| |
2000 |
2001 |
2002 |
2003 |
2004 |
| Result and profitability |
|
|
|
|
|
| Turnover, EURm |
800 |
823 |
843 |
861 |
627 |
| change, % |
4.9 |
2.9 |
2.5 |
2.1 |
–27.1 |
| |
|
|
|
|
|
| International turnover, EURm |
399 |
433 |
443 |
449 |
279 |
| % of turnover |
49.9 |
52.7 |
52.5 |
52.1 |
44.6 |
| |
|
|
|
|
|
| Operating result, EURm |
–32 |
25 |
21 |
–14 |
203 |
| % of turnover |
–4.0 |
3.0 |
2.4 |
–1.7 |
32.4 |
| |
|
|
|
|
|
| Result before extraordinary items, EURm |
–47 |
8 |
9 |
–27 |
198 |
| % of turnover |
–5.8 |
1.0 |
1.1 |
–3.2 |
31.6 |
| |
|
|
|
|
|
| Result before taxes and minority interest, EURm |
–47 |
8 |
9 |
–27 |
198 |
| % of turnover |
–5.8 |
1.0 |
1.1 |
–3.2 |
31.6 |
| |
|
|
|
|
|
| Return on equity, ROE, % |
–14.9 |
1.8 |
2.4 |
–10.9 |
64.8 |
| Return on investment, ROI, % |
–4.2 |
5.5 |
4.5 |
–1.8 |
43.3 |
| |
|
|
|
|
|
| Financial and economical position |
|
|
|
|
|
| Shareholders’ equity and minority interest,
EURm |
260 |
262 |
257 |
217 |
392 |
| Net interest-bearing liabilities, EURm |
325 |
288 |
334 |
312 |
46 |
| Balance sheet total, EURm |
750 |
689 |
749 |
675 |
510 |
| Equity ratio, % |
34.7 |
38.1 |
34.4 |
32.2 |
76.8 |
| Gearing, % |
96.5 |
88.9 |
109.4 |
127.9 |
–42.9 |
| Cash flow from business operations, EURm |
16 |
36 |
45 |
77 |
43 |
| |
|
|
|
|
|
| Other indicators |
|
|
|
|
|
| Gross investments, EURm |
49 |
29 |
81 |
64 |
33 |
| % of turnover |
6.2 |
3.5 |
9.6 |
7.4 |
5.3 |
| |
|
|
|
|
|
| R&D expenditure, EURm |
18 |
18 |
20 |
21 |
14 |
| % of turnover |
2.3 |
2.2 |
2.4 |
2.5 |
2.3 |
| |
|
|
|
|
|
| Average personnel |
2,775 |
2,684 |
2,654 |
2,822 |
2,005 |
Computation of financial indicators
| Return on equity, % (ROE) |
Profit before extraordinary items – taxes

Shareholders’ equity + minority interest (average) |
x 100
|
| Return on investment, % (ROI) |
Profit before extraordinary items
+ interest and other financial expenses

Balance sheet total – interest-free debts (average) |
x 100
|
| Equity ratio, % |
Shareholders’ equity + minority interest

Balance sheet total – advances received |
x 100
|
| Gearing, % |
Net interest-bearing liabilities

Shareholders’ equity + minority interest |
x 100
|
|