Annual financials
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| INCOME STATEMENT | 2011 | 2010 | 2009 | 2008 | 2007 | ||||
| NET SALES | 74,323 | 62,867 | 36,638 | 98,466 | 110,799 | ||||
| Other operating income | 168 | 4,580 | 153 | 95 | 461 | ||||
| Increase or decrease in inventories of | |||||||||
| finished goods and work in progress | -184 | 351 | 795 | 404 | 42 | ||||
| Total operating expenses | -75,045 | -66,487 | -47,281 | -92,624 | -102,695 | ||||
| OPERATING PROFIT (LOSS) | -738 | 1,311 | -9,695 | 6,341 | 8,607 | ||||
| Financial income and expenses | -388 | -189 | -195 | 539 | 369 | ||||
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PROFIT (LOSS) BEFORE TAX |
-1,126 |
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| Income taxes | 30 | 36 | 1,749 | -2,157 | -2,375 | ||||
| PROFIT (LOSS) FOR THE PERIOD | -1,095 | 1,158 | -8,141 | 4,723 | 6,601 | ||||
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| BALANCE SHEET Dec 31 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||
| ASSETS | |||||||||
| Non-current assets | 12,598 | 12,599 | 15,325 | 14,491 | 14,263 | ||||
| Current assets | 40,067 | 40,435 | 42,062 | 45,689 | 40,537 | ||||
| TOTAL ASSETS | 52,666 | 53,034 | 57,387 | 60,180 | 54,800 | ||||
| SHAREHOLDERS' EQUITY AND LIABILITIES | |||||||||
| Minority interest | |||||||||
| Total shareholders' equity | 22,069 | 24,227 | 23,053 | 34,321 | 33,194 | ||||
| Total liabilities | 30,597 | 28,807 | 34,334 | 25,859 | 21,606 | ||||
| TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES | 52,666 | 53,034 | 57,387 | 60,180 | 54,800 | ||||
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| CASH FLOW STATEMENT | 2011 | 2010 | 2009 | 2008 | 2007 | ||||
| Operating activities | 2,531 | -6,114 | 5,619 | 6,903 | -10,214 | ||||
| Investing activities | -1,748 | 4,370 | -955 | -3,080 | -728 | ||||
| Financing activities | 846 | -2,316 | 2,134 | 6,001 | -1,780 | ||||
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 1,629 | -4,060 | 6,798 | 9,824 | -12,723 | ||||
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| FINANCIAL DEVELOPMENT | 2011 | 2010 | 2009 | 2008 | 2007 | ||||
| Net sales | 74,323 | 62,867 | 36,638 | 98,466 | 110,799 | ||||
| Change in net sales, % | 18.2 | 71.6 | -62.8 | -11.1 | 4.3 | ||||
| Exported portion of net sales | 65,432 | 57,773 | 30,466 | 82,666 | 96,759 | ||||
| % of net sales | 88.0 | 91.9 | 83.2 | 84.0 | 87.3 | ||||
| Opertaing profit (loss) | -738 | 1,311 | -9,695 | 6,341 | 8,607 | ||||
| % of net sales | -1 | 2.1 | -26.5 | 6.4 | 7.8 | ||||
| Profit (loss) before tax | -1,126 | 1,122 | -9,890 | 6,880 | 8,976 | ||||
| % of net sales | -2 | 1.8 | -27.0 | 7.0 | 8.1 | ||||
| Protit (loss) for the financial year | -1,095 | 1,158 | -8,141 | 4,723 | 6,601 | ||||
| % of net sales | -1 | 1.8 | -22.2 | 4.8 | 6.0 | ||||
| Return on investment (ROI), % | -0.1 | 5.1 | -21.6 | 19.4 | 29.2 | ||||
| Return on equity (ROE), % | -4.7 | 4.9 | -28.4 | 14.0 | 21.1 | ||||
| Balance sheet total | 52,666 | 53,034 | 57,387 | 60,180 | 54,800 | ||||
| Interest-bearing net liabilities | -10,397 | -9,651 | -9,366 | -10,653 | -10,794 | ||||
| % of net sales | -14.0 | -15.4 | -25.6 | -10.8 | -9.7 | ||||
| Non-interest bearing liabilities | 15,320 | 14,368 | 15,801 | 15,402 | 21,116 | ||||
| Equity ratio, % | 46.9 | 50.7 | 46.0 | 60.5 | 70.3 | ||||
| Gearing, % | -47.1 | -39.8 | -40.6 | -31.0 | -32.5 | ||||
| Gross capital expenditure | 1,884 | 2,224 | 1,095 | 3,242 | 1,869 | ||||
| % of net sales | 2.5 | 3.5 | 3.0 | 3.3 | 1.7 | ||||
| Research and development costs* | 2,020 | 1,849 | 2,470 | 4,375 | 3,969 | ||||
| % of net sales | 2.7 | 2.9 | 6.7 | 4.4 | 3.6 | ||||
| Order book | 36 | 33 | 22 | 24 | 56 | ||||
| Order intake | 77 | 72 | 35 | 67 | 90 | ||||
| Personnel at Dec. 31 | 464 | 495 | 524 | 573 | 570 | ||||
| Personnel, effective, on average | 457 | 438 | 419 | 569 | 560 | ||||
| Personnel, average | 475 | 512 | 542 | 585 | 575 | ||||
| SHARE-RELATED DATA | 2011 | 2010 | 2009 | 2008 | 2007 | ||||
| Earning per share, EUR | -0.27 | 0.29 | -2.03 | 1.18 | 1.65 | ||||
| Equity to share, EUR | 5.51 | 6.05 | 5.76 | 8.57 | 8.29 | ||||
| Dividend per share, EUR | 0,30* | 0.30 | 0.00 | 0.70 | 1.00 | ||||
| Dividend per profit, % | -109,7* | 103.8 | 0.0 | 59.4 | 60.7 | ||||
| Effective dividend yield, % | 4,8* | 3.1 | 0.0 | 10.9 | 7.0 | ||||
| Profit/earnings ratio (P/E ratio) | -22.67 | 33.55 | -3.67 | 5.43 | 8.71 | ||||
| Share price development (series A shares) | |||||||||
| Lowest share price for the financial year, EUR | 6.05 | 7.24 | 6.50 | 6.24 | 12.40 | ||||
| Highest share price for the financial year, EUR | 11.55 | 10.10 | 8.90 | 15.20 | 15.45 | ||||
| Average share price for the financial year, EUR | 8.57 | 8.21 | 7.29 | 12.37 | 13.85 | ||||
| Share price at Dec. 31, EUR | 6.20 | 9.70 | 7.47 | 6.40 | 14.35 | ||||
| Market value of capital stock at Dec. 31, EUR 1 000* | 24,829 | 38,846 | 29,916 | 25,630 | 57,468 | ||||
| Trading in the company's shares (series A shares) | |||||||||
| Shares traded during the financial year, 1 000 shares | 522 | 646 | 455 | 393 | 981 | ||||
| % of the number of series A shares | 17.3 | 21.4 | 15.1 | 13.0 | 32.5 | ||||
| Total number of shares | |||||||||
| Issue-adjusted weighted average number of shares | 4,004,758 | 4,004,758 | 4,003,183 | 4,004,758 | 4,004,758 | ||||
| Issue-adjusted number of shares at Dec 31. | 4,004,758 | 4,004,758 | 4,004,758 | 4,004,758 | 4,004,758 | ||||
| *Board of Directors' proposal to the AGM to be held on April 16, 2012. | |||||||||
| **Series K shares valued at the value of series A shares. | |||||||||