300,000 own shares for use in the incentive schemes for key personnel. At the end of the review period, Evli Bank held 29,612 of these shares. The buyback programme was terminated by the Board at its meeting on 3 February 2009.