Financials

Five years in figures

2021 2020 2019 2018 2017
Net sales EUR million 1,254.3 1,116.2 1,090.4 1,118.5 1,185.5
of which outside Finland EUR million 1,142.0 1,021.9 977.5 1,006.6 1,073.1
in percent of net sales % 91.0 91.5 89.6 90.0 90.5
export from Finland EUR million 24.2 20.1 20.2 19.5 22.8
Change of net sales, % % 12.4 2.4 -2.5 -5.6 -1.6
Gross profit EUR million 539.8 452.0 447.3 485.1 512.2
% of net sales % 43.0 40.5 41.0 43.4 43.2
EBIT EUR
million 		142.8 98.0 60.1 91.6 97.9
% of net sales % 11.4 8.8 5.5 8.2 8.3
Comparable EBIT EUR
million 		154.2 109.0 77.7 109.3 103.7
% of net sales % 12.3 9.8 7.1 9.8 8.7
EBITA EUR million 157.4 125.8 72.9 112.5 113.2
% of net sales % 12.5 11.3 6.7 10.1 9.5
Comparable EBITA EUR million 168.8 136.8 90.6 121.7 119.0
Change in fair value of biological assets EUR million 1.3 0.7 -0.2 2.0 0.7
Financial items net EUR million 0.0 -8.9 3.4 9.4 119.3
% of net sales % 0.0 -0.8 0.3 0.8 10.1
Profit before taxes EUR million 144.1 89.8 63.2 103.0 217.8
% of net sales % 11.5 8.0 5.8 9.2 18.4
Income tax EUR million -56.5 -21.3 -10.8 21.1 -50.8
Profit for the period attributable to the equity
holders in the parent company 		EUR million 86.6 67.6 51.7 81.6 166.4
% of net sales % 6.9 6.1 4.7 7.3 14.0
Non-controlling interests EUR million 0.9 0.8 0.7 0.2 0.7
Employee benefits EUR million 293.7 262.9 311.9 307.9 315.3
Depreciation, amortization and impairment EUR million 61.6 76.1 59.6 43.8 38.8
% of net sales % 4.9 6.8 5.5 3.9 3.3
Cash flow from operating activities EUR million 122.9 199.2 96.5 105.9 103.8
Capital expenditure EUR million 34.4 30.0 40.0 46.2 32.8
% of net sales % 2.7 2.7 3.7 4.1 2.8
Research and development costs in income statement EUR million 15.5 16.5 18.4 18.4 18.8
% of net sales % 1.2 1.5 1.7 1.6 1.6
Capitalized development costs EUR million 0.0 0.0 0.0 0.0 0.0
Equity attributable to equity holders of the parent company EUR million 812.1 757.8 760.9 1,207.0 1,269.4
Non-controlling interest EUR million 4.2 3.8 3.6 2.7 2.8
Equity total EUR million 816.3 761.6 764.5 1,209.7 1,272.1
Net interest-bearing debt EUR million 144.4 143.7 261.1 135.4 147.7
Working capital EUR million 164.5 134.2 194.4 197.0 195.9
Balance sheet total EUR million 1,435.5 1,342.0 1,364.3 1,719.2 1,837.9
Return on investment % 15.3 9.9 6.0 7.9 15.4
Return on equity % 11.1 9.0 5.3 6.6 13.4
Equity ratio % 56.9 56.8 56.0 70.4 69.3
Net gearing % 17.7 18.9 34.2 11.2 11.6
Personnel (FTE), average 6,081 6,104 6,840 7,304 7,709
Personnel, end of period 6,690 6,411 6,984 7,706 7,932
of which outside Finland 5,579 5,348 5,852 6,581 6,806