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Key financial indicators and key figures per share



2017 2016 2015 2014 2013







Consolidated income statement
Net sales, EUR million 55.1 60.1 76.5 74.0 73.9

change % -8.3 -21.4 3.4 0.1 0.7
Adjusted operating result, EUR million ¹ 9.8 1.2 12.0 3.7 3.3

% of net sales 17.8 2.1 15.7 5.0 4.5
Operating profit, EUR million -8.0 -10.1 11.7 3.3 1.6

% of net sales -14.5 -16.8 15.2 4.4 2.2
Profit before taxes, EUR million -10.5 -5.6 7.8 -2.4 4.1

% of net sales -19.1 -9.4 10.2 -3.2 5.6
Adjusted result for the period ² 2.3 -4.2 0.6 -8.9 -0.8

% of net sales 4.1 -7.0 0.7 -12.0 -1.1
Profit for the period, EUR million -15.5 -6.3 0.2 -9.3 -2.5

% of net sales -28.1 -10.5 0.3 -12.6 -3.4







Consolidated balance sheet
Non-current assets, EUR million 3.6 22.4 23.7 22.8 22.0
Current assets





Inventories, EUR million 0.5 0.9 0.5 0.5 0.6

Trade and other receivables, EUR million 25.5 33.0 43.9 49.0 41.9

Investments and cash equivalents, EUR million 2.3 3.5 6.4 2.6 7.2
Shareholders' equity, EUR million -6.1 10.7 17.8 16.9 21.7
Liabilities





Non-current liabilities, EUR million 24.2 32.8 2.2 1.2 21.6

Current liabilities, EUR million 13.7 16.3 54.6 53.5 25.3

Deferred tax liabilities, EUR million


3.4 3.0
Balance sheet total, EUR million 31.8 59.8 74.6 75.0 71.6







Financial indicators
Return on equity (ROE), % -674.3 -43.9 1.4 -48.2 -9.1
Return on investment (ROI), % -32.2 -7.6 24.7 7.1 11.9
Equity ratio, % -19.1 17.9 23.9 22.5 30.3
Debt/equity ratio (net gearing), % -261.2 195.6 145.2 172.7 113.4
Investments, EUR million 0.2 0.3 1.2 0.7 0.6

% of net sales 0.5 0.5 1.9 1 0.8
Research and development, EUR million 6.0 6.5 13.0 12.0 14

% of net sales 10.8 10.8 21.6 16.2 19.0

% total expenses (above operating result) 9.4 9.2 20.0 16.9 19.3
Order book, EUR million 26.2 24.9 26.8 38.9 45.0
Personnel, average 727 895 950 1,038 1067
Personnel at the end of the year 666 818 934 993 1059























2017 2016 2015 2014 2013







Key ratios per share
Earnings per share, EUR (basic) -0.13 -0.05 0.00 -0.08 -0.02
Earnings per share, EUR (diluted) -0.13 -0.05 0.00 -0.08 -0.02
Equity per share, EUR -0.05 0.09 0.14 0.14 0.18
Number of shares at the end of the period, 1,000 shares 122,628 122,628 122,628 122,628 122,564
Average number of shares, 1,000 shares 122,628 122,628 122,628 122,605 122,551
Number of own shares on 1 Jan, 1,000 shares 0 0 0 65 135
Numer of disposed own shares, 1,000 shares 0 0 0 65 70.096
Number of own shares on 31 Dec, 1,000 shares 0 0 0 0 65
Share price, EUR





Average price 0.09 0.11 0.11 0.19 0.21

Lowest price 0.07 0.09 0.07 0.13 0.15

Highest price 0.13 0.17 0.20 0.26 0.29
Share price at the end of the period, EUR 0.07 0.10 0.10 0.14 0.21
Market value at the end of the period, EUR million 8.6 12.2 12.5 17.0 25.8
Share turnover, million shares 63.3 29.7 69.1 44.561 72.4
Share turnover, % of total number 51.6 24.3 56.4 36.3 59.0
Share turnover, EUR million 5.5 3.5 7.5 8.7 15.5
Dividend per share, EUR ³




Dividend/result, %




Effective dividend yield, %




P/E ratio, % 0.0 -2.0 -2.0 51.7 -10.3







¹ Adjusted operating result = operating result before one-time items. Adjusted operating result included in 2017 write-down of goodwill EUR 16.7 million and personnel related redundancies EUR 1.1 million.

² Adjusted result for the period = result for the period without one-time items.

³ The Board of Directors proposes, that no dividend be paid for the financial year ended 31 December 2017. No dividend was paid either for the financial years ended 31 December 2016, 31 December 2015, 31 December 2014 and 31 December 2013.