Key figures

YEAR 2016

• Net sales for the financial period were EUR 60.1 (76.5) million.
• The adjusted operating result was EUR 1.2 (12.0) and the operating result -10.1 (11.7) million.
• The adjusted result for the period was EUR -4.2 (0.6) million and the result EUR -6.3 (0.2) million.
• Cash flow after investments for the financial period was EUR -0.9 million (6.3) and the company’s cash and cash equivalents were EUR 3.5 (31 December 2015: 6.4) million. Financial situation remains tight.
• Earnings per share were EUR -0.05 (0.00).


2016 2015 2014 2013 2012






Net sales, MEUR 60.1 76.5 74.0 73.9 73.4
Net sales, change % -21.4 3.4 0.1 0.7 17.9
Adjusted operating result, MEUR ¹ 1.2 12.0 3.7 3.3 -4.9
Operating result, MEUR -10.1 11.7 3.3 1.6 -12.4
as % of net sales -16.8 15.2 4.4 2.2 -16.9
Profit before taxes, MEUR -5.6 7.8 -2.4 4.1 -13.7
Adjusted result for the period, MEUR ² -4.2 0.6 -8.9 -0.8 -9.5
Result for the period, MEUR -6.3 0.2 -9.3 -2.5 -17.0
Earnings per share, basic, EUR -0.05 0.00 -0.08 -0.02 -0.16
Order book, MEUR 24.9 26.8 38.9 45.0 54.2
Cash flow after investments, MEUR -0.9 6.3 -1.8 -4.6 1.3
Change in cash and cash equivalents, MEUR -3.0 4.2 -4.2 -3.8 4.8
Cash and cash equivalents, MEUR 3.5 6.4 2.5 6.6 11.3
Equity ratio % 17.9 23.9 22.5 30.3 40.2
Net gearing % 195.6 145.2 172.7 113.4 50.0
Personnel at the end of the period 818 934 993 1,059 1,116






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 other one-time costs.

The adjusted results from the comparison periods have been adjusted to be equivalent with the financial year 2016.


With reference to the new guidelines on alternative performance measures issued by the European Securities and Markets Authority (ESMA), Tecnotree uses the alternative performance measures “adjusted operating result” and “adjusted result for the period”. These measures are defined in the footnote to the above table, and in the table “Income statement, Key figures” under the section “Result analysis”.