Financial Performance in January-December 2020
Consolidated statement of comprehensive income, MEUR | 2020 | 2019 |
12 months | 12 months | |
Net sales | 78.4 | 75.2 |
Operating profit / loss | 2.1 | 6.3 |
Financial income and expenses | -0.4 | -0.4 |
Result before tax | 1.6 | 5.9 |
Result for the period | 2.2 | 7.6 |
Total comprehensive income for the period | 1.9 | 7.7 |
Result for the period attributable to: | ||
Equity holders of the parent | 2.2 | 7.6 |
Total comprehensive income for the period attributable to: | ||
Equity holders of the parent | 1.9 | 7.7 |
Earnings per share from continuing operations, EUR | 0.061 | 0.214 |
- Cash flow from operating activities was EUR 6.9 million (EUR 9.6 million).
- Net cash flow during the period was EUR -10.5 million, including the most significant item as EUR 13.6 million R&D investments into own products (EUR 4.3 million, including the most significant items as withdrawal of a EUR 20.0 million bank loan, EUR 15.6 million R&D investments into own products, and the EUR 5.4 million dividend payment).
- Equity ratio was 73.1 percent (73.4 percent).
- Net gearing was -1.9 percent (-11.2 percent).
Half Year Figures
Group's net sales and operating result, MEUR | 2H/20 | 1H/20 | 2H/19 | 1H/19 |
Net sales | 35.8 | 42.5 | 42.2 | 33.1 |
Operating profit (loss) | -0.8 | 2.9 | 4.7 | 1.7 |
Result before taxes | -0.9 | 2.5 | 4.4 | 1.5 |
Result for the period | -0.4 | 2.5 | 6.1 | 1.5 |
Distribution of net sales by product and services, MEUR and % | 2H/20 | 1H/20 | 2H/19 | 1H/19 |
Product based netsales | 23.0 64.3 % |
30.1 70.7 % |
30.8 73.1 % |
18.6 56.1 % |
Services based net sales | 12.8 35.7 % |
12.5 29.3 % |
11.4 27.1 % |
14.5 43.9 % |
Distribution of net sales by market areas, MEUR and % | 2H/20 | 1/20 | 2H/18 | 1H/18 |
Asia | 0.2 0.5% |
0.2 0.4% |
0.1 0.3% |
0.2 0.5% |
Americas |
6.4 17.8% |
7.1 16.7% |
12.7 30.2% |
5.8 17.5% |
Europe |
29.3 81.7% |
35.2 82.8% |
29.3 69.6% |
27.1 82.0% |
Quarterly Figures
Group's net sales and operating result, MEUR | 4Q/20 | 3Q/20 | 2Q/20 | 1Q/20 | 4Q/19 |
Net sales | 21.8 | 14.0 | 25.3 | 17.3 | 26.9 |
Operating profit (loss) | 0.3 | -1.0 | 2.7 | 0.2 | 4.1 |
Result before taxes | 0.2 | -1.0 | 2.7 | -0.2 | 3.9 |
Result for the period | 0.7 | -1.0 | 2.7 | -0.2 | 5.6 |
Distribution of net sales by product and services, MEUR and % | 4Q/20 | 3Q/20 | 2Q/20 | 1Q/20 | 4Q/19 |
Product based netsales | 14.5 66.5 % |
8.5 60.9 % |
18.4 73.0 % |
11.7 67.4 % |
20.1 74.5 % |
Services based net sales | 7.3 33.5 % |
5.5 39.1 % |
6.8 27.0 % |
5.6 32.6 % |
6.8 25.5 % |
Distribution of net sales by market areas, MEUR and % | 4Q/20 | 3Q/20 | 2Q/20 | 1Q/20 | 4Q/19 |
Asia | 0.1 0.5% |
0.1 0.5% |
0.1 0.4% |
0.1 0.4% |
0.1 0.3% |
Americas |
2.9 13.3% |
3.5 24.8% |
2.2 8.8% |
4.9 28.3% |
5.0 18.7% |
Europe |
18.8 86.2% |
10.5 74.7% |
22.9 90.8% |
12.3 71.3% |
21.8 81.0% |
Unless otherwise mentioned, the figures in brackets refer to the corresponding period in the previous year.