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AS Harju Elekter Group
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19.02.2008 09:00:00
Pealkiri
KONTSERNI MAJANDUSTULEMUSED, 1-12/2007
Teade
Harju Elektri neljanda kvartali ja kogu 2007.a. majandustulemused olid
kavandatust paremad. Õnnestunud müügitöö ja suurte projektide realiseerimisega
Euroopa Liidus ja väljapool, saavutasime head tulemused Eesti ja Soome
ettevõtetes. Müügitulude kasv korreleerus ärikulude kasvuga, mis võimaldas
saavutada korraliku rentaabluse.
miljon EEK miljon EUR Juurdekasv %
Tähtsamad näitajad 1-12/2007 1-12/2006 1-12/2007 1-12/2006
2006/2007
Müügitulu 732,0 622,1 46,8 39,8 17,7
Ärikasum enne kulumit 69,6 61,7 4,4 3,9 12,8
Ärikasum 51,5 45,2 3,3 2,9 14,0
Perioodi puhaskasum 85,9 52,0 5,5 3,3 65,1
sh emaettevõtte omanikele
kuuluv osa puhaskasumist 84,5 47,3 5,4 3,0
78,6
Kasum aktsia kohta 5,03 EEK 2,81 EEK 0,32 EUR 0,18 EUR
Perioodi lõpu seisuga
Varad kokku 720,3 757,7 46,0 48,4
Omakapital 533,2 605,6 34,1 38,7
emaettevõtte omanikele kuuluv)
Suhtarvud 2007 2006
Käibe ärirentaablus enne kulumit 9,5% 9,9%
Käibe ärirentaablus 7,0% 7,3%
Kasumi puhasrentaablus 11,7% 8,4%
Omakapitali osatähtsus 73,9% 79,9%
Töötajate keskm arv perioodis 442 439
Töötajate arv perioodi lõpus 486 427
Kontserni 2007. aasta IV kvartali müügitulud olid 206,8 miljonit krooni (13,2
miljonit eurot), kasvades eelmise aasta sama perioodiga võrreldes 23,7%.
Kaheteist kuu kokkuvõttes suurenesid müügimahud aga 17,7% 732,0 miljoni kroonini
(46,8 miljoni euroni).
Kiiremad kasvutempod olid neljandas kvartalis Eesti segmendis. Võrreldes eelmise
aasta sama kvartaliga kasvas Eesti ettevõtete müügitulu 35,8% 120,9 miljoni
kroonini (7,7 miljoni euroni). Eesti segmendi neljanda kvartali 31,9 miljoni
krooni (2,0 miljoni euro) suurusest müügitulu juurdekasvust saadi enamus, 19,1
miljonit krooni (1,2 miljonit eurot), välisturgudelt. Kokku müüdi kaheteistkümne
kuuga tooteid 408,3 miljoni krooni (26,1 miljoni euro) suuruses summas ehk 97,9
miljonit krooni (6,2 miljonit eurot) enam kui eelmisel aastal.
Nii soodne olukord Soome majanduses, vastava majandussektori tõus kui ka Soome
tütarettevõtte Satmatic Oy positiivne imago ja tuntuse kasv tagasid Soome
segmendis jätkuvalt suure müügitellimuste mahu. Neljandas kvartalis jõudis
müügimaht 66,8 miljoni kroonini (4,3 miljoni euroni), mis on 25,0% enam kui
võrreldaval perioodil ning kaheteist kuuga müüdi tooteid kokku 246,7 miljoni
krooni (15,8 miljoni euro) suuruses summas ehk 48,6 miljonit krooni (3,1
miljonit eurot) enam kui eelmisel aastal.
Leedu segmendi müügitulu oli neljandas kvartalis 19,1 miljonit krooni (1,2
miljonit eurot), olles 5,6 miljoni krooni (0,4 miljoni euro) võrra väiksem 2006.
aasta neljanda kvartali näitajast. 2006. aasta oli Leedu tütarettevõttele
erakordne - kohe aasta esimeses kvartalis sõlmiti kaks suuremahulist
peatöövõtulepingut elektriseadmete valmistamiseks ja paigaldamiseks. Projektide
tähtaegseks ja kvaliteetseks täitmiseks kasutati seadmete paigaldamiseks
alltöövõttu, mille mõju Rifase müügimahtudele oli 2006. aastal oluline. 2007.
aastat võib aga Leedu ettevõtete jaoks lugeda kordaläinuks. Realiseerus mitu
tähtsat projekti Valgevene ja Norra firmade tellimusel. Kokkuvõttes müüdi 2007.
aastal kaupu ja teenuseid 77,0 miljoni krooni (4,9 miljoni euro) väärtuses, mis
jäi kolmandiku võrra alla 2006.aasta näitajale, kuid ületas 2005.aasta
müügimahtu 19,0%.
Turgudest domineerisid peamiselt Eesti ja Soome, kus realiseeriti nii 2007. kui
ka 2006. aastal 80% Kontserni toodetest ja teenustest. Uute turgudena lisandusid
Kreeka (Euroopa Liit), Venemaa, Valgevene ja Norra.
Ärikulud kasvasid neljandas kvartalis 28,3% ja 12 kuuga 17,9%, ületades
kasvutempolt müügitulu juurdekasvu vastavalt 4,6 ja 0,2 protsendipunkti võrra.
Uute töötajate juurdetulekust kui ka palga kasvust tingituna olid kiiremad
kasvutempod tööjõukulude osas. Neljandas kvartalis tuli ärikulude 43,6 miljoni
krooni (2,8 miljoni euro) suurusest juurdekasvust 37% tööjõukulude suurenemise
arvelt ja 12 kuuga ärikulude 103,1 miljoni krooni (6,7 miljoni euro) suurusest
juurdekasvust koguni 40%.
Bilansipäeva 31. detsembri 2007 seisuga töötas kontsernis 486 (427) töötajat.
Aasta keskmine töötajate arv oli Leedus 61 (87), Soomes 78 (63) ja Eestis 304
(289).
Neljanda kvartali kogukasum oli 36,8 miljonit krooni (2,4 miljonit eurot),
ületades võrreldavat näitajat 15,7%. Mõjutatuna juhtkonna otsustest ja
hinnangutest ning aastainventuuride tulemustest olid ärikulud neljandas
kvartalis tavapärasest suuremad, mistõttu jäid nii neljanda kvartali kasumid kui
ka kasumimarginaalid väiksemaks võrreldava perioodi näitajatest. Kaheteist kuu
kokkuvõttes oli aga kogukasumi kasvutempo 22,1%, jõudes 136,7 miljoni kroonini
(8,7 miljoni euroni)ja ületades müügitulu kasvu 4,4 protsendipunkti võrra.
Ärikasum kasvas võrreldes eelmise aastaga 14,0% 51,5 miljoni kroonini (3,3
miljoni euroni). Ärirentaablus püsis tavapärase 7% piirimail.
Sidusettevõtetelt konsolideeriti neljandas kvartalis 4,0 miljonit krooni (0,3
miljonit eurot) kahjumit, mis oli 3,5 miljonit krooni (218 tuhat eurot) enam kui
võrreldaval perioodil. Aastaga konsolideeriti sidusettevõtetelt kasumit 73 tuhat
krooni (5 tuhat eurot), võrreldaval perioodil 1,7 miljonit krooni (1,0 miljonit
eurot) kasumit.
12 kuu konsolideeritud puhaskasum oli 85,9 miljonit krooni ehk 5,5 miljonit
eurot, võrreldaval perioodil 52,0 miljonit krooni ehk 3,3 miljonit eurot.
Emaettevõtte omanike osa puhaskasumis oli 84,5 miljonit krooni (5,4 miljonit
eurot) ja võrreldaval perioodil 47,3 miljonit krooni (3,0 miljonit eurot).
Puhaskasum aktsia kohta oli 5,03 krooni (0,32 eurot) ja võrreldaval perioodil
2,81 krooni (0,18 eurot).
Kontserni investeeris 2007. aastal materiaalsesse- ja immateriaalsesse
põhivarasse ning kinnisvarasse kokku 43,2 miljonit krooni (2,7 miljonit eurot),
võrreldaval perioodil 34,1 miljonit krooni ( 2,2 miljonit eurot).
Andres Allikmäe
Juhatuse esimees
6 747 400
Lisainformatsioon: Harju Elektri IV kvartali ja 12 kuu vahearuanne ning Karin
Padjus, juhatuse liige (tel 6 747 403).
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| KONSOLIDEERITUD BILANSS 31.12.07 | | | | |
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| Konsolideeritud, auditeerimata | | | | |
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| Kontsern | | | | |
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| 000 | EEK | | EUR | |
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| VARAD | 31.12.0 | 31.12.0 | 31.12.07 | 31.12.06 |
| | 7 | 6 | | |
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| Raha, pangakontod | 26 223 | 6 712 | 1 676 | 429 |
| | | | | |
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| Nōuded ostjate vastu ja muud | 84 603 | 82 765 | 5 407 | 5 290 |
| nõuded | | | | |
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| Ettemaksed | 1 548 | 845 | 99 | 54 |
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| sh ettevõtte tulumaks | 717 | 2 | 46 | 0 |
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| Varud | 128 639 | 79 030 | 8 222 | 5 050 |
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| Käibevara kokku | 241 013 | 169 352 | 15 404 | 10 823 |
| | | | | |
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| Sidusettevõtete aktsiad | 21 975 | 25 187 | 1 404 | 1 610 |
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| Pikaajalised finantsinvesteering | 215 236 | 344 884 | 13 756 | 22 042 |
| | | | | |
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| Kinnisvarainvesteeringud | 133 839 | 127 268 | 8 554 | 8 134 |
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| Materiaalne põhivara | 104 987 | 87 446 | 6 710 | 5 589 |
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| Immateriaalne põhivara | 3 269 | 3 595 | 209 | 230 |
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| Põhivara kokku | 479 306 | 588 380 | 30 633 | 37 605 |
| | | | | |
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| Varad kokku | 720 319 | 757 732 | 46 037 | 48 428 |
| | | | | |
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| KOHUSTUSED JA OMAKAPITAL | | | | |
| | | | | |
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| Võlakohustused | 28 012 | 20 772 | 1 790 | 1 328 |
| | | | | |
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| Võlad tarnijatele ja muud võlad | 106 497 | 73 496 | 6 806 | 4 697 |
| | | | | |
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| Maksuvõlad | 12 008 | 12 268 | 768 | 784 |
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| sh ettevõtte tulumaks | 672 | 2 401 | 43 | 154 |
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| Lühiajalised eraldised | 1 421 | 100 | 91 | 6 |
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| Kokku lühiajal.kohustused | 147 938 | 106 636 | 9 455 | 6 815 |
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| Pikaajalised võlakohustused | 20 313 | 26 568 | 1 298 | 1 698 |
| | | | | |
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| Muu pikaajaline võlg | 469 | 469 | 30 | 30 |
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| Pikaajalised kohustused kokku | 20 782 | 27 037 | 1 328 | 1 728 |
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| Kohustused kokku | 168 720 | 133 673 | 10 783 | 8 543 |
| | | | | |
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| Aktsiakapital | 168 000 | 168 000 | 10 737 | 10 737 |
| | | | | |
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| Ülekurss | 6 000 | 6 000 | 384 | 384 |
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| Reservkapital | 207 259 | 331 552 | 13 246 | 21 190 |
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| Jaotamata kasum | 151 898 | 100 078 | 9 708 | 6 396 |
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| Kokku omakapital | 533 157 | 605 630 | 34 075 | 38 707 |
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| Vähemusosa | 18 442 | 18 429 | 1 179 | 1 178 |
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| Kohust.ja omakapital kokku | 720 319 | 757 732 | 46 037 | 48 428 |
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| KASUMIARUANNE | | | | |
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| KONSOLIDEERITUD KASUMIARUANNE | | | |
| 01.01.-31.12.07 | | | |
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| Konsolideeritud, auditeerimata | | | | |
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| EEK'000 | IV kvartal | 12 kuud | |
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| Kontsern | 2007 | 2006 | 2007 | 2006 |
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| Realiseerimise netokäive | 206 761 | 167 132 | 731 985 | 622 087 |
| | | | | |
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| Realiseeritud toodete kulud | -169 | -135 | -595 320 | -510 152 |
| | 941 | 284 | | |
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| Kogukasum | 36 820 | 31 848 | 136 665 | 111 935 |
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| Turustuskulud | -12 860 | -8 226 | -36 843 | -27 156 |
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| Üdhalduskulud | -15 002 | -10 696 | -47 723 | -39 490 |
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| Muud äritulud | 410 | 16 | 588 | 667 |
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| Muud ärikulud | 0 | -442 | -1175 | -782 |
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| Ärikasum | 9 368 | 12 500 | 51 512 | 45 174 |
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| Neto finantstulud/ (-kulud) | -830 | -1 319 | 43 119 | 15 341 |
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| Tulu sidusettevõtetest | -3 961 | -544 | 73 | 1 723 |
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| Kasum enne maksustamist | 4 577 | 10 637 | 94 704 | 62 238 |
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| Tulumaks | -89 | -2 837 | -8 765 | -10 195 |
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| Maksustamisjärgne kasum, sh | 4 488 | 7 800 | 85 939 | 52 043 |
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| emaettevõtte omanike osa | 4 857 | 6 362 | 84 460 | 47 289 |
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| vähemusosa | -369 | 1 438 | 1 479 | 4 754 |
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| Tava ja lahustatud | | | | |
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| puhaskasum aktsia kohta | 0,29 | 0,38 | 5,03 | 2,81 |
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| EUR'000 | IV kvartal | 12 kuud | |
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| Kontsern | 2007 | 2006 | 2007 | 2006 |
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| Realiseerimise netokäive | 13 214 | 10 682 | 46 782 | 39 759 |
| | | | | |
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| Realiseeritud toodete kulud | -10 861 | -8 647 | -38 048 | -32 605 |
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| Kogukasum | 2 353 | 2 035 | 8 734 | 7 154 |
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| Turustuskulud | -822 | -525 | -2 355 | -1 736 |
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| Üdhalduskulud | -959 | -684 | -3 050 | -2 524 |
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| Muud äritulud | 27 | 1 | 38 | 43 |
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| Muud ärikulud | 0 | -28 | -75 | -50 |
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| Ärikasum | 599 | 799 | 3 292 | 2 887 |
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| Neto finantstulud/ (-kulud) | -53 | -84 | 2756 | 980 |
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| Tulu sidusettevõtetest | -253 | -35 | 5 | 111 |
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| Kasum enne maksustamist | 293 | 680 | 6 053 | 3 978 |
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| Tulumaks | -6 | -181 | -560 | -652 |
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| Maksustamisjärgne kasum, sh | 287 | 499 | 5 493 | 3 326 |
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| emaettevõtte omanike osa | 311 | 407 | 5 398 | 3 022 |
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| vähemusosa | -24 | 92 | 95 | 304 |
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| Tava ja lahustatud | | | | |
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| puhaskasum aktsia kohta | 0,02 | 0,04 | 0,32 | 0,18 |
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Karin Padjus
Finantsdirektor
6 747 403
Pealkiri
FINANCIAL RESULTS, 1-12/2007
Teade
The operating results of Harju Elekter in the fourth quarter and for the entire year 2007 were better than planned. With successful sales work and execution of large projects in the European Union and elsewhere, we achieved good results in Estonian and Finnish companies. The growth of sales revenue correlated with the growth of business expenses, which enabled us to achieve sound profitability. million EEK million EUR growth % Key figures 1-12/2007 1-12/2006 1-12/2007 1-12/2006 2006/2007 Turnover 732.0 622.1 46.8 39.8 17.7 EBITDA 69.6 61.7 4.4 3.9 12.8 Operating profit 51.5 45.2 3.3 2.9 14.0 Net profit for the period 85.9 52.0 5.5 3.3 65.1 incl equity holders of the Parent 84.5 47.3 5.4 3.0 78.6 EPS 5.03 EEK 2.81 EEK 0.32 EUR 0.18 EUR 94.3 At the end of the period Total assets 720.3 757.7 46.0 48.4 Owners'equity 533.2 605.6 34.1 38.7 Performance indicators 2007 2006 EBITDA 9.5% 9.9% EBIT 7.0% 7.3% Net profit margin 11.7% 8.4% Equity ratio 73.9% 79.9% Average number of employees 442 439 No of employees on 31.12.2007 486 427 The sales revenue of the Group in the fourth quarter was 206.8 million kroons (13.2 million euros), growing 23.7% compared to the same period in the previous year. During the year the sales volumes increased 17.7% to 732.0 million kroons (46.8 million euros). The fastest growth pace was in the fourth quarter in the Estonian segment. Compared to the fourth quarter of the previous year, the sale of Estonian companies increased 35.8% to 120.9 million kroons (7.7 million euros). The majority - 19.1 million kroons (1.2 million euros) - from 31.9 million kroons (2.0 million euros) of the growth in the Q4 turnover of the Estonian segment was achieved in foreign markets. In the twelve months were products sold in the total amount of 408.3 million kroons (26.1 million euros), which is 97.9 million kroons (6.2 million euros) more than in the previous year. The favourable condition in Finnish economy, the growth in the given economic sector and the positive imago of the Finnish subsidiary Satmatic Oy ensured a continuously large amount of sales orders in the Finnish sector. The sales volume in the fourth quarter reached 66.8 million kroons (4.3 million euros), which is 25.0% more than in the reference period and within the year 2007 products were sold in the total amount of 246.7 million kroons (15.8 million euros), which is 48.6 million kroons (3.1 million euros) more than in the previous year. Sales revenue for the Lithuanian segment in the fourth quarter was 19.1 million kroons (1.2 million euros), being 5.6 million kroons (0.4 million euros) less than the fourth quarter results in 2006. The year 2006 was an extraordinary year for the Lithuanian subsidiary: right off in the first quarter of the year, two high-volume contracts for services were concluded for the manufacturing and installation of electrical equipment. Sub-contracting was used for equipment installation, to execute the contracts in a timely and quality manner, which had a significant effect on the sales volumes for Rifas in 2006. The year 2007, however, may be considered a success for the Lithuanian businesses. Several important projects became reality to the Belarusian and Norwegian companies. All in all the twelve-month sales volume of 77.0 million kroons (4.9 million euros) fell one-third short of 2006 results, yet outstripped the same result for 2005 by 19.0%. Of the markets dominated mainly Estonia and Finland, where 80% of the Group's products and services were sold both in the years 2007 and 2006. As a new markets, Greece (the EU), Russia, Belarus and Norway were added during the year. In the fourth quarter, business expenses increased by 28.3% and in the 12 months by 17.9%, exceeding the growth of the return on sales by 4.6 and 0.2 percentage points, respectively. Due to the addition of new employees and the increase in wages, the fastest growth rates were in the field of labour costs. Of the 43.6 million kroons (2.8 million euros) increase in business expenses during the fourth quarter, 37% was accounted for by the increase in labour costs and as much as 40% of the 103.1 million kroons (6.7 million euros) in business expenses in the 12 month period. As of the 31 December 2007 balance sheet date, 486 (427) employees were employed by the Group. In 2007 the average number of employees at the Group was 61(87) in Lithuania, 78 (63) in Finland and 304 (289) in Estonia. The total profit of the Group in the fourth quarter was 36.8 million kroons (2.4 million euros), growing 15.7% compared to the previous year. Due to the decisions and assessments of the management board and the results of the annual inventories, business expenses were higher than usual in the fourth quarter, which is why the profits and profit margins of the fourth quarter were lower than the indicators of the comparable period. As a total of the twelve months, the growth rate of total profit was 22.1%, amounting to 136.7 million kroons (8.7 million euros), exceeding the growth of return on sales by 4.4 percentage points. The Group's operating profit within 12 months increased 14.0% to 51.5 million kroons (3.3 million euros) compared to the same period of the previous year. The operating profitability was stable in the 7% level. In fourth quarter the Group consolidated from related companies a loss of 4.0 million kroons (300 000 euros), which was 3.5 million kroons (218 000 euros) more than in the comparable period. During the year, 73,000 kroons (5,000 euros) of profit was consolidated from related companies and 1.7 million kroons (1.0 million euros) in the previous financial year. Total net profit of the Group in 2007 was MEEK 85.9 or MEUR 5.5, MEEK 52.0 or MEUR 3.3 in the period of comparison. Parent company's shareholders' share in the net profit was 84.5 million kroons (5.4 million euros) and 47.3 million kroons (3.0 million euros) in the period of comparison. EPS was 5.03 kroons (0.32 euros) and 2.81 kroons (0.18 euros) in the period of comparison. The Group invested a total of 43.2 million kroons (2.7 million euros) in tangible and intangible fixed assets and real estate in 2007, 34.1 million kroons (2.2 million euros) in the period of comparison. Andres Allikmäe Chairman of the Board +372 674 7400 For more information: Internal report 1-12/2007 of Harju Elekter and Mrs Karin Padjus, Member of the Board (phone +372 674 7403). -------------------------------------------------------------------------------- | AS HARJU ELEKTER | | | | | -------------------------------------------------------------------------------- | BALANCE SHEET, 31.12.07 | | | | | -------------------------------------------------------------------------------- | Consolidated, unaudited | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Group | | | | | -------------------------------------------------------------------------------- | in thousands | EEK | | EUR | | -------------------------------------------------------------------------------- | ASSETS | 31.12.07 | 31.12.06 | 31.12.07 | 31.12.06 | | | | | | | -------------------------------------------------------------------------------- | Cash and cash equivalents | 26 223 | 6 712 | 1 676 | 429 | -------------------------------------------------------------------------------- | Trade receivables and other | 84 603 | 82 765 | 5 407 | 5 290 | | receivables | | | | | -------------------------------------------------------------------------------- | Prepayments | 1 548 | 845 | 99 | 54 | -------------------------------------------------------------------------------- | Inclusive income tax | 717 | 2 | 46 | 0 | -------------------------------------------------------------------------------- | Inventories | 128 639 | 79 030 | 8 222 | 5 050 | -------------------------------------------------------------------------------- | TOTAL CURRENT ASSETS | 241 013 | 169 352 | 15 404 | 10 823 | | | | | | | -------------------------------------------------------------------------------- | Investments in associates | 21 975 | 25 187 | 1 404 | 1 610 | -------------------------------------------------------------------------------- | Other long-term financial | 215 236 | 344 884 | 13 756 | 22 042 | | investments | | | | | -------------------------------------------------------------------------------- | Investment property | 133 839 | 127 268 | 8 554 | 8 134 | -------------------------------------------------------------------------------- | Property, plant and equipment | 104 987 | 87 446 | 6 710 | 5 589 | -------------------------------------------------------------------------------- | Intangible assets | 3 269 | 3 595 | 209 | 230 | -------------------------------------------------------------------------------- | Total non-current assets | 479 306 | 588 380 | 30 633 | 37 605 | -------------------------------------------------------------------------------- | TOTAL ASSETS | 720 319 | 757 732 | 46 037 | 48 428 | | | | | | | -------------------------------------------------------------------------------- | LIABILITIES AND OWNERS' EQUITY | | | | -------------------------------------------------------------------------------- | Interest-bearing loans and | 28 012 | 20 772 | 1 790 | 1 328 | | borrowings | | | | | -------------------------------------------------------------------------------- | Trade payables and other | 106 497 | 73 496 | 6 806 | 4 697 | | payables | | | | | -------------------------------------------------------------------------------- | Tax liabilities | 12 008 | 12 268 | 768 | 784 | -------------------------------------------------------------------------------- | Inclusive income tax | 672 | 2 401 | 43 | 154 | -------------------------------------------------------------------------------- | Short-term provision | 1 421 | 100 | 91 | 6 | -------------------------------------------------------------------------------- | TOTAL CURRENT LIABILITIES | 147 938 | 106 636 | 9 455 | 6 815 | | | | | | | -------------------------------------------------------------------------------- | NON-CURRENT LIABILITIES | 20 313 | 26 568 | 1 298 | 1 698 | | | | | | | -------------------------------------------------------------------------------- | Other non-current liabilities | 469 | 469 | 30 | 30 | -------------------------------------------------------------------------------- | Total non-current liabilities | 20 782 | 27 037 | 1 328 | 1 728 | -------------------------------------------------------------------------------- | TOTAL LIABILITIES | 168 720 | 133 673 | 10 783 | 8 543 | | | | | | | -------------------------------------------------------------------------------- | Share capital | 168 000 | 168 000 | 10 737 | 10 737 | | | | | | | -------------------------------------------------------------------------------- | Paid-in capital over/under par | 6 000 | 6 000 | 384 | 384 | -------------------------------------------------------------------------------- | Restricted reserves | 207 259 | 331 552 | 13 246 | 21 190 | | | | | | | -------------------------------------------------------------------------------- | Retained earnings | 151 898 | 100 078 | 9 708 | 6 396 | | | | | | | -------------------------------------------------------------------------------- | TOTAL OWNERS' EQUITY | 533 157 | 605 630 | 34 075 | 38 707 | | | | | | | -------------------------------------------------------------------------------- | Minority interests | 18 442 | 18 429 | 1 179 | 1 178 | -------------------------------------------------------------------------------- | TOT.LIABILIT.AND OWNERS' EQUITY | 720 319 | 757 732 | 46 037 | 48 428 | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | INCOME STATEMENT, 1-12/2007 | | | | | -------------------------------------------------------------------------------- | Consolidated,unaudited | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EEK'000 | | | | | -------------------------------------------------------------------------------- | GROUP | Q4 2007 | Q4 2006 | 1-12/200 | 1-12/200 | | | | | 7 | 6 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NET SALES | 206 761 | 167 132 | 731 985 | 622 087 | -------------------------------------------------------------------------------- | Cost of goods sold | -169 941 | -135 284 | -595 320 | -510 152 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Gross profit | 36 820 | 31 848 | 136 665 | 111 935 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Marketing expenses | -12 860 | -8 226 | -36 843 | -27 156 | -------------------------------------------------------------------------------- | Administrative expenses | -15 002 | -10 696 | -47 723 | -39 490 | -------------------------------------------------------------------------------- | Other revenue | 410 | 16 | 588 | 667 | -------------------------------------------------------------------------------- | Other expenses | 0 | -442 | -1175 | -782 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating profit | 9 368 | 12 500 | 51 512 | 45 174 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net financial incomes/expenses | -830 | -1 319 | 43 119 | 15 341 | -------------------------------------------------------------------------------- | Income from subsidiaries | -3 961 | -544 | 73 | 1 723 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit from normal operations | 4 577 | 10 637 | 94 704 | 62 238 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Corporate Income tax | -89 | -2 837 | -8 765 | -10 195 | -------------------------------------------------------------------------------- | Profit after taxes, incl | 4 488 | 7 800 | 85 939 | 52 043 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net profit for the period | 4 857 | 6 362 | 84 460 | 47 289 | -------------------------------------------------------------------------------- | Minority interest | -369 | 1 438 | 1 479 | 4 754 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Basic and diluted | | | | | -------------------------------------------------------------------------------- | earnings per share | 0,29 | 0,38 | 5,03 | 2,81 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR'000 | | | | | -------------------------------------------------------------------------------- | GROUP | Q4 2007 | Q4 2006 | 1-12/200 | 1-12/200 | | | | | 7 | 6 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NET SALES | 13 214 | 10 682 | 46 782 | 39 759 | -------------------------------------------------------------------------------- | Cost of goods sold | -10 861 | -8 647 | -38 048 | -32 605 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Gross profit | 2 353 | 2 035 | 8 734 | 7 154 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Marketing expenses | -822 | -525 | -2 355 | -1 736 | -------------------------------------------------------------------------------- | Administrative expenses | -959 | -684 | -3 050 | -2 524 | -------------------------------------------------------------------------------- | Other revenue | 27 | 1 | 38 | 43 | -------------------------------------------------------------------------------- | Other expenses | 0 | -28 | -75 | -50 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating profit | 599 | 799 | 3 292 | 2 887 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net financial incomes/expenses | -53 | -84 | 2756 | 980 | -------------------------------------------------------------------------------- | Income from subsidiaries | -253 | -35 | 5 | 111 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit from normal operations | 293 | 680 | 6 053 | 3 978 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Corporate Income tax | -6 | -181 | -560 | -652 | -------------------------------------------------------------------------------- | Profit after taxes, incl | 287 | 499 | 5 493 | 3 326 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net profit for the period | 311 | 407 | 5 398 | 3 022 | -------------------------------------------------------------------------------- | Minority interest | -24 | 92 | 95 | 304 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Basic and diluted | | | | | -------------------------------------------------------------------------------- | earnings per share | 0,02 | 0,04 | 0,32 | 0,18 | -------------------------------------------------------------------------------- Karin Padjus Financial manager 67 47 403