Notes to the Consolidated Financial Statement

 

30. The group's key financial ratios 

 

€ 000

2010

2009

2008

2007

2006

 

 

 

 

 

 

Extent of business

 

 

 

 

 

Net sales, € 000

130,825

120,335

123,203

105,839

84,968

  - change on previous year, %

9%

-2%

16%

25%

40%

Gross capital expenditure, € 000

1,965

1,342

2,512

1,979

1,876

  - % of net sales

2%

1%

2%

2%

2%

Capitalisation for research and development 

-

-

-

-

256

  - % of net sales

0%

0%

0%

0%

0%

Number of personnel, 31 December

1,558

1,471

1,337

1,155

1,087

Average number of personnel

1,508

1,387

1,314

1,116

981

 

 

 

 

 

 

Profitability

 

 

 

 

 

Operating profit, € 000

17,164

-7,796

13,437

11,080

8,354

  - % of net sales

13%

-6%

11%

10%

10%

Net profit, € 000

17,164

-13,664

7,409

5,871

4,867

  - % of net sales

13%

-11%

6%

6%

6%

Return on equity, %

18%

-21%

11%

9%

8%

Return on investment, %

19%

-7%

11%

9%

9%

 

 

 

 

 

 

Financing and financial standing

 

 

 

 

 

Loans from financial institutions, € 000

23,316

30,429

56,950

56,413

56,664

Cash and cash equivalents, € 000

9,682

10,469

18,879

11,739

11,506

Gearing, %

20%

34%

53%

65%

72%

Equity ratio, %

59%

52%

47%

47%

44%

Cash flow from operations, € 000

11,066

20,232

15,473

6,157

5,756

Dividends (paid), € 000

2,885

1,025

2,041

1,625

930

Earnings per share, EUR undiluted

0.56

-0.67

0.36

0.29

0.25

Earnings per share, EUR diluted

0.56

-0.67

0.36

0.29

0.25

Equity per share 

3.23

2.79

3.46

3.32

3.10

Dividend per share (proposal for 2010)

0.27

0.14

0.05

0.10

0.08

Dividend payout ratio

48%

-

14%

35%

32%

Effective dividend yield

5%

4%

3%

3%

2%

Price/earnings ratio (P/E)

8.98

-

5.17

10.39

13.70

Lowest share price

3.38

1.39

1.73

2.93

3.00

Highest share price

5.89

3.88

3.35

4.26

4.97

Average share price

5.01

2.72

2.83

3.77

3.75

Market capitalisation

104,949

71,528

38,788

61,079

69,669

Trading volume, shares

7,260,278

9,123,589

7,321,002

9,583,795

13,899,149

Trading volume, %

35%

45%

36%

47%

71%

           

 

The weighted average number of shares during the accounting period, adjusted for share issues, was 20,855,020. The diluted weighted average number of shares during the period was 20,860,207. The number of shares outstanding at the end of the accounting period was 20,643,942. At the end of the fiscal year the company held 129,964 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 90,739 of these shares. The buyback program was terminated by the Board at its meeting on 3 February 2009.