Key financial indicators and key figures per share



2016 2015 2014 2013 2012







Consolidated income statement
Net sales, EUR million 60.1 76.5 74.0 73.9 73.4

change % -21.4 3.4 0.1 0.7 17.9
Adjusted operating result, EUR million ¹ 1.2 12.0 3.7 3.3 -4.9

% of net sales 2.1 15.7 5.0 4.5 -6.6
Operating profit, EUR million -10.1 11.7 3.3 1.6 -12.4

% of net sales -16.8 15.2 4.4 2.2 -16.9
Profit before taxes, EUR million -5.6 7.8 -2.4 4.1 -13.7

% of net sales -9.4 10.2 -3.2 5.6 -18.7
Adjusted result for the period ² -4.2 0.6 -8.9 -0.8 -9.5

% of net sales -7.0 0.7 -12.0 -1.1 -12.9
Profit for the period, EUR million -6.3 0.2 -9.3 -2.5 -17.0

% of net sales -10.5 0.3 -12.6 -3.4 -23.2







Consolidated balance sheet
Non-current assets, EUR million 22.4 23.7 22.8 22.0 28.0
Current assets





Inventories, EUR million 0.9 0.5 0.5 0.6 0.6

Trade and other receivables, EUR million 33.0 43.9 49.0 41.9 41.2

Investments and cash equivalents, EUR million 3.5 6.4 2.6 7.2 11.9
Shareholders' equity, EUR million 10.7 17.8 16.9 21.7 32.8
Liabilities





Non-current liabilities, EUR million 32.8 2.2 1.2 21.6 0.4

Current liabilities, EUR million 16.3 54.6 53.5 25.3 45.7

Deferred tax liabilities, EUR million

3.4 3.0 2.8
Balance sheet total, EUR million 59.8 74.6 75.0 71.6 81.8







Financial indicators
Return on equity (ROE), % -43.9 1.4 -48.2 -9.1 -41.3
Return on investment (ROI), % -7.6 24.7 7.1 11.9 -15.2
Equity ratio, % 17.9 23.9 22.5 30.3 40.2
Debt/equity ratio (net gearing), % 195.6 145.2 172.7 113.4 50.0
Investments, EUR million 0.3 1.2 0.7 0.6 0.9

% of net sales 0.5 1.5 1.0 0.8 1.2
Research and development, EUR million 6.5 13.0 12.0 14.0 10.4

% of net sales 10.8 17.0 16.2 19.0 14.2

% total expenses (above operating result) 9.2 20.0 16.9 19.3 12.1
Order book, EUR million 24.9 26.8 38.9 45.0 54.2
Personnel, average 895 950 1,038 1,067 1070
Personnel at the end of the year 818 934 993 1,059 1116























2016 2015 2014 2013 2012







Key ratios per share
Earnings per share, EUR (basic) -0.05 0.00 -0.08 -0.02 -0.16
Earnings per share, EUR (diluted) -0.05 0.00 -0.08 -0.02 -0.16
Equity per share, EUR 0.09 0.14 0.14 0.18 0.27
Number of shares at the end of the period, 1,000 shares 122,628 122,628 122,628 122,564 122,494
Average number of shares, 1,000 shares 122,628 122,628 122,605 122,551 98,264
Number of own shares on 1 Jan, 1,000 shares 0 0 65 135 135
Numer of disposed own shares, 1,000 shares 0 0 65 70 0
Number of own shares on 31 Dec, 1,000 shares 0 0 0 65 135
Share price, EUR





Average price 0.11 0.11 0.19 0.21 0.25

Lowest price 0.09 0.07 0.13 0.15 0.12

Highest price 0.17 0.20 0.26 0.29 0.35
Share price at the end of the period, EUR 0.10 0.10 0.14 0.21 0.17
Market value at the end of the period, EUR million 12.2 12.5 17.0 25.8 20.8
Share turnover, million shares 29.7 69.1 44.6 72.4 49.7
Share turnover, % of total number 24.3 56.4 36.3 59.0 40.5
Share turnover, EUR million 3.5 7.5 8.7 15.5 11.7
Dividend per share, EUR ³




Dividend/result, %




Effective dividend yield, %




P/E ratio, % -2.0 51.7 -1.8 -10.3 -1.0







¹ Adjusted operating result = operating result before one-time costs.

² Adjusted result for the period = result for the period without restructuring gains in financial items and one-time costs in operating costs. The adjusted result for the previous years have been changed so they are equivalent with the financial period.

³ The Board of Directors proposes, that no dividend be paid for the financial year ended 31 December 2016. No dividend was paid either for the financial years ended 31 December 2015, 31 December 2014, 31 December 2013 and 31 December 2012.