Annual Report 2019
Report by the Board of Directors
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Financial Performance in January-December 2019

Consolidated statement of comprehensive income, MEUR 2019 2018
  12 months 12 months 
     Net sales 75.2 62.8
     Operating profit / loss 6.3 2.8
     Financial income and expenses -0.4 -0.1
     Result before tax 5.9 2.7
Result for the period 7.6 4.0
Total comprehensive income for the period 7.7 4.1
     
Result for the period attributable to:    
     Equity holders of the parent 7.6 4.0
Total comprehensive income for the period attributable to:    
     Equity holders of the parent 7.7 4.1
     
Earnings per share from continuing operations, EUR 0.214 0.113
  • Cash flow from operating activities was EUR 9.6 million (EUR -0.5 million).

  • Net cash flow during the period was EUR 4.3 million. As the most significant items the net cash flow includes withdrawing a EUR 20.0 million bank loan, EUR 15.6 million investments made into own product development and the EUR 5.4 million dividend payment (EUR -32.0 million, including as the most significant items EUR 15.1 million investments made into ownproduct development and the EUR 10.7 million dividend payment).

  • Equity ratio was 73.4 percent (84.7 percent).

  • Net gearing was -11.2 percent (-26.7 percent).

Half Year Figures

Group's net sales and operating result, MEUR  2H/19 1H/19 2H/18 1H/18
Net sales 42.2 33.1 34.5 28.3
Operating profit (loss) 4.7 1.7 3.7 -0.8
Result before taxes 4.4 1.5 3.5 -0.8
Result for the period 6.1 1.5 4.8 -0.8
         
Distribution of net sales by product and services, MEUR and % 2H/19 1H/19 2H/18 1H/18
Product based netsales 30.8 18.6 19,0 11,8
  73.1 % 56.1 % 54,9 % 41,8 %
Services based net sales 11.4 14.5 15,6 16,5
  27,1 % 43.9 % 45,1 % 58,2 %
Distribution of net sales by market areas, MEUR and %  2H/19 1/19 2H/18 1H/18
Asia 0.1
0.3%
0.2
0.5%
0.4
1.1%
0.5
1.7%

Americas
12.7
30.2%
5.8
17.5%
5.0
14.6%
3.0
10.6%

Europe
29.3
69.6%
27.1
82.0%
29.1
84.3%
24.8
87.7%