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 |
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Cash flow from operating activities was EUR 9.6 million (EUR -0.5 million).
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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).
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Equity ratio was 73.4 percent (84.7 percent).
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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% |