Financial Highlights in DKK
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Amounts in DKK million
|
2008 |
2009 |
2010 |
2011 |
2012 |
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| Income statement |
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|
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|
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| Revenue |
11,171 |
9,087 |
8,303 |
9,307 |
9,735 |
|
| Operating profit (EBIT) |
327 |
290 |
94 |
-332 |
-507 |
|
| Net financing costs and profit (loss) of associates |
32 |
17 |
7 |
-3 |
-5 |
|
| Profit (loss) before tax |
359 |
307 |
100 |
-335 |
-512 |
|
Profit (loss) for the year
|
259 |
223 |
61 |
-261 |
-512 |
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| Balance sheet |
|
|
|
|
|
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| Share capital |
220 |
220 |
220 |
220 |
220 |
|
| Equity |
1,442 |
1,610 |
1,618 |
1,289 |
771 |
|
| Balance sheet total |
5,276 |
5,504 |
4,698 |
5,654 |
4,433 |
|
| Net interest-bearing deposit/debt(+/-) |
513 |
824 |
337 |
-10 |
-190 |
|
Invested capital
|
1,010 |
880 |
1,281 |
1,299 |
961 |
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| Cash flows |
|
|
|
|
|
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| Cash flows from operating activities |
536 |
485 |
-328 |
-268 |
-142 |
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| Cash flows for investing activities* |
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|
|
|
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| Net investments excl. securities |
-166 |
-159 |
-99 |
34 |
-9 |
|
| Net investments in securities |
-10 |
-362 |
337 |
69 |
-4 |
|
| Cash flows from financing activities |
-61 |
-69 |
-23 |
-72 |
-44 |
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|
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| Net increase (decrease) in cash and cash equivalents |
299 |
-105 |
-113 |
-237 |
-199 |
|
| *Portion relating to property, plant and equipment (gross) |
-215 |
-236 |
-241 |
-125 |
-68 |
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| Financial ratios |
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| Gross margin (%) |
6.9 |
8.1 |
6.5 |
0.9 |
-0.6 |
|
| Operating margin (EBIT margin) (%) |
2.9 |
3.2 |
1.1 |
-3.6 |
-5.2 |
|
| Pre-tax margin (%) |
3.2 |
3.4 |
1.2 |
-3.6 |
-5.3 |
|
| Return on invested capital (ROIC) (%) |
30.7 |
30.7 |
8.7 |
-25.7 |
-44.9 |
|
| Return on invested capital after tax (ROIC after tax) (%) |
22.1 |
22.2 |
5.2 |
-20.0 |
-44.9 |
|
| Return on equity (ROE) (%) |
19.4 |
14.6 |
3.8 |
-18.0 |
-49.7 |
|
| Equity ratio (%) |
27.3 |
29.2 |
34.5 |
22.8 |
17.4 |
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| Proforma equity ratio (%) ** |
- |
- |
- |
- |
24.2 |
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| Proposed dividend, DKK million |
50 |
50 |
50 |
0 |
0 |
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| Other information |
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| Order book, year end |
9,461 |
7,455 |
9,222 |
8,751 |
6,042 |
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Average number of employees
|
6,170 |
5,872 |
5,217 |
4,738 |
4,688 |
|
The financial ratios have been calculated in accordance with ’Recom-mendations & Financial Ratios 2010’ published by the Danish Society of Financial Analysts, except for the financial ratio marked with **.
* Proforma equity ratio at 31 December 2012 includes DKK 300 million cash capital injection in February 2013.