Key figures
Financial indicators 2017 2016 2015 2014 2013
Net sales, EUR million 1 808.1 1 872.9 1 917.1 1 988.7 2 113.2
Operating profit/loss (EBIT), EUR million -40.3 9.7 9.6 55.5 11.7
% of net sales -2.2 0.5 0.5 2.8 0.6
Operating profit/loss excluding non-recurring items, EUR million -17.6 13.2 21.5 12.4 11.2
% of net sales -1.0 0.7 1.1 0.6 0.5
Profit/loss before taxes, EUR million -49.2 0.9 2.2 51.2 6.7
% of net sales -2.7 0.0 0.1 2.6 0.3
Return on equity (ROE), % -11.2 -0.9 0.4 13.4 2.4
Return on capital employed before taxes (ROCE), % -6.3 2.1 2.3 9.7 4.0
Equity ratio, % 36.9 47.9 50.9 51.5 37.1
Net gearing ratio , % 59.3 33.5 33.8 31.8 82.0
Gross investments, EUR million 125.5 97.6 49.6 48.7 42.2
% of net sales 6.9 5.2 2.6 2.4 2.0
R&D expenses, EUR million 6.5 6.6 5.1 3.7 3.2
% of net sales 0.4 0.4 0.3 0.2 0.2
Employees, average 7 292 7 319 7 437 7 662 7 774
Per share data 2017 2016 2015 2014 2013
Earnings per share (EPS), undiluted, EUR -0.84 -0.10 0.01 1.05 0.16
Earnings per share (EPS), diluted, EUR -0.84 -0.10 0.01 1.05 0.16
Equity per share, EUR 6.23 7.31 7.63 8.09 7.41
Dividend paid per share, EUR 0.09* 0.16 0.14 0.49 0.10
Dividend payout ratio, undiluted, % -10.7* -160.4 2 378.9 46.7 62.1
Dividend payout ratio, diluted, % -10.7* -160.4 2 378.9 46.7 62.1
Effective dividend yield, % 2.9* 5.0 3.7 15.0 2.7
Price-to-earnings ratio (P/E)
undiluted -3.7 -32.0 647.4 3.1 23.3
diluted -3.7 -32.0 647.4 3.1 23.3
Lowest trading price, EUR 2.96 2.89 3.24 3.12 3.29
Highest trading price, EUR 3.60 3.89 6.26 4.49 4.28
Middle price during the period, EUR 3.24 3.19 5.07 3.74 3.70
Share price at the end of the year, EUR 3.13 3.19 3.81 3.27 3.76
Market capitalisation, EUR million 169.1 172.3 205.6 202.9 195.9
Trading volume (1 000) 10 426 13 313 17 321 13 990 7 670
% of the average volume 19.3 24.7 32.1 25.9 14.2
Adjusted number of outstanding shares (1 000)
average during financial period 54 018 54 006 53 973 53 973 53 973
at the end of financial period 54 018 54 018 53 973 53 973 53 973
fully diluted 54 018 54 018 53 973 53 973 53 973
* Based on the Board of Directors' proposal.