2017 – The first year of Shape and Share

Our strategic actions in 2017 were strongly guided by our new Shape and Share growth strategy and the new financial and non-financial targets. The actions taken included reshaping our business structure and our market presence. Our customer-oriented, innovative mindset and the opportunities of digitalisation further supported us in the execution of our strategy.

730

SALES, MEUR
2016: 712

4.6%

ORGANIC SALES GROWTH
2016: 7.3%

120

COMPARABLE EBITA, MEUR
2016: 111

16.5%

COMPARABLE ROE
2016: 14.9%

1.65

NET DEBT/EBITDA
2016: 1.77

0.851

DIVIDEND PER SHARE, EUR
2016: 0.75
1 Board proposal

15.4%

COMPARABLE ROE
2016: 14.9%

9.9

LOST TIME INJURY RATE (LTIR)
2016: 13.7%

KEY FIGURES AND RATIOS 2017 2016
Income statement    
Sales, MEUR 729.5 712.3
Comparable EBITA, MEUR 120.0 111.1
Comparable EBITA, % of sales  16.5 15.6
EBITA, MEUR 120.7 106.7
EBITA, % of sales  16.5 15.0
Operating profit (EBIT), MEUR 117.3 98.7
Profit before taxes (EBT), MEUR 105.2 86.9
Profit for the period, MEUR 84.2 68.6
Balance sheet    
Gearing, % 68.6 74.5
Equity ratio, % 47.4 45.6
Net interest-bearing liabilities, MEUR 382.3 387.0
Total assets, MEUR 1,194.6 1,155.8
Shareholders' equity, MEUR 557.4 519.7
Share-related and other information    
Average number of personnel 2,538 2,550
Number of depots 300 324
Comparable return on equity, % 15.4 14.9
Comparable return on capital employed (ROCE), % 11.9 11.4
Gross capital expenditure, MEUR 213.9 207.3
      of which business combinations, MEUR 9.4 4.4
Cash flow from operations, MEUR 186.5 172.2
Cash flow after investments, MEUR 33.1 7.3
Comparable earnings per share (EPS), EUR 1.87 1.70
Earnings per share (EPS) undiluted, EUR 1.89 1.54
Earnings per share (EPS) diluted, EUR 1.88 1.53
Dividend per share, EUR 0.85* 0.75
Equity per share, EUR 12.53 11.69
Market capitalisation, MEUR 879.1 1,057.5


* Board proposal