Financial Highlights in EUR
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Amounts in EUR million
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2007
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2008
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2009
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2010
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2011
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| Income statement |
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| Revenue |
1,576
|
1,503
|
1,222
|
1,117
|
1,252
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|
| Operating profit (loss) (EBIT) |
26
|
44
|
39
|
13
|
-45
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|
| Net financing costs and profit (loss) of associates |
15
|
4
|
2
|
1
|
0
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| Profit (loss) before tax |
42
|
48
|
41
|
13
|
-45
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|
Profit (loss) for the year
|
32
|
35
|
30
|
8
|
-35
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| Balance sheet |
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| Share capital |
30
|
30
|
30
|
30
|
30
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| Total equity |
166
|
194
|
217
|
218
|
173
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| Balance sheet total |
677
|
710
|
740
|
632
|
761
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| Interest-bearing deposit/debt(+/-) |
26
|
69
|
111
|
45
|
-1
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Invested capital
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141
|
136
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118
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172
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175
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| Cash flows |
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| Cash flows from operating activities |
-10
|
72
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65
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-44
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-36
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| Cash flows for investing activities: |
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| Net investments excl. securities |
17
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-22
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-21
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-13
|
5
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| Net investments in securities |
-8
|
-1
|
-49
|
45
|
9
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| Cash flows from financing activities |
-5
|
-8
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-9
|
-3
|
-10
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Net increase (decrease) in cash and cash equivalents
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-39
|
40
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-14
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-15
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-32
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| Financial ratios |
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| Gross margin (%) |
5.1
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6.9
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8.1
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6.5
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0.9
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| Operating margin (EBIT margin) (%) |
1.7
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2.9
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3.2
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1.1
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-3.6
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| Pre-tax margin (%) |
2.7
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3.2
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3.4
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1.2
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-3.6
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| Return on invested capital (ROIC) (%) |
19.3
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30.7
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30.7
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8.7
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-25.7
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| Return on equity (ROE) (%) |
14.6
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22.1
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22.2
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3.8
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-18.0
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| Equity ratio (%) |
24.5
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27.3
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29.2
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34.5
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22.8
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| Proposed dividend, DKK million |
7
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7
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7
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7
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0
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| Other information |
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| Order book, year end |
1,438
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1,273
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1,003
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1,240
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1,177
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Average number of employees
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6,494
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6,170
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5,872
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5,217
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4,738
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The consolidated financial highlights in EUR are supplementary information to the financial statements.
Items in the income statement, the balance sheet and the statement of cash flows for all the years have been translated from DKK into EUR using Danmarks Nationalbank’s official exchange rate at 31 December 2011 of 7.4342.