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05.05.2010
Interim Report 1-3/2010

Interim Report 1-3/2010

GROUP KEY FIGURES

 

MEUR

1-3/10

1-3/09

2009

 

 

 

 

 

 

Net sales

25.7

27.5

103.0

 

Operational segment result

0.1

-0.2

4.7

 

% of net sales

0.3

-0.7

4.6

 

Operating profit/loss

-0.4

-6.9

-3.6

 

% of net sales

-1.6

-25.2

-3.5

 

Profit/loss before taxes

-1.1

-8.6

-6.3

 

Profit/loss for the period

-0.9

-8.0

-7.1

 

 

 

 

 

 

Equity ratio, %

43.4

41.3

42.9

 

Net gearing, %

40.4

42.6

39.1

 

 

 

 

 

 

Earnings per share, eur

-0.04

-0.37

-0.33

 

Earnings per share (diluted), eur

-0.04

-0.37

-0.33

 

Equity per share, eur

2.48

2.45

2.49

 

 

 

 

 

 

 

 

CEO Pekka Eloholma comments:

"First quarter was weak as expected. The operational segment result was positive, but IFRS3 amortization pushed operating profit to loss. Finland, Norway and Denmark were profitable, but Sweden and Baltic made a loss."

"Some new projects ramped up pretty slowly, and at the same time some large projects in Finland progressed slower than normally. Although the general market situation is improving, it was not yet realized as net sales."

"Positive development is highlighted by the growth of the order backlog to approx. 43 MEUR, which is higher than in Q1/2009 (41.6 MEUR) or Q4/2009 (41.1 MEUR). The improved order backlog and the good level of customer activity strengthen our belief in improving business conditions during the year. We maintain the previous guidance regarding the whole year."

"The net sales are estimated to grow in year 2010. The year 2010 will be clearly profitable and the profitability (EBIT margin) is estimated to improve during the year."
 
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