ANNUAL REPORT 2013

FINANCIALS

FINANCIAL INDICATORS


Five years in figures





2013 2012 2011 2010 2009
Net sales EUR million 798.6 747.8 742.5 715.9 660.3

of which outside Finland EUR million 657.6 579.1 568.5 549.9 518.7

in percent of net sales % 82.3 77.4 76.6 76.8 78.6

export from Finland EUR million 66.2 54.5 69.1 77.9 89.3
Percentage change of net sales % 6.8 0.7 3.7 8.4 -5.3
Gross profit EUR million 323.2 274.6 259.2 253.6 221.1

in percent of net sales % 40.5 36.7 34.9 35.4 33.5
Operating profit (EBIT) EUR million 61.0 63.9 52.8 49.1 39.5

in percent of net sales % 7.6 8.5 7.1 6.9 6.0
Operating profit excluding non-recurring items EUR million 74 63 62 60 40
Share of profit from associates EUR million 50.8 47.8 42.7 65.9 66.5
Change in fair value of biological assets EUR million 0.7 5.6 -1.0 -2.2 -0.4
Financial items net EUR million -4.2 83.2 67.4 -6.3 -14.2

in percent of net sales % -0.5 11.1 9.1 -0.9 -2.2
Profit before taxes EUR million 108.3 200.4 161.8 106.7 91.4

in percent of net sales % 13.6 26.8 21.8 14.9 13.8
Income tax (continuing operations) EUR million -14.3 -21.5 -5.5 -12.4 -7.9
Profit for the period attributable to the equity holders of the company EUR million 93.7 178.9 156.3 94.3 83.5

in percent of net sales % 11.7 23.9 21.1 13.2 12.7
Non-controlling interests' share of profit EUR million 0.3


-0.0
Employee benefits EUR million 202.1 173.3 171.7 172.8 165.3
Depreciation, amortization and impairment EUR million 29.2 21.9 21.5 34.9 28.1

in percent of net sales % 3.7 2.9 2.9 4.9 4.3
Cash flow from operating activities EUR million 81.0 95.0 107.4 92.6 121.0
Capital expenditure (incl. acquisitions) EUR million 37.5 32.7 24.4 18.5 14.5

in percent of net sales % 4.7 4.4 3.3 2.6 2.2
Research and development costs in income statement EUR million 13.3 10.3 8.6 8.5 8.9

in percent of net sales % 1.7 1.4 1.2 1.2 1.3
Capitalized development costs EUR million 0.7 1.1 1.5 1.3 0.4
Equity attributable to equity holders of the company EUR million 631.8 618.9 554.3 553.5 504.8
Non-controlling interest EUR million 0.9



Equity total EUR million 632.7 618.9 554.3 553.5 504.8
Net interest bearing liabilities EUR million 152.6 72.4 150.8 200.0 235.7
Working capital EUR million 88.3 71.4 82.7 101.2 102.6
Balance sheet total EUR million 1,039.1 935.4 940.2 979.0 973.3
Return on investment % 15.1 28.9 22.6 14.8 13.6
Return on equity % 15.0 30.5 28.2 17.8 17.6
Equity ratio % 60.9 66.2 59.0 56.5 51.9
Net gearing % 24.1 11.7 27.2 36.1 46.7
Personnel (FTE), average
4,087 3,364 3,545 3,612 3,867
Personnel, end of period
4,330 3,449 3,574 3,944 3,742

of which outside Finland
2,748 1,839 2,072 1,904 2,111