Search

Key figures

YEAR 2017

 

  • Net sales for the financial period were EUR 55.1 (60.1) million.
  • The adjusted operating result was EUR 9.8 (1.2) and the operating result -8.0 (-10.1) million.
  • The adjusted result for the period was EUR 2.3 (-4.2) million and the result EUR -15.5 (-6.3) million.
  • Cash flow after investments for the financial period was EUR 4.8 million (-0.9) and the company’s cash and cash equivalents were EUR 2.3 (3.5) million.
  • Earnings per share were EUR -0.13 (-0.05).
  • One-time goodwill write down EUR 16.7 million and EUR 1.1 million related to redundancies.

2017 2016 2015 2014 2013






Net sales, MEUR 55.1 60.1 76.5 74.0 73.9
Net sales, change % -8.3 -21.4 3.4 0.1 0.7
Adjusted operating result, MEUR ¹ 9.8 1.2 12.0 3.7 3.3
Operating result, MEUR -8.0 -10.1 11.7 3.3 1.6
as % of net sales -14.5 -16.8 15.2 4.4 2.2
Profit before taxes, MEUR -10.5 -5.6 7.8 -2.4 4.1
Adjusted result for the period, MEUR ² 2.3 -4.2 0.6 -8.9 -0.8
Result for the period, MEUR -15.5 -6.3 0.2 -9.3 -2.5
Earnings per share, basic, EUR -0.13 -0.05 0.00 -0.08 -0.02
Order book, MEUR 26.2 24.9 26.8 38.9 45.0
Cash flow after investments, MEUR 4.8 -0.9 6.3 -1.8 -4.6
Change in cash and cash equivalents, MEUR -0.9 -3.0 4.2 -4.2 -3.8
Cash and cash equivalents, MEUR 2.3 3.5 6.4 2.5 6.6
Equity ratio % -19.1 17.9 23.9 22.5 30.3
Net gearing % -261.2 195.6 145.2 172.7 113.4
Personnel at the end of the period 666 818 934 993 1,059




1 Adjusted operating result = operating result before one-time items.

2 Adjusted result for the period = result for the period before one-time items.







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”.

Significant transactions that are not part of the normal course of business, infrequently occurring events or valuation items that do not affect cash flow are treated as adjustment items affecting comparability between reporting periods. According to Tecnotree’s definition, such items include, for example, impairment of assets and the remeasurement to fair value, the costs of closing down offices, restructuring measure and personnel related redundancy costs. Adjusted operating result included write-down of goodwill of EUR 16.7 million and personnel-related redundancies of EUR 1.1 million (EUR 9.0 million related to a large project delivery and EUR 2.3 million to personnel reductions). Adjusted result included one-time items in operating result (income in financial items from debt restructuring EUR 9.3 million in addition to one-time items in operating result). For more details, see table income statement key figures on page 6.