| Five years in figures, MEUR | |||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2021 | 2020 | 2019 | |||
| Net sales | 6,015 | 5,842 | 4,778 | 4,604 | 5,170 | ||
| of which outside Finland, % | 98.3 | 99.2 | 98.5 | 97.9 | 98.5 | ||
| Exports from Finland | 2,060 | 1,975 | 1,845 | 1,702 | 1,933 | ||
| Personnel on average | 17,666 | 17,482 | 17,461 | 18,307 | 19,110 | ||
| of which in Finland | 3,957 | 3,808 | 3,687 | 3,706 | 3,868 | ||
| Order book | 6,694 | 5,906 | 5,859 | 5,057 | 5,878 | ||
| From the consolidated statement of income | |||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | |||
| Depreciation, amortisation and impairment | 193 | 263 | 162 | 174 | 180 | ||
| Share of result of associates and joint ventures | 9 | 6 | 3 | 3 | -9 | ||
| Comparable operating result | 497 | 325 | 357 | 275 | 457 | ||
| as a percentage of net sales, % | 8.3 | 5.6 | 7.5 | 6.0 | 8.8 | ||
| Operating result | 402 | -26 | 314 | 234 | 362 | ||
| as a percentage of net sales, % | 6.7 | -0.4 | 6.6 | 5.1 | 7.0 | ||
| Comparable adjusted EBITA | 518 | 349 | 388 | 308 | 498 | ||
| as a percentage of net sales, % | 8.6 | 6.0 | 8.1 | 6.7 | 9.6 | ||
| Financial income and expenses | -37 | -6 | -18 | -43 | -47 | ||
| Result before taxes | 364 | -32 | 296 | 191 | 315 | ||
| as a percentage of net sales, % | 6.1 | -0.5 | 6.2 | 4.2 | 6.1 | ||
| Result for the financial period | 269 | -59 | 193 | 133 | 218 | ||
| as a percentage of net sales, % | 4.5 | -1.0 | 4.0 | 2.9 | 4.2 | ||
| From the consolidated statement of financial position | |||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | |||
| Non-current assets | 2,551 | 2,556 | 2,539 | 2,427 | 2,518 | ||
| Current assets | 4,247 | 3,997 | 3,982 | 3,706 | 3,797 | ||
| Assets held for sale | 5 | 54 | 2 | 99 | 82 | ||
| Total equity attributable to equity holders of the parent company | 2,225 | 2,135 | 2,315 | 2,177 | 2,396 | ||
| Non-controlling interests | 8 | 12 | 8 | 11 | 14 | ||
| Interest-bearing debt | 858 | 949 | 973 | 1,327 | 1,096 | ||
| Non interest-bearing liabilities | 3,713 | 3,489 | 3,227 | 2,648 | 2,824 | ||
| Liabilities directly attributable to assets held for sale | - | 22 | - | 68 | 68 | ||
| Total equity and liabilities | 6,803 | 6,606 | 6,523 | 6,232 | 6,398 | ||
| From the consolidated statement of cash flows | |||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | |||
| Cash flow from operating activities | 822 | -62 | 731 | 681 | 232 | ||
| Cash flow from investing activities | -138 | -151 | -128 | -55 | -95 | ||
| Cash flow from financing activities | -308 | -289 | -580 | -44 | -256 | ||
| Gross capital expenditure | 149 | 161 | 143 | 117 | 122 | ||
| as percentage of net sales, % | 2.5 | 2.8 | 3.0 | 2.5 | 2.4 | ||
| Research and development expenses | 258 | 241 | 196* | 153 | 164 | ||
| as percentage of net sales, % | 4.3 | 4.1 | 4.1* | 3.3 | 3.2 | ||
| Dividends paid | 188 | 153 | 142 | 118 | 284 | ||
| Financial ratios | |||||||
| 2023 | 2022 | 2021 | 2020 | 2019 | |||
| Earnings per share, basic and diluted (EPS), EUR | 0.44 | -0.11 | 0.33 | 0.23 | 0.37 | ||
| Dividend per share, EUR | 0.32 | -0.11 | 0.24 | 0.20 | 0.48 | ||
| Dividend per earnings, % | 73.2 | 0.26 | 73.2 | 88.2 | 130.8 | ||
| Interest coverage | 9.2 | -234.9 | 15.0 | 7.1 | 7.7 | ||
| Return on investment (ROI), % | 13.9 | 7.3 | 9.7 | 7.1 | 11.5 | ||
| Return on equity (ROE), % | 12.3 | 0.1 | 8.6 | 5.8 | 9.0 | ||
| Solvency ratio, % | 37.0 | -2.6 | 38.6 | 38.1 | 40.8 | ||
| Gearing | 0.02 | 0.23 | 0.00 | 0.18 | 0.30 | ||
| Equity per share, EUR | 3.78 | 3.62 | 3.92 | 3.68 | 4.05 | ||
| Working capital (WCAP), EUR | -169 | 179 | -100 | 257 | 732 | ||
The financial ratios include assets and liabilities pertaining to assets held for sale.
* Figure in the comparison period 2021 has been restated to reflect a change in the definition of research and development expenditure.
Related information:
Calculation of financial ratios