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Finance

Financial highlights for the years 2004-2008

 
 

DKKm

 

2005

2006

2007

2008

2009

Income statement

 

 

 

Revenue for the year

 

1,681

1,660

1,696

1,624

 1,394

Gross profit

703

680

694

644

    573

Operating profit before special items (EBIT)

 

16

5

5

(22)

    (20)

Net financing costs

 

(23)

(24)

(20)

(33)

    (21)

Profit (loss) before tax

 

(55)

(66)

(15)

(90)

    (25)

Profit (loss) for the year

 

(26)

(45)

(19)

(68)

    (17)
Balance sheet

 

 

 

Share capital

 

100

100

100

110

    110

Equity

487

442

428

449

    431

Balance sheet total

1,274

1,227

1,227

1,215

 1,219

Interest-bearing assets

 

35

51

56

34

      92

Interest-bearing liabilities

 

449

427

434

434

    455

Invested capital

 

980

997

884

927

    871
Cash flows

 

 

 

From operating activities

 

64

65

70

(6)

        2

For investing activities**)

 

(58)

(27)

(70)

(110)

      34

From financing activities

 

(88)

(20)

(17)

(11)

     109
Net increase (decrease) in cash and cash equavalents

(82)

19

(18)

(105)

     145

**) portion relating to property, plant and equipment

 

(38)

(23)

(71)

(110)

    (90)
Financial ratios (%)

 

 

 

Gross margin

41.8

41.0

41

40

       41

Operating margin (EBIT margin)

 

1.0

0.3

0

(1)

       (1)

Pre-tax margin

 

(3.3)

(4.0)

(1)

(6)

       (2)

Return on invested capital (ROIC)

2

1

1

(2)

       (2)

Return on Eguity (ROE)

 

(5)

(10)

(4)

(15)

       (4)

Equity ratio

 

38

36

35

37

       35

Earnings per DKK 20 share (EPS), DKK

 

(5)

(9)

(4)

 

     858

Average number of employees

 

1,045

961

1,002

926

     802