/Annual report 2008
Financial ratios and shares in figures
| Financial ratios |
IFRS 2008 |
IFRS 2007 |
IFRS 2006 | |
| Net sales | M€ |
242.5 |
224.1 |
220.8 |
| exports and international operations |
94.5% |
95.8% |
96.6% | |
| Operating profit | M€ |
38.0 |
35.3 |
38.6 |
| % of net sales |
15.7% |
15.8% |
17.5% | |
| Profit before taxes | M€ |
38.9 |
37.0 |
38.2 |
| % of net sales |
16.0% |
16.5% |
17.3% | |
| Return on equity (ROE) |
15.5% |
14.9% |
16.4% | |
| Return on investment (ROI) |
15.5% |
15.1% |
16.4% | |
| Solvency ratio |
82.4% |
82.6% |
81.0% | |
| Current ratio |
|
3.6 |
3.5 |
3.3 |
| Gross capital expenditure | M€ |
12.2 |
7.3 |
20.4 |
| % of net sales |
5.0% |
3.3% |
9.2% | |
| R&D expenditure on machinery and equipment | M€ |
0.5 |
0.6 |
0.3 |
| R&D expenditure | M€ |
24.6 |
23.5 |
20.6 |
| % of net sales |
10.1% |
10.5% |
9.3% | |
| Orderbook on Dec. 31. | M€ |
90.3 |
82.3 |
77.6 |
| Average personnel |
1177 |
1113 |
1069 | |
| Shares in figures | ||||
| Earnings/share (EPS) | € |
1.56 |
1.42 |
1.46 |
| Earnings/share (EPS), calculated taking into account the dilution impact of the bond with warrants | € |
1.56 |
1.42 |
1.46 |
| Cash flow from business operations/share | € |
1.77 |
1.98 |
1.96 |
| Shareholders’ equity/share | € |
10.47 |
9.68 |
9.32 |
| Dividend/share | € |
*0.90 |
*0.85 |
0.85 |
| Dividend/earnings | % |
**57.7% |
59.9% |
58.2% |
| Effective dividend yield *** |
3.8% |
2.4% |
2.6% | |
| Price/earnings (P/E) |
14.18 |
25.11 |
22.65 | |
| A-share trading | ||||
| highest |
€ |
36.49 |
41.99 |
33.33 |
| lowest | € |
19.50 |
29.43 |
23.10 |
| weighted average | € |
25.82 |
37.31 |
26.64 |
| at balance sheet date | € |
22.11 |
35.60 |
33.07 |
| Market capitalisation at balance sheet date *** | M€ |
402.6 |
648.2 |
602.2 |
| A-shares traded | ||||
| traded | pcs |
2,277,884 |
5,595,292 |
6,873,504 |
| % of entire series |
15.4% |
37.8% |
46.4% | |
| Adjusted number of shares | pcs |
18,209,214 |
18,209,214 |
18,174,250 |
| A-shares | pcs |
14,812,780 |
14,810,979 |
14,809,079 |
| K-shares | pcs |
3,405,584 |
3,407,385 |
3,409,285 |
| Number of shares at Dec. 31 | pcs |
18,209,214 |
18,209,214 |
18,209,214 |
* Proposal by the Board of Directors
** Calculated according to the proposal by the Board of Directors
*** Value of A and K shares is here calculated to be equal