Market announcement
Nordic Fibreboard AS
LEI code
54930002HOIXBD15OM06
Size of the entity
Small group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Management interim statement or quarterly financial report
Unique data record identifier
3794
Attachments
Submission date and time
17.08.2012 09:00:31
Content of announcement in Estonian
Title
Majandustulemused 6 kuud 2012
Message
Pärnu, 2012-08-17 08:00 CEST (GLOBE NEWSWIRE) --
KOKKUVÕTE
Skano Group ASi 2012 aasta teise kvartali konsolideeritud müügitulu kasvas 2011
aasta teise kvartaliga võrreldes 13% ja oli 4,9 mln eurot. Kontserni EBITDA oli
teises kvartalis 364 tuhat eurot (2011 aasta teises kvartalis 459 tuhat
eurot).
Müügi kasv tuli põhiliselt Püssi naturaalsete puitkiudplaatide tehase toodete
ning mööbli müügist, kuid siiski mõjutas tulemust ebakindlus välisturgudel.
Pärnu kiudplaadivabriku ja Isotex’i siseviimistlusplaatide müük langes eelmise
aasta sama prioodiga võrreldes 22%. Langus tuli peamiselt Soome turult, kus
käesoleva aasta alguses on märkimisväärselt vähenenud ehituslubade väljastamine
ja sellega seoses ka ehituse maht. Eelmise aasta teises kvartalis moodustas
müük Soome turule kogu kontserni müügist 40%, kuid Soome turul toimus käesoleva
aasta esimestel kuudel nõudluse ootamatult terav langus, ning müük Soome on
langenud 32%ni kontserni käibest.
Soome müügi vähenemise tagajärjel vähenes ka võrreldavate üksuste (Pärnu
tootmisüksused) ärikasum 7% ning oli 311 tuhat eurot.
Samas on kasvanud müük Venemaale rohkem kui 45% ning lisandunud on müük
Suurbritanniasse summas ca 300 tuhat eurot ja ka teistele turgudele ei ole
ehitusmaterjalide müük põhimõtteliselt langenud.
Püssi kiudplaadivabriku käive oli 709 tuhat eurot ja ärikahjum oli 203 tuhat
eurot. Madalast müügimahust tingituna töötas Püssis asuv tehas teises kvartalis
poole võimsusega. Püssi tehase müük ei ole saavutanud loodetud taset ning on
tänaseni selgelt olnud kontserni ainus kahjumlik äriüksus. Käesoleva aasta
teisel poolel olukord ilmselt paraneb, kuna oleme alustanud selle tehase
toodete müüki Aasiasse. Juba käesoleval ajal on märkimisväärsed kaubamahud teel
klientide poole, aga kuna transpordiaeg on keskmiselt 6 nädalat, ei kajastu
need mahud koheselt kontserni müügis. Samuti oleme läbi viimas projekti, mille
alusel plaanime käesoleva aasta kolmandas kvartalis tõsta Püssi tehase
tootmisliini maksimaalset kiirust ca 30% ning seeläbi alandada toote omahinda,
et oleks võimalik ületada kasumiläve ka suhteliselt madala tootmismahu korral
ning tõsta oluliselt tehase kasumlikkust maksimaalvõimsuse lähedal opereerides.
Ettevõtte juhtkonna prioriteediks on jätkuvalt Püssi tehase toodangule müügi
kindlustamine maksimaalsel tootmisvõimsusel ning selles suunas jätkatakse
pidevat tööd.
Mööblivabriku käive kasvas eelmise aasta sama perioodiga võrreldes 13% ja
ärikasum 26%, ning ärikasum oli 238 tuhat eurot. Mööblivabrik töötab
efektiivselt ning kasumlikult, teise kvartali ärikasumi marginal oli 11,5%.
Mööbli jaemüügiketi käive kasvas eelmise aasta sama perioodiga võrreldes 14% ja
oli 569 tuhat eurot ning ärikasum 63 tuhat eurot. Jaemüügist moodustab Skano
Group ASi enda mööbli müük jätkuvalt olulise osa ning see võimaldab
mööblivabrikul opereerida tunduvalt kasumlikumalt, kui see ilma oma
jaemüügiketita võimalik oleks.
KASUMIARUANNE
Aruandeaasta teise kvartali müügitulu oli 4,9 mln eurot (2011 aastal 4,3 mln
eurot) mis tähendab 2011 aasta teise kvartaliga võrreldes 13%-list kasvu.
Kontserni müügikäibe brutorentaablus oli 2012 aasta teises kvartalis 17,9%
(võrrelduna 2011 aasta teise kvartali 24,2%-ga). Konsolideeritud ärikasum oli
0,1 mln eurot (2011 aasta samal perioodil 0,3 mln eurot). Konsolideeritud
müügikäibe ärirentaablus oli 2,2% (võrrelduna 2011 aasta teise kvartali
6,9%-ga).
Kontserni EBITDA oli teises kvartalis 364 tuhat eurot (eelmise aasta samal
perioodil 459 tuhat eurot). Konsolideeritud puhaskasum oli 39 tuhat eurot
(2011 aasta teises kvartalis 273 tuhat eurot) ja puhasrentaablus oli 0,8%
(võrrelduna 2011 aasta teise kvartali 6,3%-ga).
FINANTSSEISUNDI ARUANNE
Kontserni koguvarade maht oli 30.6.2012 seisuga 16,1 mln eurot (31.12.2011:
16,0 mln eurot ), millest ettevõtte kohustused moodustasid 30.6.2012 seisuga
8,5 mln eurot (31.12.2011: 8,3 mln eurot) ehk 53,1% (31.12.2011: 51,8%).
Nõuded ja ettemaksud on kasvanud 0,4 mln eurot, suurenedes 6 kuuga 26%. Nõuete
suurenemise peamiseks põhjuseks on nõrk müük 2011 aasta detsembris, mis
vähendas detsembri lõpuks nõuete saldot oluliselt.
Varud kasvasid 6 kuuga 0,1 mln eurot, moodustades 30.6.2012 seisuga 3,3 mln
eurot. Seisuga 31.12.2011 oli varude maht 3,2 mln eurot. Materiaalne ja
immateriaalne põhivara vähenes 0,4 mln eurot peamiselt kulumi tõttu.
Lühiajalised laenukohustused olid seisuga 30.6.2012 1,3 mln eurot (31.12.2011
1,4 mln eurot) ja vähenesid 6 kuuga kokku 0,1 mln eurot. Võlad hankijatele,
maksukohustused, muud võlad, sh võlad töötajatele ja eraldised moodustasid 2,5
mln eurot (seisuga 31.12.2011 2,1 mln eurot). Lühi- ja pikaajalised kohustused
kokku kasvasid 0,3 mln eurot 8,5 mln euroni (31.12.2011 8,3 mln eurot).
ÄRIVALDKONDADE ÜLEVAADE
MÜÜK SEGMENTIDE LÕIKES
tuh EUR % käibest
------------------------------------------------------------------------------
II kv. 2012 II kv. 2011 II kv. 2012 II kv. 2011
------------------------------------------------------------------------------
Ehitusmaterjalide divisjon 2 621 2 206 53,7% 51,2%
------------------------------------------------------------------------------
Mööblivabrik 2 070 1 830 42,4% 42,4%
------------------------------------------------------------------------------
Mööbli jaemüük 569 497 11,7% 11,5%
------------------------------------------------------------------------------
Elimineerimine (379) (221) (7,8%) (5,1%)
------------------------------------------------------------------------------
KOKKU 4 881 4 312 100,0% 100,0%
------------------------------------------------------------------------------
MÜÜK RIIKIDE LÕIKES
tuh EUR % käibest
-----------------------------------------------------------------
II kv. 2012 II kv. 2011 II kv. 2012 II kv. 2011
-----------------------------------------------------------------
Soome 1 569 1 723 32,1% 40,0%
-----------------------------------------------------------------
Venemaa 1 480 1 141 30,3% 26,5%
-----------------------------------------------------------------
Eesti 676 708 13,8% 16,4%
-----------------------------------------------------------------
Suurbitannia 312 13 6,4% 0,3%
-----------------------------------------------------------------
Ukraina 188 199 3,9% 4,6%
-----------------------------------------------------------------
Läti 154 91 3,2% 2,1%
-----------------------------------------------------------------
Holland 124 0 2,5% 0,0%
-----------------------------------------------------------------
Rootsi 128 128 2,6% 3,0%
-----------------------------------------------------------------
Leedu 86 111 1,8% 2,6%
-----------------------------------------------------------------
Kasahstan 40 42 0,8% 1,0%
-----------------------------------------------------------------
Taani 31 39 0,6% 0,9%
-----------------------------------------------------------------
Saksamaa 23 31 0,5% 0,7%
-----------------------------------------------------------------
India 15 8 0,3% 0,2%
-----------------------------------------------------------------
Hiina 8 22 0,2% 0,5%
-----------------------------------------------------------------
Teised riigid 47 56 1,0% 1,3%
-----------------------------------------------------------------
KOKKU 4 881 4 312 100,0% 100,0%
-----------------------------------------------------------------
Turgude lõikes on käive kasvanud Venemaal, Suurbritannias, Lätis ja Hollandis.
Enam on vähenenud Soome osatähtsus käibes.
KASUM SEGMENTIDE LÕIKES
tuh EUR II kv. 2012 II kv. 2011
----------------------------------------------------
Mööblivabrik 238 189
----------------------------------------------------
Mööbli jaemüük 63 (39)
----------------------------------------------------
Ehitusmaterjalide divisjon (167) 142
----------------------------------------------------
Elimineerimine (26) 6
----------------------------------------------------
KOKKU 108 298
----------------------------------------------------
Neto finantskulud (67) (25)
----------------------------------------------------
Tulumaksukulu (2) (2)
----------------------------------------------------
PUHASKASUM 39 271
----------------------------------------------------
EHITUSMATERJALIDE DIVISJON
Ehitusmaterjalide divisjonis oli 2012 aasta teise kvartali müügitulu 2,6 mln
eurot ja kahjumiks 167 tuhat eurot. Eelmise aasta samal perioodil oli divisjoni
käive 2,2 mln eurot ja kasum 142 tuhat eurot. Võrreldes eelmise aastaga on
divisjoni käive kasvanud 415 tuhat eurot (19%). Käibe kasv tuli Püssi
naturaalsete puitkiudplaatide tehase toodete müügist.
MÜÜK RIIKIDE LÕIKES
tuh EUR % käibest
-----------------------------------------------------------------
II kv. 2012 II kv. 2011 II kv. 2012 II kv. 2011
-----------------------------------------------------------------
Soome 734 983 29,0% 44,6%
-----------------------------------------------------------------
Venemaa 598 343 23,6% 15,5%
-----------------------------------------------------------------
Eesti 405 540 16,0% 24,5%
-----------------------------------------------------------------
Suurbritannia 312 13 12,3% 0,6%
-----------------------------------------------------------------
Rootsi 128 128 5,1% 5,8%
-----------------------------------------------------------------
Holland 124 0 4,9% 0,0%
-----------------------------------------------------------------
Läti 72 36 2,8% 1,6%
-----------------------------------------------------------------
Taani 31 39 1,2% 1,8%
-----------------------------------------------------------------
Ukraina 26 8 1,0% 0,4%
-----------------------------------------------------------------
Saksamaa 23 31 0,9% 1,4%
-----------------------------------------------------------------
Leedu 22 11 0,9% 0,5%
-----------------------------------------------------------------
India 15 8 0,6% 0,4%
-----------------------------------------------------------------
Hiina 8 22 0,3% 1,0%
-----------------------------------------------------------------
Teised riigid 33 44 1,3% 2,0%
-----------------------------------------------------------------
KOKKU 2 531 2 206 100,0% 100,0%
-----------------------------------------------------------------
Ehitusmaterjalide divisjonis on suurim kasv olnud Suurbritannia, Venemaa ja
Hollandi müügis. Soome ja Eesti osatähtsus käibes on oluliselt langenud.
Hoolimata märkimisväärsest müügikasvust vähenes ärisegmendi kasum, kuna
varasema ühe toorplaaditehase asemel opereerib ettevõte nüüd kahe
tootmisüksusega.
tuh EUR Müük Äriasum
-------------------------------------------------------------------------------
II kv. 2012 II kv. 2011 II kv. 2012 II kv. 2011
-------------------------------------------------------------------------------
Pärnu kiudplaadivabrik 1 190 1 638 (24) 118
-------------------------------------------------------------------------------
Pärnu siseviimistlusplaadid 486 505 24 49
-------------------------------------------------------------------------------
Püssi kiudplaadivabrik 709 - (203) (38)
-------------------------------------------------------------------------------
Allokeerimata 146 63 36 13
-------------------------------------------------------------------------------
KOKKU 2 531 2 206 (167) 142
-------------------------------------------------------------------------------
Pärnu kiudplaadivabriku ja siseviimistlusplaatide liini käive kahanes eelmise
aasta teise kvartaliga võrreldes 27% ja oli 1,2 miljonit eurot. Pärnu
kiudplaadivabriku kahjumi põhjuseks oli vähenenud müük. Müügi langus tuli
peamiselt Soome turult, kus käesoleva aasta alguses on märkimisväärselt
vähenenud ehituslubade väljastamine ja sellega seoses ka ehituse maht.
Ettevõtte prioriteediks on müügi laiendamine väljapoole tänaseid koduturge, et
kompenseerida madalamat nõudlust lähiriikides ning hajutada tururiski.
Püssis asuva kiudplaaditehase käive oli 709 tuhat eurot ning ärikahjum 203
tuhat eurot. Püssi tehase toodete müük on seni jäänud alla ootuste. Ettevõttel
on õnnestunud sõlmida tarnelepingud mitmete suurklientidega, kuid müügimahud ei
ole piisavad Püssi tehase täismahus töötamiseks. Läbirääkimised mitmete
klientidega käivad, kuid müügitegevus on inertne ning suuremate tarnelepingute
ja müügimahtudeni jõudmine võtab aega. Kui eelmise aasta neljandas kvartalis
jõudis Püssi tehas olukorda, kus suutsime suurklientidele garanteerida piisavat
mahtu, tarnekindlust ja kvaliteeti ilma suuri riske võtmata, siis tegelike
suuremate tarneteni jõudmine on oodatust kauem aega võtnud nii Soome väiksema
nõudluse, Euroopa üldise majanduskeskkonna ebakindluse kui suurte jaekettide
võrdlemisi pikaldase hankeprotssessi tõttu. Kuivõrd Skano Group ASi olemasolev
kliendibaas eelistab tänases keskkonnas hoida madalaid varusid ja tänases
keskkonnas me samadelt klientidelt tellimuste suurt kasvu ei oota, siis
praktiliselt kogu Püssi tehase tootmismaht tuleb müüa uutele klientidele.
Täna töötab Püssi tehas ca 70% võimsusega ning täpseid prognoose tootmismahu
kasvu suhtes lähtuvalt maailmas valitsevast ebakindlusest on täna raske teha.
Positiivse poole pealt saab välja tuua, et toodame Püssi tehases tooteid ka
Aasia riikide turgudele ning juba käesoleval ajal on märkimisväärsed kaubamahud
klientide poole teel, aga kuna konteinertranspordi aeg on keskmiselt 6 nädalat,
ei kajastu need mahud käesolevas aruandes kontserni müügis. Lisaks oleme
alustnud müüki ka Brasiiliasse ning Austraaliasse.
Oluline on märkida, et tänu suurtele püsikuludele tuleb tehase kasumlikuks
opereerimiseks käitada seda võimalikult suurel võimsusel, mis tagab madalama
toote keskmise omahinna. Oleme jätkuvalt kindlad, et Püssi ost oli keskpikas
perspektiivis väga hea otsus ja peale nimetatud tehases oluliste
tehnoloogiliste ja protseduuriliste muudatuste tegemist suudame viia omahinna
madalamale, kui me enne tehase ostu ootasime.
MÖÖBLIDIVISJON
MÖÖBLI JAEMÜÜK
Skano Group ASi jaeäri opereerivad OÜ Skano Furniture ja selle tütarfirmad
Lätis, Leedus ja Ukrainas. Seisuga 30.6.2012 on mööblikaupluste ketis kokku 9
kauplust Tallinnas kaks, Pärnus, Riias, Vilniuses, Kiievis, Donetskis, Harkovis
ja Dnepropetrovskis. Teises kvartalis suleti üks kauplus Kiievis.
JAEMÜÜK RIIKIDE LÕIKES
tuh EUR % käibest Kaupluste arv
-------------------------------------------------------------------------------
II kv. 2012 II kv. 2011 II kv. 2012 II kv. 2011 30.06.12 30.06.11
-------------------------------------------------------------------------------
Eesti 261 152 45,9% 30,6% 3 3
-------------------------------------------------------------------------------
Läti 82 55 14,4% 11,1% 1 1
-------------------------------------------------------------------------------
Leedu 64 100 11,2% 20,1% 1 2
-------------------------------------------------------------------------------
Ukraina 162 190 28,5% 38,2% 4 7
-------------------------------------------------------------------------------
Kokku 569 497 100,0% 100,0% 9 13
-------------------------------------------------------------------------------
Mööbli jaemüük on jõudnud müügimahuni, millega on tegevus kasumlik ning 2012
aasta teise kvartali kasum oli 63 tuhat eurot, sisaldades tulusid ka Ukraina
grivna kursi muutusest summas 50 tuhat eurot.
MÖÖBLI TOOTMINE
Mööblivabrikus oli 2012 aasta teise kvartali müügitulu 2,1 mln eurot ja kasum
238 tuhat eurot. Eelmise aasta samal perioodil oli mööblivabriku käive 1,8 mln
eurot ja kasum 189 tuhat eurot. Võrreldes eelmise aastaga on vabriku käive
kasvanud 240 tuhat eurot ja kasum kasvanud 49 tuhat eurot.
MÖÖBLIVABRIKU MÜÜK RIIKIDE LÕIKES
tuh EUR % käibest
-------------------------------------------------------------------
II kv. 2012 II kv. 2011 II kv. 2012 II kv. 2011
-------------------------------------------------------------------
Venemaa 882 798 42,6% 43,6%
-------------------------------------------------------------------
Soome 835 740 40,3% 40,4%
-------------------------------------------------------------------
Kasahstan 40 42 1,9% 2,3%
-------------------------------------------------------------------
Eesti 10 17 0,5% 0,9%
-------------------------------------------------------------------
Teised riigid 14 12 0,7% 0,7%
-------------------------------------------------------------------
Tütarettevõtted 289 221 14,0% 12,1%
-------------------------------------------------------------------
Kokku 2 070 1 830 100,0% 100,0%
-------------------------------------------------------------------
PROGNOOS JA ARENG
EHITUSMATERJALIDE DIVISJON. Pärnu kiudplaaditehase põhitootmisliin töötab
kolmandas kvartalis vähendatud võimsusel. Siseviimistlusplaatide Isotex
liinidel kasutatakse vastavalt vajadusele ühte või kahte vahetust. Püssi tehas
töötab madalast nõudlusest tingituna 2012 aasta kolmandas kvartalis umbes 70%
võimsusega. Lisaks plaanime käesoleva aasta kolmandas kvartalis tõsta Püssi
tehase tootmisliini maksimaalset kiirust ca 30% ning seeläbi alandada toote
omahinda, et oleks võimalik ületada kasumiläve ka suhteliselt madala
tootmismahu korral.
Ehitusmaterjalide sektori augustikuu müügiks prognoosime rohkem kui 1 miljon
eurot ehk ca 40% teise kvartali müügist ning see nätab, et müügimahtude trend
on jällegi kerges tõusus.
MÖÖBLI JAEMÜÜK.2012 aasta kolmandas kvartalis prognoosime jaemüügi kerget kasvu
võrreldes teise kvartaliga. Soodsate lepingutingimuste korral plaanime avada
ühe kaupluse Kiievis.
MÖÖBLIVABRIK. 2012 aasta kolmandas kvartalis me mööblivabrikus käibe kasvu
võrreldes teise kvartaliga ei plaani, kuna perioodi jääb tehase
kollektiivpuhkus. Müügimahte mõjutab negatiivselt ka Soomes valitsev tarbijate
ebakindllus ning seetõttu jääb tootmismaht väiksemaks kui tootmisvõimsused
lubaksid.
FINANTSSUHTARVUD
tuh EUR 6 kuud 2012 6 kuud 2011 6 kuud 2010
-------------------------------------------------------------------------------
Kasumiaruanne
-------------------------------------------------------------------------------
Müügitulu 9 440 8 336 6 360
-------------------------------------------------------------------------------
EBITDA 511 719 680
-------------------------------------------------------------------------------
EBITDA rentaablus 5,4% 8,6% 10,7%
-------------------------------------------------------------------------------
Ärikasum 10 427 443
-------------------------------------------------------------------------------
Ärirentaablus 0,1% 5,1% 7,0%
-------------------------------------------------------------------------------
Puhaskasum (134) 373 390
-------------------------------------------------------------------------------
Puhasrentaablus (1,4%) 4,5% 6,1%
-------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Bilanss (30.6)
-------------------------------------------------------------------------------
Koguvarad 16 050 13 467 9 115
-------------------------------------------------------------------------------
Koguvarade puhasrentaablus (0,8%) 2,8% 4,3%
-------------------------------------------------------------------------------
Omakapital 7 532 5 716 5 331
-------------------------------------------------------------------------------
Omakapitali puhasrentaablus (1,8%) 6,5% 7,3%
-------------------------------------------------------------------------------
Võlakordaja 53,1% 57,6% 41,5%
-------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsia (30.6)
-------------------------------------------------------------------------------
Aktsia sulgemishind (EUR) 1,31 1,74 0,95
-------------------------------------------------------------------------------
Puhaskasum aktsia kohta (EUR) (0,03) 0,08 0,09
-------------------------------------------------------------------------------
Hind-tulu (PE) suhtarv - 21,75 10,56
-------------------------------------------------------------------------------
Aktsia raamatupidamisväärtus (EUR) 1,67 1,27 1,18
-------------------------------------------------------------------------------
Turuhinna ja raamatupidamisväärtuse suhe 0,78 1,37 0,81
-------------------------------------------------------------------------------
Turukapitalisatsioon 5 894 7 828 4 274
-------------------------------------------------------------------------------
EBITDA = ärikasum + kulum
EBITDA rentaablus = EBITDA / müügitulu
Ärirentaablus = ärikasum / müügitulu
Puhasrentaablus = puhaskasum / müügitulu
Koguvarade puhasrentaablus = puhaskasum / koguvarad
Omakapitali puhasrentaablus = puhaskasum / omakapital
Võlakordaja = kohustused / koguvarad
Puhaskasum aktsia kohta = puhaskasum / aktsiate arv
Hind-tulu (PE) suhtarv = aktsia sulgemishind / puhaskasum aktsia kohta
Aktsia raamatupidamisväärtus = omakapital / aktsiate arv
Turuhinna ja raamatupidamisväärtuse suhe = aktsia sulgemishind / aktsia
raamatupidamisväärtus
Turukapitalisatsioon = aktsia sulgemishind * aktsiate arv
KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE
tuh EUR 30.6.2012 31.12.2011 30.6.2011
--------------------------------------------------------------------------
---------------------------------------------------------------------------
Raha ja raha ekvivalendid 174 206 276
--------------------------------------------------------------------------
Nõuded ja ettemaksed 2 116 1 674 1 927
--------------------------------------------------------------------------
Varud 3 268 3 177 2 850
--------------------------------------------------------------------------
Käibevara kokku 5 558 5 057 5 053
--------------------------------------------------------------------------
---------------------------------------------------------------------------
Kinnisvarainvesteeringud 185 185 185
--------------------------------------------------------------------------
Materiaalne põhivara 10 294 10 692 8 211
--------------------------------------------------------------------------
Immateriaalne põhivara 13 16 18
--------------------------------------------------------------------------
Põhivara kokku 10 492 10 893 8 414
--------------------------------------------------------------------------
---------------------------------------------------------------------------
AKTIVA (vara) KOKKU 16 050 15 950 13 467
--------------------------------------------------------------------------
---------------------------------------------------------------------------
Võlakohustused 1 277 1 380 662
--------------------------------------------------------------------------
Võlad ja ettemaksed 2 507 2 137 1 904
--------------------------------------------------------------------------
Lühiajalised eraldised 5 11 3
--------------------------------------------------------------------------
Lühiajalised kohustused kokku 3 789 3 528 2 569
--------------------------------------------------------------------------
---------------------------------------------------------------------------
Pikaajalised võlakohustused 4 490 4 490 4 984
--------------------------------------------------------------------------
Pikaajalised eraldised 239 239 198
--------------------------------------------------------------------------
Pikaajalised kohustused kokku 4 729 4 729 5 182
--------------------------------------------------------------------------
---------------------------------------------------------------------------
Kohustused kokku 8 518 8 257 7 751
--------------------------------------------------------------------------
---------------------------------------------------------------------------
Aktsiakapital (nimiväärtuses) 2 699 2 699 2 875
--------------------------------------------------------------------------
Ülekurss 364 364 364
--------------------------------------------------------------------------
Kohustuslik reservkapital 288 288 288
--------------------------------------------------------------------------
Ümberhindluse kursivahed (38) (11) 28
--------------------------------------------------------------------------
Eelmiste perioodide jaotamata kasum 4 353 1 788 1 788
--------------------------------------------------------------------------
Aruandeaasta kasum (kahjum) (134) 2 565 373
--------------------------------------------------------------------------
Omakapital kokku 7 532 7 693 5 716
--------------------------------------------------------------------------
---------------------------------------------------------------------------
PASSIVA (kohustused ja omakapital) KOKKU 16 050 15 950 13 467
--------------------------------------------------------------------------
KONSOLIDEERITUD KOONDKASUMIARUANNE
tuh EUR II kv II kv 6 k 6 k
2012 2011 2012 2011
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Müügitulu 4 881 4 313 9 440 8 336
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-
Müüdud toodangu kulu (4 007) (3 270) (7 941) (6 448)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-
Brutokasum 874 1 043 1 499 1 888
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-
Turustuskulud (592) (603) (1 192) (1 184)
--------------------------------------------------------------------------------
Üldhalduskulud (199) (147) (309) (246)
--------------------------------------------------------------------------------
Muud äritulud 54 58 91 62
--------------------------------------------------------------------------------
Muud ärikulud (29) (53) (79) (93)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-
Ärikasum (kahjum) 108 298 10 427
--------------------------------------------------------------------------------
Neto finantskulu (67) (25) (134) (50)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-
Kasum(kahjum) enne tulumaksu 41 273 (124) 377
--------------------------------------------------------------------------------
Tulumaksukulu (2) (2) (10) (4)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-
PERIOODI PUHASKASUM (KAHJUM) 39 271 (134) 373
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-
Valuutakursside muutuste mõju (36) (3) (27) 12
konsolideerimisel
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
-
PERIOODI KOONDKASUM(KAHJUM) 3 268 (161) 385
--------------------------------------------------------------------------------
Tava perioodi puhaskasum(kahjum) aktsia 0,01 0,06 (0,03) 0,08
kohta
--------------------------------------------------------------------------------
Lahustatud perioodi puhaskasum(kahjum) 0,01 0,06 (0,03) 0,08
aktsia kohta
--------------------------------------------------------------------------------
2012 aasta kolmanda kvartali vahearuande planeeritav avalikustamise aeg on
nädal 46 (12. – 16. november 2012).
Einar Pähkel
Finantsdirektor
447 8331
[email protected]
www.skano.com
Content of announcement in English
Title
Financial result, 6 months 2012
Message
Pärnu, Estonia, 2012-08-17 08:00 CEST (GLOBE NEWSWIRE) --
SECOND QUARTER IN SHORT
Consolidated net sales of second quarter 2012 was 4.9 mil. euros, representing
a 13% increase on the second quarter compared to the same period 2011. At the
same time, consolidated EBITDA amounted to 364 thousand euros (459 thousand
euros in Q2 2011).
The increase in sales resulted mainly from the sales of the products of Püssi
natural fibreboard factory and furniture but the results were still affected by
instability in foreign markets.
The sales in Pärnu fibreboard factory and of Isotex internal finishing boards
decreased as compared to the respective period last year by 22%. The decrease
came mainly from the Finnish market where the issue of building permits and
thus the volume of construction decreased considerably in the beginning of the
current year. In the second quarter last year sales to Finnish market made up
40% of the total sales of the group but there was a sudden sharp decrease in
demand in the Finnish market during the first months of the current year and
sales to Finland have fallen down to 32% of the turnover of the group.
As a result of the decrease of sales to Finland the operating profit of similar
units (Pärnu production units) decreased by 7% and was 311 thousand euros. At
the same time sales to Russia have increased more than 45%, and sales to Great
Britain in the amount of ca 300 thousand euros have been added; in principle,
sales of building materials to other markets have not decreased either.
The turnover of Püssi fibreboard factory was 709 thousand euros and the
operating loss was 203 thousand euros. Due to low sales volume Püssi factory
operated at half of its capacity in the second quarter. The sales in Püssi
factory have not reached the expected level and it has been clearly the only
unprofitable business unit of the group up till now. In the second half of the
current year the situation will probably improve as we have started sales of
the products of the factory to Asia. Currently considerable amount of products
is on the way to clients but as the transportation takes six weeks on average
those volumes are not immediately reflected in the sales of the group. We are
also implementing a project where we plan to increase the maximum production
speed of Püssi factory production line by ca 30% in the third quarter of the
current year and lower the cost price of the product. Decrease of the cost
price helps Püssi factory to overcome the breakeven point in case of a
considerably low production volume and considerably increase the profit when
the factory is operating near its maximum capacity. The priority of the
management of the company is to secure the sales of the products of Püssi
factory when operating in maximum capacity and the management works constantly
on it.
The turnover of the furniture factory increased by 13% and the operating profit
by 26% as compared to the same period last year, and the operating profit was
238 thousand euros. The furniture factory is efficient and profitable; the
operating profit margin of the second quarter was 11.5%.
The turnover of furniture retail chain increased by 14% as compared to the same
period last year being 569 thousand euros and the operating profit was 63
thousand euros. The sales of Skano Group AS own furniture still forms a
considerable part of the retail sale and it enables the furniture factory to
operate much more profitably than it would be possible without its own retail
chain.
INCOME STATEMENT
Consolidated net sales of second quarter 2012 was 4.9 mil. euros (4.3 mil.
euros in same period of 2011) representing a 13% increase on the second quarter
compared to Q2 2011. The Group’s gross margin in the second quarter of 2012 was
17.9% compared to 24.2% in the second quarter of 2011. Consolidated operating
profit amounted to 0.1 mil. euros (0.1 mil. euros in same period 2011). The
consolidated operating margin of net sales was 2.2% (6.9% in Q2 2011).
Consolidated EBITDA amounted to 364 thousand euros, compared to 459 thousand
euros in Q2 2011. Consolidated net profit amounted to 39 thousand euros,
compared to 273 thousand euros in Q2 2011, and the net margin was 0.8% (6.3% in
Q2 2011).
POSITION OF FINANCIAL STATEMENT
As of 30.6.2012 the total assets of Skano Group AS amounted to 16.1 mil. euros
(31.12.2011: 16.0 mil. euros). The liabilities of the company accounted for
53.1% (31.12.2011: 51.8%) thereof, i.e. 8.5 mil. euros (31.12.2011: 8.3 mil.
euros).
Receivables and prepayments have increased by 0.4 mil. euros i.e. 26% increase
with 6 months. The reason of increase of receivables is small sales in December
2011, which essentially lowered the amount of receivables at the end of
December.
Inventories increased by 0.1 mil. euros to reach 3.3 mil. euros on 30.6.2012.
(31.12.2011: 3.2 mil. euros). Property, plant and intangibles decreased by 0.4
mil. euros mainly as a result of depreciation.
Short-term loans decreased by 0.1 mil. euros and amounted to 1.3 mil. euros in
30.6.2012 (31.12.2011: 1.4 mil. euros). Supplier payables, tax liabilities,
other payables, including payables to employees, and provisions amounted to 2.5
mil. euros (31.12.2011: 2.1 mil. euros). Current and non-current liabilities
increased by 0.2 mil. euros to 8.5 mil. euros (31.12.2011: 8.3 mil. euros).
DIVISIONAL REVIEW
NET SALES BY BUSINESS SEGMENTS
th EUR % of net sales
---------------------------------------------------------------
Q2 2012 Q2 2011 Q2 2012 Q2 2011
---------------------------------------------------------------
Building Materials Division 2,621 2,206 53.7% 51.2%
---------------------------------------------------------------
Furniture Factory 2,070 1,830 42.4% 42.4%
---------------------------------------------------------------
Retail sales of furniture 569 497 11.7% 11.5%
---------------------------------------------------------------
Elimination (379) (221) (7.8%) (5.1)%
---------------------------------------------------------------
TOTAL 4,881 4,312 100.0% 100.0%
---------------------------------------------------------------
NET SALES BY GEOGRAPHICAL SEGMENTS
th EUR % of net sales
---------------------------------------------------
Q2 2012 Q2 2011 Q2 2012 Q2 2011
---------------------------------------------------
Finland 1,569 1,723 32.1% 40.0%
---------------------------------------------------
Russia 1,480 1,141 30.3% 26.5%
---------------------------------------------------
Estonia 676 708 13.8% 16.4%
---------------------------------------------------
Great Britain 312 13 6.4% 0.3%
---------------------------------------------------
Ukraine 188 199 3.9% 4.6%
---------------------------------------------------
Latvia 154 91 3.2% 2.1%
---------------------------------------------------
Nederland 124 0 2.5% 0.0%
---------------------------------------------------
Sweden 128 128 2.6% 3.0%
---------------------------------------------------
Lithuania 86 111 1.8% 2.6%
---------------------------------------------------
Kazakhstan 40 42 0.8% 1.0%
---------------------------------------------------
Denmark 31 39 0.6% 0.9%
---------------------------------------------------
Germany 23 31 0.5% 0.7%
---------------------------------------------------
India 15 8 0.3% 0.2%
---------------------------------------------------
China 8 22 0.2% 0.5%
---------------------------------------------------
Other countries 47 56 1.0% 1.3%
---------------------------------------------------
TOTAL 4,881 4,312 100.0% 100.0%
---------------------------------------------------
Regarding the markets, turnover has increased in Russia UK, Latvia and
Nederland. The percentage of turnover has decreased in most in Finland.
PROFIT BY BUSINESS SEGMENTS
th EUR Q2 2012 Q2 2011
---------------------------------------------
Furniture Factory 238 189
---------------------------------------------
Retail sales of furniture 63 (39)
---------------------------------------------
Building Materials Division (167) 142
---------------------------------------------
Elimination (26) 6
---------------------------------------------
TOTAL 108 298
---------------------------------------------
Net financial costs (67) (25)
---------------------------------------------
Income tax (2) (2)
---------------------------------------------
NET PROFIT 39 271
---------------------------------------------
BUILDING MATERIALS DIVISION
The net sales of the Building Materials Division in the second quarter of 2012
amounted to 2.6 mil. euros and loss to 167 thousand euros. In the same period
last year, the turnover of the division totalled to 2.2 mil. euros and the
profit 142 thousand euros. As compared to the previous year the turnover of the
division has increased by 415 thousand euros (19%). The growth of sales came
from production of Püssi softboard factory.
NET SALES BY GEOGRAPHICAL SEGMENTS
th EUR % of net sales
---------------------------------------------------
Q2 2012 Q2 2011 Q2 2012 Q2 2011
---------------------------------------------------
Finland 734 983 29.0% 44.6%
---------------------------------------------------
Russia 598 343 23.6% 15.5%
---------------------------------------------------
Estonia 405 540 16.0% 24.5%
---------------------------------------------------
Great Britain 312 13 12.3% 0.6%
---------------------------------------------------
Sweden 128 128 5.1% 5.8%
---------------------------------------------------
Nederland 124 0 4.9% 0.0%
---------------------------------------------------
Latvia 72 36 2.8% 1.6%
---------------------------------------------------
Denmark 31 39 1.2% 1.8%
---------------------------------------------------
Ukraine 26 8 1.0% 0.4%
---------------------------------------------------
Germany 23 31 0.9% 1.4%
---------------------------------------------------
Lithuania 22 11 0.9% 0.5%
---------------------------------------------------
India 15 8 0.6% 0.4%
---------------------------------------------------
China 8 22 0.3% 1.0%
---------------------------------------------------
Other countries 33 44 1.3% 2.0%
---------------------------------------------------
TOTAL 2,531 2,206 100.0% 100.0%
---------------------------------------------------
The biggest growth has been in sales to Great Britain, Russia and Nederland.
The percentage of sales into Finland and Estonia decreased remarkably. Despite
of the remarkable growth of sales, profit of division decreased. Instead of one
softboard production unit the company operates now with two.
th EUR Net sales Profit
-----------------------------------------------------------------
Q2 2012 Q2 2011 Q2 2012 Q2 2011
-----------------------------------------------------------------
Pärnu softboard factory 1,190 1,638 (24) 118
-----------------------------------------------------------------
Pärnu interior boards factory 486 505 24 49
-----------------------------------------------------------------
Püssi softboard factory 709 - (203) (38)
-----------------------------------------------------------------
Not allocated 146 63 36 13
-----------------------------------------------------------------
TOTAL 2,531 2,206 (167) 142
-----------------------------------------------------------------
The net sales of the Pärnu softboard factory and interiors boards line
decreased 27% in the second quarter of 2012 compared to the same quarter of
2011 and amounted to 1.2 mil. euros. The loss is connected with the decreasing
sales volumes, mainly in Finland, where the issue of building permits and thus
the volume of construction decreased considerably in the beginning of the
current year. The priority of the company is to expand sales outside today’s
domestic markets to compensate lower demand in neighbouring countries and
diversify market risks.
The turnover of Püssi fibreboard factory amounted to 709 thousand euros and
operating loss to 203thousand euros. The sales of products of Püssi factory
have been smaller than expected. Company succeeded in concluding delivery
contracts with several big clients, but sales volumes are not sufficient to run
the Püssi factory at full load. The company continues negotiations with several
clients, but unfortunately the sales activity is inert and the conclusion of
larger delivery contracts and reaching higher sales volumes takes time.
Although in the fourth quarter of the previous year Püssi factory reached a
position to guarantee a sufficient volume, security of supply and quality for
corporate clients without taking big risks, the attainment of actual greater
amounts of supplies has taken longer than expected due to the decreased demand
in Finland, general uncertainty in the economic environment in Europe, as well
as a relatively lengthy procurement processes of bigger retail chains. Whereas
the existing customer base of Skano Group AS prefers keeping of low level
reserves in the today’s environment and in the today’s environment we do not
expect a great increase in the number of orders from the same clients, then
practically a total production volume of Püssi factory shall be sold to new
clients.
Today Püssi factory is operating at approximately of 70% of its capacity and it
is difficult to make exact prognosis about the increase of production volume
due to instability in the world. On the other hand it is good that in Püssi
factory we make products for Asian markets and currently considerable amount of
products is already on the way to clients, but as container transportation
takes six weeks on average those volumes are not immediately reflected in the
present report as sales of the group. In addition we have started sales to
Brazil and Australia.
It is also important to note that due to high fixed costs, the factory shall,
for a profitable outcome, be operated at as high capacity as possible, which
shall ensure a lower average cost price of the product. We are still confident
that purchasing of the Püssi was a very good decision in the medium term and
after introducing of significant technological and procedural changes in the
factory we succeed in reducing the cost price more than we had expected before
the purchase of the factory.
FURNITURE DIVISION
FURNITURE RETAIL SALES
Skano Group AS retail business is operated by a private limited company Skano
Furniture OÜ and its subsidiaries in Latvia, Lithuania and Ukraine. Skano has
totally 9 stores in Tallinn (2), Pärnu, Riga, Vilnius, Kiev, Donetsk, Kharkiv
and Dnipropetrovs’k at the end of the second quarter.
RETAIL SALES BY COUNTRIES
th EUR % of net sales Number of stores
-----------------------------------------------------------------
Q2 2012 Q2 2011 Q2 2012 Q2 2011 30.06.12 30.06.11
-----------------------------------------------------------------
Estonia 261 152 45.9% 30.6% 3 3
-----------------------------------------------------------------
Latvia 82 55 14.4% 11.1% 1 1
-----------------------------------------------------------------
Lithuania 64 100 11.2% 20.1% 1 2
-----------------------------------------------------------------
Ukraine 162 190 28.5% 38.2% 4 7
-----------------------------------------------------------------
TOTAL 569 497 100.0% 100.0% 9 13
-----------------------------------------------------------------
The furniture retail sales has reached to the profitable sales level, and it
results with profit 63 thousand euros in second quarter 2012. Profit from
currency exchange rate of hryvnia was 50 thousand euros.
FURNITURE PRODUCTION
The net sales of the Furniture Factory in the second quarter amounted to 2.1
mil. euros and profit to 238 thousand euros. In the same period last year, the
turnover of the factory totalled to 1.8 mil. euros and the profit 189 thousand
euros. As compared to the previous year the turnover of the factory has
increased by 240 thousand euros and the profit has increased 49 thousand euros.
FURNITURE FACTORY SALES BY COUNTRIES
th EUR % of net sales
---------------------------------------------------
Q2 2012 Q2 2011 Q2 2012 Q2 2011
---------------------------------------------------
Russia 882 798 42.6% 43.6%
---------------------------------------------------
Finland 835 740 40.3% 40.4%
---------------------------------------------------
Kazakhstan 40 42 1.9% 2.3%
---------------------------------------------------
Estonia 10 17 0.5% 0.9%
---------------------------------------------------
Other countries 14 12 0.7% 0.7%
---------------------------------------------------
Subsidiaries 289 221 14.0% 12.1%
---------------------------------------------------
TOTAL 2,070 1,830 100.0% 100.0%
---------------------------------------------------
FORECAST AND DEVELOPMENT
BUILDING MATERIALS DIVISION. The main production line of Pärnu fibreboard
factory is operating at reduced capacity in the third quarter. Production lines
of Isotex interior finishing boards use one or two shifts as necessary. Due to
low demand Püssi factory is operating at approximately of 70% of its capacity
in the third quarter of the year 2012. In addition we plan to increase the
maximum production speed of Püssi factory production line by ca 30% in the
third quarter of the current year and lower the cost price of the product.
Decrease of the cost price helps Püssi factory to overcome the breakeven point
even in case of a considerably low production volume.
We expect the sales of building material sector in August to be more than 1
million euros which is ca 40% of the sales of the second quarter and it shows
that sales volumes are slightly increasing again.
FURNITURE RETAIL SALES. We expect small growth of retail sale in the third
quarter of 2012. If we shall get good contract conditions, we shall open one
store in Kiev.
FURNITURE FACTORY.In the third quarter of 2012 we do not plan any increase in
turnover of the furniture factory as compared to the second quarter since the
period includes the collective vacation of the factory. Sales volumes are also
negatively affected by insecurity among customers in Finland and thus the
production volume stays lower than possible production capacity would allow.
FINANCIAL HIGHLIGHTS
th EUR 6 m 2012 6 m 2011 6 m 2010
---------------------------------------------------
Income statement
---------------------------------------------------
Revenue 9,440 8,336 6,360
---------------------------------------------------
EBITDA 511 719 680
---------------------------------------------------
EBITDA margin 5.4% 8.6% 10.7%
---------------------------------------------------
Operating profit 10 427 443
---------------------------------------------------
Operating margin 0.1% 5.1% 7.0%
---------------------------------------------------
Net profit (134) 373 390
---------------------------------------------------
Net margin (1.4%) 4.5% 6.1%
---------------------------------------------------
----------------------------------------------------
Balance sheet (30.6)
---------------------------------------------------
Total assets 16,050 13,467 9,115
---------------------------------------------------
Return on assets (0.8%) 2.8% 4.3%
---------------------------------------------------
Equity 7,532 5,716 5,331
---------------------------------------------------
Return on equity (1.8%) 6.5% 7.3%
---------------------------------------------------
Debt-to-equity ratio 53.1% 57.6% 41.5%
---------------------------------------------------
----------------------------------------------------
Share (30.6)
---------------------------------------------------
Closing price 1.31 1.74 0.95
---------------------------------------------------
Earnings per share (0.03) 0.08 0.09
---------------------------------------------------
Price-earnings ratio - 21.75 10.56
---------------------------------------------------
Book value of a share 1.67 1.27 1.18
---------------------------------------------------
Market to book ratio 0.78 1.37 0.81
---------------------------------------------------
Market capitalization 5,894 7,828 4,274
---------------------------------------------------
EBITDA = Earnings before interest, taxes, deprecation and amortization
EBITDA margin = EBITDA / Revenue
Operating margin = Operating profit / Revenue
Net margin = Net profit / Revenue
Return on assets = Net profit / Total assets
Return on equity = Net profit / Equity
Debt-to-equity ratio = Liabilities / Total assets
Earnings per share = Net profit / Total shares
Price-earnings ratio = Closing price / Earnings per share
Book value of a share = Equity / Total shares
Market to book ratio = Closing price / Book value of a share
Market capitalization = Closing price * Total shares
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
th EUR 30.6.2012 31.12.2011 30.6.2011
----------------------------------------------------------------
----------------------------------------------------------------
Cash and bank 174 206 276
----------------------------------------------------------------
Receivables and prepayments 2,116 1,674 1,927
----------------------------------------------------------------
Inventories 3,268 3,177 2,850
----------------------------------------------------------------
Total current assets 5,558 5,057 5,053
----------------------------------------------------------------
----------------------------------------------------------------
Investment property 185 185 185
----------------------------------------------------------------
Tangible fixed assets 10,294 10,692 8,211
----------------------------------------------------------------
Intangible fixed assets 13 16 18
----------------------------------------------------------------
Total fixed assets 10,492 10,893 8,414
----------------------------------------------------------------
----------------------------------------------------------------
TOTAL ASSETS 16,050 15,950 13,467
----------------------------------------------------------------
-----------------------------------------------------------------
Debt obligations 1,277 1,380 662
----------------------------------------------------------------
Payables and prepayments 2,507 2,137 1,904
----------------------------------------------------------------
Short-term provisions 5 11 3
----------------------------------------------------------------
Total current liabilities 3,789 3,528 2,569
----------------------------------------------------------------
----------------------------------------------------------------
Non-current debt obligations 4,490 4,490 4,984
----------------------------------------------------------------
Non-current provisions 239 239 198
----------------------------------------------------------------
Total non-current liabilities 4,729 4,729 5,182
----------------------------------------------------------------
----------------------------------------------------------------
Total liabilities 8,518 8,257 7,751
----------------------------------------------------------------
----------------------------------------------------------------
Share capital at nominal value 2,699 2,699 2,875
----------------------------------------------------------------
Issue premium 364 364 364
----------------------------------------------------------------
Statutory capital reserve 288 288 288
----------------------------------------------------------------
Currency translation (38) (11) 28
----------------------------------------------------------------
Retained profits 4,353 1,788 1,788
----------------------------------------------------------------
Net profit (loss) for the year (134) 2,565 373
----------------------------------------------------------------
Total equity 7,532 7,693 5,716
----------------------------------------------------------------
----------------------------------------------------------------
TOTAL LIABILITIES AND EQUITY 16,050 15,950 13,467
----------------------------------------------------------------
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
th EUR 2nd q 2012 2nd q 2011 6 m 2012 6 m 2011
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
RETURN ON SALES 4,881 4,313 9,440 8,336
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Cost of production sold (4,007) (3,270) (7,941) (6,448)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Gross profit 874 1,043 1,499 1,888
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Marketing expenses (592) (603) (1,192) (1,184)
--------------------------------------------------------------------------------
General administrative expenses (199) (147) (309) (246)
--------------------------------------------------------------------------------
Other income 54 58 91 62
--------------------------------------------------------------------------------
Other expenses (29) (53) (79) (93)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Operating profit (loss) 108 298 10 427
--------------------------------------------------------------------------------
Financial income and financial (67) (25) (134) (50)
expenses
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Profit before taxes 41 273 (124) 377
--------------------------------------------------------------------------------
Prepaid income tax (2) (2) (10) (4)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
NET PROFIT(LOSS) FOR THE PERIOD 39 271 (134) 373
--------------------------------------------------------------------------------
Basic earnings per share 0.01 0.06 (0.03) 0.08
--------------------------------------------------------------------------------
Diluted earnings per share 0.01 0.06 (0.03) 0.08
--------------------------------------------------------------------------------
Currency translation differences (36) (3) (27) 12
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL COMPREHENSIVE INCOME 3 268 (161) 385
--------------------------------------------------------------------------------
The planned time of publishing of interim report of third quarter 2012 is week
46 (12. - 16. November 2012).
Einar Pähkel
CFO
+372 447 8331
[email protected]
www.skano.com