Financial information

Five years in figures, MEUR
 20232022202120202019 
Net sales6,0155,8424,7784,6045,170 
of which outside Finland, %98.399.298.597.998.5 
Exports from Finland2,0601,9751,8451,7021,933 
Personnel on average17,66617,48217,46118,30719,110 
of which in Finland3,9573,8083,6873,7063,868 
Order book6,6945,9065,8595,0575,878 
 
From the consolidated statement of income
 20232022202120202019 
Depreciation, amortisation and impairment193263162174180
Share of result of associates and joint ventures9633-9 
Comparable operating result497325357275457 
as a percentage of net sales, %8.35.67.56.08.8 
Operating result402-26314234362 
as a percentage of net sales, %6.7-0.46.65.17.0 
Comparable adjusted EBITA518349388308498
as a percentage of net sales, %8.66.08.16.79.6 
Financial income and expenses-37-6-18-43-47 
Result before taxes364-32296191315 
as a percentage of net sales, %6.1-0.56.24.26.1 
Result for the financial period269-59193133218 
as a percentage of net sales, %4.5-1.04.02.94.2 
 
From the consolidated statement of financial position
 20232022202120202019 
Non-current assets2,5512,5562,5392,4272,518 
Current assets4,2473,9973,9823,7063,797 
Assets held for sale55429982
Total equity attributable to equity holders of the parent company2,2252,1352,3152,1772,396 
Non-controlling interests81281114 
Interest-bearing debt8589499731,3271,096 
Non interest-bearing liabilities3,7133,4893,2272,6482,824 
Liabilities directly attributable to assets held for sale-22-6868
Total equity and liabilities6,8036,6066,5236,2326,398 
 
From the consolidated statement of cash flows
 20232022202120202019 
Cash flow from operating activities822-62731681232 
Cash flow from investing activities-138-151-128-55-95
Cash flow from financing activities-308-289-580-44-256 
Gross capital expenditure149161143117122 
as percentage of net sales, %2.52.83.02.52.4 
Research and development expenses258241196*153164 
as percentage of net sales, %4.34.14.1*3.33.2 
Dividends paid188153142118284 
 
Financial ratios
 20232022202120202019 
Earnings per share, basic and diluted (EPS), EUR0.44-0.110.330.230.37 
Dividend per share, EUR0.32-0.110.240.200.48 
Dividend per earnings, %73.20.2673.288.2130.8 
Interest coverage9.2-234.915.07.17.7 
Return on investment (ROI), %13.97.39.77.111.5 
Return on equity (ROE), %12.30.18.65.89.0 
Solvency ratio, %37.0-2.638.638.140.8 
Gearing0.020.230.000.180.30 
Equity per share, EUR3.783.623.923.684.05 
Working capital (WCAP), EUR-169179-100257732 

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