Annual Report & Inside stories 2011 now online

Five years in figures

 

Five years in figures, MEUR
    2011 2010 2009 2008 2007
Net sales   4 209 4 553 5 260 4 612 3 763
   of which outside Finland % 99.3 99.4 99.3 98.1 98.2
Exports from Finland   2 458 2 584 3 114 2 574 2 017
Personnel on average   17 708 18 000 18 830 17 623 15 337
   of which in Finland   3 421 3 326 3 506 3 378 3 010
Order book   4 007 3 795 4 491 6 883 6 308
             
From the consolidated statement of income
    2011 2010 2009 2008 2007
Depreciation, amortisation and impairment   113 116 165 99 78
Share of result of associates and joint ventures   8 5 6 - 1
Operating result before nonrecurring items   469 487 638 525 380
   as a percentage of net sales % 11.1 10.7 12.1 11.4 10.1
Operating result   445 412 592 525 380
   as a percentage of net sales % 10.6 9.1 11.2 11.4 10.1
Financial income and expense   -16 -13 -34 -9 -8
   as a percentage of net sales % -0.4 -0.3 -0.6 -0.2 -0.2
Net income from financial assets available for sale   - 149 - - -
Profit before taxes   429 548 558 516 372
   as a percentage of net sales % 10.2 12.0 10.6 11.2 9.9
Profit for the financial period   293 397 396 389 265
   as a percentage of net sales

 %

 7.0 8.7 7.5 8.4 7.1
             
From the consolidated statement of financial position
    2011 2010  2009 2008 2007
Non-current assets   1 577 1 483  1 548 1 498  1 283
Current assets   3 023 3 213  3 108 3 245  2 466
Total equity attributable to equity holders of the parent   1 636 1 638 1 496 1 184 1 315
Non-controlling interests   30 26 16 15 10
Interest-bearing debt   652 628 664 664 283
Non interest-bearing liabilities   2 282 2 404 2 479 2 880 2 141
Total equity and liabilities   4 600 4 696 4 655 4 743 3 749
Gross capital expenditure   187 98 152 366 231
   as a percentage of net sales  % 4.4 2.2 2.9 7.9 6.1
Research and development expenses   162 141 141 121 122
   as a percentage of net sales  % 3.8 3.1 2.7 2.6 3.2
Dividends paid for the financial year   178 173 173 148 216
Extra dividend   - 99 - - 192
Dividends total   178* 271 173 148 408
             
Financial ratios
    2011 2010 2009 2008 2007
Earnings per share (EPS) ** EUR 1.44 1.96 1.97 1.94 1.37
Diluted EPS ** EUR 1.44 1.96 1.97 1.94 1.37
Dividend per share ** EUR 0.90 1.38 0.88 0.75 2.13
Dividend per earnings  % 62.7 70.3 44.4 38.7 155.1
Interest coverage   14.6 18.9 16.4  14.0 13.7
Return on investment (ROI)  % 20.4 26.0 29.9 32.4 26.0
Return on equity (ROE)  % 17.5 25.0 29.2 30.8 20.8
Solvency ratio  % 41.3 40.8 40.0 34.3 45.9
Gearing   0.04 -0.09 0.28 0.39 -0.01
Equity per share **  EUR 8.30 8.30 7.59 6.01 6.85

 *) Proposal of the Board of Directors. Financial ratios calculated from total amount of dividend.

**) Free share issue approved by Wärtsilä Corporation's Annual General Meeting on 3 March 2011 increased the total number of Wärtsilä shares to 197,241,130. The figures in the comparison periods have been adjusted to reflect the increased number of shares.

Related information:
 Calculation of financial ratios 
 Accounting principles 

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