Börsiteade
Nordic Fibreboard AS
LEI kood
54930002HOIXBD15OM06
Emitendi suuruskategooria
Väikekontsern
Majandustegevusalad
Finants- ja kindlustustegevus
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
2953
Manused
Esitamise kuupäev ja aeg
11.11.2010 16:05:00
Teate sisu eesti keeles
Pealkiri
Majandustulemused, 9 kuud 2010
Teade
Kasumiaruanne Aruandeaasta III kvartali müügitulu oli 55,0 mln krooni/3,5 mln eurot (2009 aastal 47,4 mln krooni/3,0 mln eurot) mis tähendab 2009 aasta III kvartaliga võrreldes 15,9%-list kasvu. Kontserni müügikäibe brutorentaablus oli 2010 aasta III kvartalis 22,8% võrrelduna 2009 aasta III kvartali 19,9%-ga. Konsolideeritud ärikasum oli 3,1 mln krooni/201 tuhat eurot (2009 aastal ärikahjum 0,8 mln krooni/53 tuhat eurot). Konsolideeritud müügikäibe ärirentaablus oli 5,7% (võrrelduna 2009 aasta III kvartali -1,7%-ga). Konsolideeritud puhaskasum oli 2,7 mln krooni/172 tuhat eurot võrrelduna 2009 aasta III kvartali puhaskahjumiga 1,5 mln krooni/96 tuhat eurot ja puhasrentaablus oli 4,9% (võrrelduna 2009 aasta III kvartali -3,2%-ga). 2010 aasta III kvartalis oli kontserni omakapitali puhasrentaablus 3,3% (võrrelduna 2009 aasta III kvartali -2,2%-ga) ja varade puhasrentaablus 1,9% (võrrelduna 2009 aasta III kvartali -1,1%-ga). Finantsseisundi aruanne Kontserni koguvarade maht oli 30.9.2010 seisuga 142,5 mln krooni/9,1 mln eurot (31.12.2009: 132,8 mln krooni/8,5 mln eurot), millest ettevõtte kohustused moodustasid 30.9.2010 seisuga 62,2 mln krooni/4,0 mln eurot (31.12.2009: 61,3 mln krooni/3,9 mln eurot) ehk 44% (31.12.2009: 46%). Nõuded ja ettemaksud on suurenenud 6,1 mln krooni/0,4 mln eurot, kasvades 9 kuuga 32%. Nõuete suurenemise peamiseks põhjuseks on nõrk müük 2009 aasta detsembris, mis vähendas detsembri lõpuks nõuete saldot oluliselt. Varud kasvasid 1,6 mln krooni/0,1 mln eurot, moodustades 30.9.2010 seisuga 43,6 mln krooni/2,8 mln eurot (31.12.2009: 41,9 mln krooni/2,7 mln eurot). Materiaalne ja immateriaalne põhivara kasvas 3,0 mln krooni/0,2 mln eurot. Lühiajalised laenukohustused olid seisuga 30.9.2010 2,8 mln krooni/0,2 mln eurot (31.12.2009: 8,0 mln krooni/0,5 mln eurot) ja vähenesid 9 kuuga kokku 5,3 mln krooni/0,3 mln eurot. Võlad hankijatele, maksukohustused, muud võlad, sh võlad töötajatele ja eraldised moodustasid 24,3 mln kooni/1,6 mln eurot (seisuga 31.12.2009 22,9 mln krooni/1,5 mln eurot). Lühi- ja pikaajalised kohustused kokku kasvasid 0,9 mln krooni/0,1 mln eurot 62,2 mln kroonini/4,0 mln euroni (31.12.2009: 61,3 mln krooni/3,9 mln eurot). Ärivaldkondade ülevaade Käive segmentide lõikes -------------------------------------------------------------------------------- | | tuh EEK | tuh EUR | % käibest | -------------------------------------------------------------------------------- | | III kv. | III kv. | III kv. | III kv. | III kv. | III kv. | | | 2010 | 2009 | 2010 | 2009 | 2010 | 2009 | -------------------------------------------------------------------------------- | Mööblivabrik | 20 605 | 22 232 | 1 317 | 1 422 | 37,5% | 46,9% | -------------------------------------------------------------------------------- | Skano | 6 137 | 5 898 | 392 | 376 | 11,2% | 12,4% | -------------------------------------------------------------------------------- | Ehitusmaterjali | 31 559 | 22 218 | 2 017 | 1 420 | 57,4% | 46,8% | | de divisjon | | | | | | | -------------------------------------------------------------------------------- | Elimineerimine | (3 297) | (2 901) | (211) | (186) | (6,0%) | (6,1%) | -------------------------------------------------------------------------------- | KOKKU | 55 004 | 47 447 | 3 515 | 3 032 | 100,0% | 100,0% | -------------------------------------------------------------------------------- Käive turgude lõikes -------------------------------------------------------------------------------- | | tuh EEK | tuh EUR | % käibest | -------------------------------------------------------------------------------- | | III kv. | III kv. | III kv. | III kv. | III kv. | III kv. | | | 2010 | 2009 | 2010 | 2009 | 2010 | 2009 | -------------------------------------------------------------------------------- | Soome | 21 430 | 21 661 | 1 370 | 1 384 | 39,0% | 45,7% | -------------------------------------------------------------------------------- | Eesti | 11 891 | 10 379 | 760 | 663 | 21,6% | 21,9% | -------------------------------------------------------------------------------- | Venemaa | 9 956 | 7 417 | 636 | 474 | 18,1% | 15,6% | -------------------------------------------------------------------------------- | Ukraina | 2 431 | 1 801 | 155 | 115 | 4,4% | 3,8% | -------------------------------------------------------------------------------- | Läti | 1 913 | 1 382 | 122 | 88 | 3,5% | 2,9% | -------------------------------------------------------------------------------- | Rootsi | 1 565 | 1 184 | 100 | 76 | 2,8% | 2,5% | -------------------------------------------------------------------------------- | Leedu | 1 122 | 1 610 | 72 | 103 | 2,0% | 3,4% | -------------------------------------------------------------------------------- | Kasahstan | 1 087 | 1 115 | 69 | 71 | 2,0% | 2,3% | -------------------------------------------------------------------------------- | Hiina | 804 | 0 | 51 | 0 | 1,5% | 0,0% | -------------------------------------------------------------------------------- | Malaisia | 491 | 0 | 31 | 0 | 0,9% | 0,0% | -------------------------------------------------------------------------------- | India | 383 | 0 | 24 | 0 | 0,7% | 0,0% | -------------------------------------------------------------------------------- | Suurbritannia | 342 | 0 | 22 | 0 | 0,6% | 0,0% | -------------------------------------------------------------------------------- | Taani | 186 | 277 | 12 | 18 | 0,3% | 0,6% | -------------------------------------------------------------------------------- | Saksamaa | 119 | 308 | 8 | 20 | 0,2% | 0,6% | -------------------------------------------------------------------------------- | Teised riigid | 272 | 89 | 17 | 6 | 0,5% | 0,2% | -------------------------------------------------------------------------------- | KOKKU | 55 004 | 47 447 | 3 515 | 3 032 | 100,0% | 100,0% | -------------------------------------------------------------------------------- Turgude lõikes on müük kasvanud Venemaale, Ukrainasse, Lätti ja Rootsi. Alustatud on müüki Aasiasse. Soome ja Kasahstani suunal on müük samaks jäänud, vähenenud on müük Leetu, Taani ja Saksamaale. Kasum segmentide lõikes -------------------------------------------------------------------------------- | | tuh EEK | tuh EUR | -------------------------------------------------------------------------------- | | III kv. | III kv. | III kv. | III kv. | | | 2010 | 2009 | 2010 | 2009 | -------------------------------------------------------------------------------- | Mööblivabrik | 1 054 | 371 | 67 | 24 | -------------------------------------------------------------------------------- | Skano | (1 449) | (3 046) | (92) | (194) | -------------------------------------------------------------------------------- | Ehitusmaterjalide | 3 054 | 1 508 | 196 | 96 | | divisjon | | | | | -------------------------------------------------------------------------------- | Elimineerimine | 478 | 342 | 30 | 21 | -------------------------------------------------------------------------------- | KOKKU | 3 137 | (825) | 201 | (53) | -------------------------------------------------------------------------------- | Neto finantskulud | (449) | (683) | (29) | (43) | -------------------------------------------------------------------------------- | PUHASKASUM | 2 688 | (1 508) | 172 | (96) | -------------------------------------------------------------------------------- Skano tulemus on mõjutatud Ukraina grivna nõrgenemisest. Valuutakursi muutusest tekkinud kahjum oli 813 tuhat krooni/52 tuhat eurot. Mööblidivisjon Mööbli jaemüük - Skano AS Viisnurga jaeäri opereerivad OÜ Skano ja selle tütarfirmad Lätis, Leedus ja Ukrainas. Seisuga 30.9.2010 on Skano mööblikaupluste ketis kokku 12 kauplust - Tallinnas, Pärnus, Riias, Vilniuses, Kaunases, Kiievis kolm, Donetskis, Harkovis ja Dnepropetrovskis kaks. Teises kvartalis avati üks kauplus Dnepropetrovskis ja üks Kiievis. Kuna kolmandas kvartalis avati Ukrainas kaks kauplust on kahjumi põhjuseks ka uute kaupluste kulud, mille katmiseks ei olnud veel piisavat müüki. Vastavalt meie prognoosile jõuab avatud kauplus kasumliku müügimahuni 3 kuni 6 kuud pärast avamist. Jaemüük riikide lõikes -------------------------------------------------------------------------------- | | tuh EEK | tuh EUR | % käibest | Kaupluste arv | -------------------------------------------------------------------------------- | | III | III | III | III | III | III | 30.9.10| 30.9.09 | | | kv. | kv. | kv. | kv. | kv. | kv. | | | | | 2010 | 2009 | 2010 | 2009 | 2010 | 2009 | | | -------------------------------------------------------------------------------- | Eesti | 1 874 | 1 884 | 120 | 120 | 30,5% | 31,9% | 2 | 2 | -------------------------------------------------------------------------------- | Läti | 907 | 831 | 58 | 53 | 14,8% | 14,1% | 1 | 1 | -------------------------------------------------------------------------------- | Leedu | 1 080 | 1 508 | 69 | 96 | 17,6% | 25,6% | 3 | 2 | -------------------------------------------------------------------------------- | Ukrai | 2 276 | 1 675 | 146 | 107 | 37,1% | 28,4% | 4 | 7 | | na | | | | | | | | | -------------------------------------------------------------------------------- | KOKKU | 6 137 | 5 898 | 393 | 376 | 100,0% | 100,0% | 10 | 12 | -------------------------------------------------------------------------------- Skano jaemüük on enim kasvanud Ukrainas ja vähenenud Leedus. 2010 aasta III kvartalis on jaemüük kasvanud 4,1% võrreldes eelmise aasta sama perioodiga. Mööbli tootmine Mööblivabriku 2010 aasta III kvartali müük on ühel põhiturul, Soomes, vähenenud ja teisel, Venemaal, kasvanud. Samuti on kasvanud müük Skanole. Mööblivabrikus oli 2010 aasta III kvartali müügitulu 20,6 mln krooni/1,3 mln eurot ja kasum 1,1 mln krooni/0,07 mln eurot. Eelmise aasta samal perioodil oli mööblivabriku käive 22,2 mln krooni/1,4 mln eurot ja kasum 0,4 mln krooni/0,02 mln eurot. Võrreldes eelmise aasta sama perioodiga on vabriku käive vähenenud 1,6 mln krooni/0,1 mln eurot ja kasum kasvanud 0,7 mln krooni/0,05 mln eurot. Käive riikide lõikes -------------------------------------------------------------------------------- | | tuh EEK | tuh EUR | % käibest | -------------------------------------------------------------------------------- | | III | III kv. | III kv. | III kv. | III kv. | III kv. | | | kv. | 2009 | 2010 | 2009 | 2010 | 2009 | | | 2010 | | | | | | -------------------------------------------------------------------------------- | Soome | 9 109 | 11 257 | 582 | 719 | 44,2% | 50,6% | -------------------------------------------------------------------------------- | Venemaa | 6 625 | 6 336 | 423 | 405 | 32,2% | 28,5% | -------------------------------------------------------------------------------- | Kasahstan | 1 087 | 1 115 | 69 | 71 | 5,3% | 5,0% | -------------------------------------------------------------------------------- | Eesti | 326 | 216 | 21 | 14 | 1,6% | 1,0% | -------------------------------------------------------------------------------- | Valgevene | 162 | 89 | 10 | 6 | 0,8% | 0,4% | -------------------------------------------------------------------------------- | Saksamaa | 0 | 197 | 0 | 13 | 0,0% | 0,9% | -------------------------------------------------------------------------------- | Muud | 0 | 121 | 0 | 8 | 0,0% | 0,5% | -------------------------------------------------------------------------------- | Tütarettevõtt | 3 296 | 2 901 | 211 | 185 | 16,0% | 13,0% | | ed | | | | | | | -------------------------------------------------------------------------------- | KOKKU | 20 605 | 22 232 | 1 316 | 1 421 | 100,0% | 100,0% | -------------------------------------------------------------------------------- Ehitusmaterjalide divisjon Ehitusmaterjalide divisjonis saavutati 2010 aasta III kvartali müügituluks 31,6 mln krooni/2,0 mln eurot ja kasumiks 3,1 mln krooni/196 tuhat eurot. Eelmise aasta samal perioodil oli divisjoni käive 22,2 mln krooni/1,4 mln eurot ja kasum 1,5 mln krooni/96 tuhat eurot. Võrreldes eelmise aasta sama perioodiga on divisjoni käive kasvanud 42% ehk 9,3 mln krooni/0,6 mln eurot ja kasum kasvanud 1,6 mln krooni/100 tuhat eurot. Käibe kasv on osaliselt tulnud Soome turult, kus ehitustegevus on aktivisseerunud, kuid suur osa käibe kasvust on saadud ka Aasia turgudelt, kus aktiivselt kliendibaasi kasvatamisega tegutsetakse. Käive riikide lõikes -------------------------------------------------------------------------------- | | tuh EEK | tuh EUR | % käibest | -------------------------------------------------------------------------------- | | III kv. | III kv. | III kv. | III kv. | III kv. | III kv. | | | 2010 | 2009 | 2010 | 2009 | 2010 | 2009 | -------------------------------------------------------------------------------- | Soome | 12 321 | 10 404 | 787 | 665 | 39,1% | 46,8% | -------------------------------------------------------------------------------- | Eesti | 9 691 | 8 280 | 619 | 529 | 30,7% | 37,3% | -------------------------------------------------------------------------------- | Venemaa | 3 331 | 1 081 | 213 | 69 | 10,6% | 4,9% | -------------------------------------------------------------------------------- | Rootsi | 1 565 | 1 184 | 100 | 76 | 5,0% | 5,3% | -------------------------------------------------------------------------------- | Läti | 1 005 | 551 | 64 | 35 | 3,2% | 2,5% | -------------------------------------------------------------------------------- | Hiina | 804 | 0 | 51 | 0 | 2,5% | 0,0% | -------------------------------------------------------------------------------- | Malaisia | 491 | 0 | 31 | 0 | 1,6% | 0,0% | -------------------------------------------------------------------------------- | India | 383 | 0 | 24 | 0 | 1,2% | 0,0% | -------------------------------------------------------------------------------- | Suurbritannia | 342 | 0 | 22 | 0 | 1,1% | 0,0% | -------------------------------------------------------------------------------- | Taani | 185 | 241 | 12 | 15 | 0,6% | 1,1% | -------------------------------------------------------------------------------- | Ukraina | 148 | 126 | 9 | 8 | 0,5% | 0,6% | -------------------------------------------------------------------------------- | Saksamaa | 119 | 111 | 8 | 7 | 0,4% | 0,5% | -------------------------------------------------------------------------------- | Leedu | 42 | 101 | 3 | 6 | 0,1% | 0,5% | -------------------------------------------------------------------------------- | Portugal | 0 | 0 | 0 | 0 | 0,0% | 0,0% | -------------------------------------------------------------------------------- | Teised riigid | 1 124 | 139 | 72 | 9 | 3,6% | 0,6% | -------------------------------------------------------------------------------- | KOKKU | 31 551 | 22 218 | 2 015 | 1 419 | 100,0% | 100,0% | -------------------------------------------------------------------------------- Prognoos ja areng Skano. Usume, et Ukraina on saavutanud poliitilise stabiilsuse ning see parandab ka selle riigi majanduskliimat. Oleme leidnud sobiva hinna ning kvaliteediga pinnad ning avasime kolmandas kvartalis ühe kaupluse Dnepropetrovskis ja ühe Kiievis. Käesoleval aastal rohkem avamisi juhatus ei plaani. Mööblivabrik. 2010 aasta neljandas kvartalis prognoosime mööblivabrikus käibe kasvu, kuid siiski jääb käive väiksemaks kui tootmisvõimsused lubaksid. Seetõttu on töömaht mööblivabrikus jätkuvalt väike. Töötajatega on sõlmitud kokkulepped lühendatud tööaja kasutamiseks kuni 31.3.2011. Ehitusmaterjalide divisjon. 2010 aasta neljandas kvartalis jätkatakse tööd vähendatud võimsusega. Põhitootmisliinil jätkub tootmine kolme vahetusega nelja vahetuse asemel. Isotexi liinidel kasutatakse vastavalt vajadusele ühte või kahte vahetust. Samas on käive kasvanud ning prognoosime suuri müüke ka edaspidiseks. Sellest lähtuvalt plaanime 2011 aasta I kvartalis alustada vabrikus tööd täisvõimsusel nelja vahetusega. AS Fortum Termest on teatanud, et lõpetab AS-le Viisnurk kuuluva katlamaja operaatorlepingu alates 3.2.2011. Lepingu lõppemisel jätkab katlamajas soojatootmist AS Viisnurk. Konsolideeritud finantsseisundi aruanne -------------------------------------------------------------------------------- | | tuh EEK | tuh EEK | tuh EUR | tuh EUR | -------------------------------------------------------------------------------- | | 30.9.2010 | 31.12.2009 | 30.9.2010 | 31.12.2009 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Raha | 5 043 | 6 091 | 322 | 389 | -------------------------------------------------------------------------------- | Nõuded ja ettemaksud | 24 905 | 18 810 | 1 592 | 1 202 | -------------------------------------------------------------------------------- | Varud | 43 551 | 41 912 | 2 783 | 2 680 | -------------------------------------------------------------------------------- | Käibevara kokku | 73 499 | 66 813 | 4 697 | 4 271 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Kinnisvarainvesteeringud | 2 893 | 2 893 | 185 | 185 | -------------------------------------------------------------------------------- | Materiaalne põhivara | 65 726 | 63 083 | 4 201 | 4 031 | -------------------------------------------------------------------------------- | Immateriaalne põhivara | 333 | 14 | 21 | 1 | -------------------------------------------------------------------------------- | Põhivara kokku | 68 952 | 65 990 | 4 407 | 4 217 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | AKTIVA KOKKU | 142 451 | 132 803 | 9 104 | 8 488 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Laenukohustused | 2 768 | 8 048 | 177 | 514 | -------------------------------------------------------------------------------- | Võlad ja ettemaksed | 24 261 | 22 742 | 1 550 | 1 454 | -------------------------------------------------------------------------------- | Lühiajalised eraldised | 27 | 118 | 2 | 8 | -------------------------------------------------------------------------------- | Lühiajalised kohustused | 27 056 | 30 908 | 1 729 | 1 976 | | kokku | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Pikaajalised | 31 926 | 27 084 | 2 040 | 1 731 | | laenukohustused | | | | | -------------------------------------------------------------------------------- | Pikaajalised eraldised | 3 225 | 3 303 | 206 | 211 | -------------------------------------------------------------------------------- | Pikaajalised kohustused | 35 151 | 30 387 | 2 246 | 1 942 | | kokku | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Kohustused kokku | 62 207 | 61 295 | 3 975 | 3 918 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Aktsiakapital | 44 991 | 44 991 | 2 875 | 2 875 | | nimiväärtuses | | | | | -------------------------------------------------------------------------------- | Ülekurss | 5 698 | 5 698 | 364 | 364 | -------------------------------------------------------------------------------- | Kohustuslik | 4 499 | 4 499 | 288 | 288 | | reservkapital | | | | | -------------------------------------------------------------------------------- | Muud reservid | 356 | 406 | 23 | 26 | -------------------------------------------------------------------------------- | Eelmiste perioodide | 15 914 | 15 759 | 1 017 | 1 007 | | jaotamata kasum | | | | | -------------------------------------------------------------------------------- | Aruandeaasta kasum | 8 786 | 155 | 562 | 10 | -------------------------------------------------------------------------------- | Omakapital kokku | 80 244 | 71 508 | 5 129 | 4 570 | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | PASSIVA KOKKU | 142 451 | 132 803 | 9 104 | 8 488 | -------------------------------------------------------------------------------- Konsolideeritud koondkasumiaruanne -------------------------------------------------------------------------------- | tuh EEK | III kv | III kv | 9 k 2010 | 9 k 2010 | | | 2010 | 2009 | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müügitulu | 55 004 | 47 447 | 154 515 | 151 670 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müüdud toodangu kulu | (42 463) | (37 992) | (117 472) | (120 044) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Brutokasum | 12 541 | 9 455 | 37 043 | 31 626 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Turustuskulud | (8 144) | (8 559) | (22 851) | (26 374) | -------------------------------------------------------------------------------- | Üldhalduskulud | (587) | (1 021) | (4 072) | (4 054) | -------------------------------------------------------------------------------- | Muud äritulud | 659 | 390 | 1 877 | 1 722 | | | | | | | -------------------------------------------------------------------------------- | Muud ärikulud | (1 332) | (1 090) | (1 921) | (2 666) | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Ärikasum/kahjum | 3 137 | (825) | 10 076 | 254 | -------------------------------------------------------------------------------- | Neto finantskulu | (449) | (683) | (1 290) | (2 353) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Kasum/kahjum enne | 2 688 | (1 508) | 8 786 | (2 099) | | tulumaksu | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Perioodi | 2 688 | (1 508) | 8 786 | (2 099) | | puhaskasum/kahjum | | | | | -------------------------------------------------------------------------------- | Valuutakursside muutuste | 361 | 259 | (50) | 482 | | mõju konsolideerimisel | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Perioodi | 3 049 | (1 249) | 8 736 | (1 617) | | koondkasum/-kahjum | | | | | -------------------------------------------------------------------------------- | Tava puhaskasum/kahjum | 0,60 | (0,34) | 1,95 | (0,47) | | aktsia kohta | | | | | -------------------------------------------------------------------------------- | Lahustatud | 0,60 | (0,34) | 1,95 | (0,47) | | puhaskasum/kahjum aktsia | | | | | | kohta | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | tuh EUR | III kv | III kv | 9 k 2010 | 9 k 2010 | | | 2010 | 2009 | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müügitulu | 3 515 | 3 032 | 9 875 | 9 693 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Müüdud toodangu kulu | (2 714) | (2 428) | (7 507) | (7 672) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Brutokasum | 801 | 604 | 2 368 | 2 021 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Turustuskulud | (520) | (547) | (1 461) | (1 686) | -------------------------------------------------------------------------------- | Üldhalduskulud | (37) | (65) | (260) | (259) | -------------------------------------------------------------------------------- | Muud äritulud | 42 | 25 | 120 | 110 | | | | | | | -------------------------------------------------------------------------------- | Muud ärikulud | (85) | (70) | (123) | (170) | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Ärikasum/kahjum | 201 | (53) | 644 | 16 | -------------------------------------------------------------------------------- | Neto finantskulu | (29) | (43) | (82) | (150) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Kasum/kahjum enne | 172 | (96) | 562 | (134) | | tulumaksu | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Perioodi kasum/kahjum | 172 | (96) | 562 | (134) | -------------------------------------------------------------------------------- | Valuutakursside muutuste | 23 | 17 | (3) | 33 | | mõju konsolideerimisel | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Perioodi | 195 | (79) | 559 | (101) | | koondkasum/kahjum | | | | | -------------------------------------------------------------------------------- | Tava puhaskasum/kahjum | 0,04 | (0,02) | 0,12 | (0,03) | | aktsia kohta | | | | | -------------------------------------------------------------------------------- | Lahustatud | 0,04 | (0,02) | 0,12 | (0,03) | | puhaskasum/kahjum aktsia | | | | | | kohta | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Einar Pähkel Finantsdirektor 447 8331 [email protected]
Teate sisu inglise keeles
Pealkiri
Viisnurk financial result, 9 months of 2010
Teade
Income statement Consolidated net sales of third quarter 2010 was 55.0 mil. kroons/3.5 mil. euros (47.4 mil. kroons/3.0 mil. euros in same period of 2009) representing a 15.9% increase on the third quarter compared to Q3 2009. The Group's gross margin in the third quarter of 2010 was 22.8% compared to 19.9% in the third quarter of 2009. Consolidated operating profit amounted to 3.1 mil. kroons/201 thousand euros (operating loss 0.8 mil. kroons/53 thousand euros in 2009). The consolidated operating margin of net sales was 5.7% (-1.7% in Q3 2009). Consolidated net profit amounted to 2.7 mil. kroons/172 thousand euros, compared to net loss 1.5 mil. kroons/96 thousand euros in Q3 2009), and the net margin was 4.9% (-3.2% in Q3 2009). In Q3 2010, the Group's return on equity was 3.3% (-2.2% in Q3 2009) and return on assets was 1.9% (-1.1% in Q3 2009). Position of financial statement As of the end of September 2010 the total assets of Viisnurk amounted to 142.5 mil. kroons/9.1 mil. euros (31.12.2009: 132.8 mil. kroons/8.5 mil. euros). The liabilities of the company accounted for 44% (31.12.2009: 46%) thereof, i.e. 62.2 mil. kroons/4.0 mil. euros (31.12.2009: 61.3 mil. kroons/3.9 mil. euros). Receivables and prepayments have increased by 6.1 mil. kroons/0.4 mil. euros i.e. 32% increase with 9 months. The reason of increase of receivables is very small sales in December 2009, which essentially lowered the amount of receivables at the end of December. Inventories increased by 1.6 mil. kroons/0.1 mil. euros to reach 43.6 mil. kroons/2.8 mil euros at 30 September 2010 (31.12.2009: 41.9 mil. kroons/2.7 mil. euros). Property, plant and intangibles increased by 3.0 mil. kroons/0.2 mil. euros. Current liabilities decreased by 5.3 mil. kroons/0.3 mil euros and amounted in 30 September 2010 2.8 mil. kroons/0.2 mil. euros (31.12.2009: 8.0 mil. kroons/0.5 mil. euros). Supplier payables, tax liabilities, other payables, including payables to employees, and provisions amounted to 24.3 mil. kroons/1.6 mil. euros (31.12.2009: 22.9 mil. kroons/1.5 mil. euros). Current and non-current liabilities increased by 0.9 mil. kroons/0.1 mil. euros to 62.2 mil. kroons/4.0 mil. euros (31.12.2009: 62.3 mil. euros/3.9 mil kroons). Divisional review: Net sales by business segments -------------------------------------------------------------------------------- | | th. EEK | th. EUR | % of net sales | -------------------------------------------------------------------------------- | | Q3 2010 | Q3 2009 | Q3 2010 | Q3 2009 | Q3 2010 | Q3 2009 | -------------------------------------------------------------------------------- | Furniture | 20,605 | 22,232 | 1,317 | 1,422 | 37.5% | 46.9% | | Factory | | | | | | | -------------------------------------------------------------------------------- | Skano | 6,137 | 5,898 | 392 | 376 | 11.2% | 12.4% | -------------------------------------------------------------------------------- | Building | 31,559 | 22,218 | 2,017 | 1,420 | 57.4% | 46.8% | | Materials | | | | | | | | Division | | | | | | | -------------------------------------------------------------------------------- | Elimination | (3,297) | (2,901) | (211) | (186) | (6.0%) | (6.1%) | -------------------------------------------------------------------------------- | TOTAL | 55,004 | 47,447 | 3,515 | 3,032 | 100.0% | 100.0% | -------------------------------------------------------------------------------- Net sales by geographical segments -------------------------------------------------------------------------------- | | th. EEK | th. EUR | % of net sales | -------------------------------------------------------------------------------- | | Q3 2010 | Q3 2009 | Q3 2010 | Q3 2009 | Q3 2010 | Q3 2009 | -------------------------------------------------------------------------------- | Finland | 21,430 | 21,661 | 1,370 | 1,384 | 39.0% | 45.7% | -------------------------------------------------------------------------------- | Estonia | 11,891 | 10,379 | 760 | 663 | 21.6% | 21.9% | -------------------------------------------------------------------------------- | Russia | 9,956 | 7,417 | 636 | 474 | 18.1% | 15.6% | -------------------------------------------------------------------------------- | Ukraine | 2,431 | 1,801 | 155 | 115 | 4.4% | 3.8% | -------------------------------------------------------------------------------- | Latvia | 1,913 | 1,382 | 122 | 88 | 3.5% | 2.9% | -------------------------------------------------------------------------------- | Sweden | 1,565 | 1,184 | 100 | 76 | 2.8% | 2.5% | -------------------------------------------------------------------------------- | Lithuania | 1,122 | 1,610 | 72 | 103 | 2.0% | 3.4% | -------------------------------------------------------------------------------- | Kazakhstan | 1,087 | 1,115 | 69 | 71 | 2.0% | 2.3% | -------------------------------------------------------------------------------- | China | 804 | 0 | 51 | 0 | 1.5% | 0.0% | -------------------------------------------------------------------------------- | Malaysia | 491 | 0 | 31 | 0 | 0.9% | 0.0% | -------------------------------------------------------------------------------- | India | 383 | 0 | 24 | 0 | 0.7% | 0.0% | -------------------------------------------------------------------------------- | Great Britain | 342 | 0 | 22 | 0 | 0.6% | 0.0% | -------------------------------------------------------------------------------- | Denmark | 186 | 277 | 12 | 18 | 0.3% | 0.6% | -------------------------------------------------------------------------------- | Germany | 119 | 308 | 8 | 20 | 0.2% | 0.6% | -------------------------------------------------------------------------------- | Other countries | 272 | 89 | 17 | 6 | 0.5% | 0.2% | -------------------------------------------------------------------------------- | Total | 55,004 | 47,447 | 3,515 | 3,032 | 100.0% | 100.0% | -------------------------------------------------------------------------------- Concerning the markets, turnover has been increased into Russia, Ukraine, Latvia and Sweden. Sales into Asia has been initiated. Sales into Finland and Kazakhstan has been the same and sales into Lithuania, Denmark and Germany has been decreased. Profit by business segments -------------------------------------------------------------------------------- | | th. EEK | th. EUR | -------------------------------------------------------------------------------- | | Q3 2010 | Q3 2009 | Q3 2010 | Q3 2009 | -------------------------------------------------------------------------------- | Furniture Factory | 1,054 | 371 | 67 | 24 | -------------------------------------------------------------------------------- | Skano | (1,449) | (3,046) | (92) | (194) | -------------------------------------------------------------------------------- | Building Materials | 3,054 | 1,508 | 196 | 96 | | Division | | | | | -------------------------------------------------------------------------------- | Elimination | 478 | 342 | 30 | 21 | -------------------------------------------------------------------------------- | TOTAL | 3,137 | (825) | 201 | (53) | -------------------------------------------------------------------------------- | Net financial costs | (449) | (683) | (29) | (43) | -------------------------------------------------------------------------------- | NET PROFIT | 2,688 | (1,508) | 172 | (96) | -------------------------------------------------------------------------------- Weakening of Ukrainian hryvnia has influenced result of Skano. Loss of change of exchange rate was 813 thousand kroons/52 thousand euros. Furniture Division Furniture Retail - Skano AS Viisnurk retail business is operated by a private limited company OÜ Skano and its subsidiaries in Latvia, Lithuania and Ukraine. Skano has totally 12 stores - in Tallinn, Pärnu, Riga, Vilnius, Kaunas, three in Kiev, Donetsk, Kharkiv and Dnipropetrovs'k at the end of the third quarter. As a result of opening of two stores in Ukraine the loss is additionally caused by costs of new stores, which have not good sales at start. According to our prognosis, stores will achieve the normal sales 3 to 6 months after opening. Retail sales by countries -------------------------------------------------------------------------------- | | th. EEK | th. EUR | % of net sales | Number of stores | -------------------------------------------------------------------------------- | | Q3 | Q3 | Q3 | Q3 | Q3 | Q3 | 30.9.09| 30.9.08 | | | 2010 | 2009 | 2010 | 2009 | 2010 | 2009 | | | -------------------------------------------------------------------------------- | Estonia | 1,874 | 1,884 | 120 | 120 | 30.5% | 31.9% | 2 | 2 | -------------------------------------------------------------------------------- | Latvia | 907 | 831 | 58 | 53 | 14.8% | 14.1% | 1 | 1 | -------------------------------------------------------------------------------- | Lithuan | 1,080 | 1,508 | 69 | 96 | 17.6% | 25.6% | 3 | 2 | | ia | | | | | | | | | -------------------------------------------------------------------------------- | Ukraine | 2,276 | 1,675 | 146 | 107 | 37.1% | 28.4% | 4 | 7 | -------------------------------------------------------------------------------- | TOTAL | 6,137 | 5,898 | 393 | 376 | 100.0% | 100.0% | 10 | 12 | -------------------------------------------------------------------------------- The retail sale of Skano increased most in Ukraine and decreased in Lithuania. Within the third quarter this year the retail sale has increased by 4.1% as compared to the same period last year. Furniture Factory The Furniture Factory's sales in the third quarter in the company's basic target market in Russia have increased and in Finland have decreased. Sales to Skano have increased, too. The net sales of the Furniture Factory in third quarter amounted to 20.6 mil. kroons/1.3 mil. euros and profit to 1.1 mil. kroons/0.07 mil. euros. In the same period of the last year, the turnover of the division totalled 22.2 mil. kroons/1.4 mil. euros and the profit 0.4 mil. kroons/0.02 mil. euros. As compared to the previous year the turnover of the division has decreased by 1.6 mil. kroons/0.1 mil. euros and the profit has increased by 0.7 mil. kroons/0.05 mil. euros. Furniture Factory sales by countries -------------------------------------------------------------------------------- | | th EEK | th EUR | % of net sales | -------------------------------------------------------------------------------- | | Q3 2010 | Q3 2009 | Q3 2010 | Q3 2009 | Q3 2010 | Q3 2009 | -------------------------------------------------------------------------------- | Finland | 9,109 | 11,257 | 582 | 719 | 44.2% | 50.6% | -------------------------------------------------------------------------------- | Russia | 6,625 | 6,336 | 423 | 405 | 32.2% | 28.5% | -------------------------------------------------------------------------------- | Kazakhstan | 1,087 | 1,115 | 69 | 71 | 5.3% | 5.0% | -------------------------------------------------------------------------------- | Estonia | 326 | 216 | 21 | 14 | 1.6% | 1.0% | -------------------------------------------------------------------------------- | Byelorussia | 162 | 89 | 10 | 6 | 0.8% | 0.4% | -------------------------------------------------------------------------------- | Germany | 0 | 197 | 0 | 13 | 0.0% | 0.9% | -------------------------------------------------------------------------------- | Others | 0 | 121 | 0 | 8 | 0.0% | 0.5% | -------------------------------------------------------------------------------- | Skano | 3,296 | 2,901 | 211 | 185 | 16.0% | 13.0% | -------------------------------------------------------------------------------- | TOTAL | 20,605 | 22,232 | 1,316 | 1,421 | 100.0% | 100.0% | -------------------------------------------------------------------------------- Building Materials Division The net sales of the Building Materials Division in third quarter amounted to 31.6 mil. kroons/2.0 mil. euros and profit to 3.1 mil. kroons/196 thousand euros. In the same period of the last year, the turnover of the division totalled 28.7 mil. kroons/1.8 mil. euros and the net profit 1.7 mil. kroons/108 thousand euros. As compared to the previous year the turnover of the division has increased by 42% i.e. 9.3 mil. kroons/0.6 mil. euros and the profit has increased by 1.6 mil. kroons/100 thousand euros. Net sales by geographical segments -------------------------------------------------------------------------------- | | th. EEK | th. EUR | % of net sales | -------------------------------------------------------------------------------- | | Q3 2010 | Q3 2009 | Q3 2010 | Q3 2009 | Q3 2010 | Q3 2009 | -------------------------------------------------------------------------------- | Finland | 12,321 | 10,404 | 787 | 665 | 39.1% | 46.8% | -------------------------------------------------------------------------------- | Estonia | 9,691 | 8,280 | 619 | 529 | 30.7% | 37.3% | -------------------------------------------------------------------------------- | Russia | 3,331 | 1,081 | 213 | 69 | 10.6% | 4.9% | -------------------------------------------------------------------------------- | Sweden | 1,565 | 1,184 | 100 | 76 | 5.0% | 5.3% | -------------------------------------------------------------------------------- | Latvia | 1,005 | 551 | 64 | 35 | 3.2% | 2.5% | -------------------------------------------------------------------------------- | China | 804 | 0 | 51 | 0 | 2.5% | 0.0% | -------------------------------------------------------------------------------- | Malaysia | 491 | 0 | 31 | 0 | 1.6% | 0.0% | -------------------------------------------------------------------------------- | India | 383 | 0 | 24 | 0 | 1.2% | 0.0% | -------------------------------------------------------------------------------- | Great Britain | 342 | 0 | 22 | 0 | 1.1% | 0.0% | -------------------------------------------------------------------------------- | Denamrk | 185 | 241 | 12 | 15 | 0.6% | 1.1% | -------------------------------------------------------------------------------- | Ukraine | 148 | 126 | 9 | 8 | 0.5% | 0.6% | -------------------------------------------------------------------------------- | Germany | 119 | 111 | 8 | 7 | 0.4% | 0.5% | -------------------------------------------------------------------------------- | Lithuania | 42 | 101 | 3 | 6 | 0.1% | 0.5% | -------------------------------------------------------------------------------- | Portugal | 0 | 0 | 0 | 0 | 0.0% | 0.0% | -------------------------------------------------------------------------------- | Other countries | 1,124 | 139 | 72 | 9 | 3.6% | 0.6% | -------------------------------------------------------------------------------- | TOTAL | 31,551 | 22,218 | 2,015 | 1,419 | 100.0% | 100.0% | -------------------------------------------------------------------------------- Forecast and development Skano. Management believes that Ukraine has gained political stability and it improves its economical conditions. We have found suitable premises with good price and quality and opened in third quarter one store in Dnipropetrovs'k and one store in Kiev. There are no plans for openings at current year. Furniture Factory. For Q4 2010 management forecasts small increase of sales, but sales is continuously smaller than facilities. It means continuously small production volume in furniture factory. Agreements with employees to use shortened working time are effective until 31.03.2011. Building Materials Division. In fourth quarter of 2010 factory continues with decreased production volume. In main production line factory continues with three shifts instead of four. In Isotex line are used one or two shifts accordingly the demand of clients. The sale of Isoplaat is recovered and management estimates bigger sales for future, too. According to estimates, management plans to open fourth swift for main line in Q1 2011 and continue full production capability. AS Fortum Termest informed the company for ending the operating contract of boiler-house belonging to AS Viisnurk at 3.2.2011. After the end of contract AS Viisnurk continues heat production by itself. Consolidated balance sheet -------------------------------------------------------------------------------- | | Th EEK | Th EEK | Th EUR | Th EUR | -------------------------------------------------------------------------------- | | 30.9.2010 | 31.12.2009| 30.9.2010 | 31.12.2009 | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Cash and bank | 5,043 | 6,091 | 322 | 389 | -------------------------------------------------------------------------------- | Receivables and | 24,905 | 18,810 | 1,592 | 1,202 | | prepayments | | | | | -------------------------------------------------------------------------------- | Inventories | 43,551 | 41,912 | 2,783 | 2,680 | -------------------------------------------------------------------------------- | Total current assets | 73,499 | 66,813 | 4,697 | 4,271 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Investment property | 2,893 | 2,893 | 185 | 185 | -------------------------------------------------------------------------------- | Tangible fixed assets | 65,726 | 63,083 | 4,201 | 4,031 | -------------------------------------------------------------------------------- | Intangible fixed assets | 333 | 14 | 21 | 1 | -------------------------------------------------------------------------------- | Total fixed assets | 68,952 | 65,990 | 4,407 | 4,217 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | TOTAL ASSETS | 142,451 | 132,803 | 9,104 | 8,488 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Debt obligations | 2,768 | 8,048 | 177 | 514 | -------------------------------------------------------------------------------- | Payables and prepayments | 24,261 | 22,742 | 1,550 | 1,454 | -------------------------------------------------------------------------------- | Short-term provisions | 27 | 118 | 2 | 8 | -------------------------------------------------------------------------------- | Total current liabilities | 27,056 | 30,908 | 1,729 | 1,976 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current debt | 31,926 | 27,084 | 2,040 | 1,731 | | obligations | | | | | -------------------------------------------------------------------------------- | Non-current provisions | 3,225 | 3,303 | 206 | 211 | -------------------------------------------------------------------------------- | Total non-current | 35,151 | 30,387 | 2,246 | 1,942 | | liabilities | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Total liabilities | 62,207 | 61,295 | 3,975 | 3,918 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Share capital at nominal | 44,991 | 44,991 | 2,875 | 2,875 | | value | | | | | -------------------------------------------------------------------------------- | Issue premium | 5,698 | 5,698 | 364 | 364 | -------------------------------------------------------------------------------- | Statutory capital reserve | 4,499 | 4,499 | 288 | 288 | -------------------------------------------------------------------------------- | Currency translation | 356 | 406 | 23 | 26 | | reserve | | | | | -------------------------------------------------------------------------------- | Retained profits | 15,914 | 15,759 | 1,017 | 1,007 | -------------------------------------------------------------------------------- | Net profit for the year | 8,786 | 155 | 562 | 10 | -------------------------------------------------------------------------------- | Total equity | 80,244 | 71,508 | 5,129 | 4,570 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | TOTAL LIABILITIES AND | 142,451 | 132,803 | 9,104 | 8,488 | | EQUITY | | | | | -------------------------------------------------------------------------------- Consolidated income statement -------------------------------------------------------------------------------- | th. EEK | Q3 2010 | Q3 2009 | 9 m 2010 | 9 m 2009 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | RETURN ON SALES | 55,004 | 47,447 | 154,515 | 151,670 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Cost of production sold | (42,463) | (37,992) | (117,472) | (120,044) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Gross profit | 12,541 | 9,455 | 37,043 | 31,626 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Marketing expenses | (8,144) | (8,559) | (22,851) | (26,374) | -------------------------------------------------------------------------------- | General administrative | (587) | (1,021) | (4,072) | (4,054) | | expenses | | | | | -------------------------------------------------------------------------------- | Other income | 659 | 390 | 1,877 | 1,722 | -------------------------------------------------------------------------------- | Other expenses | (1,332) | (1,090) | (1,921) | (2,666) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating profit (loss) | 3,137 | (825) | 10,076 | 254 | -------------------------------------------------------------------------------- | Financial income and | (449) | (683) | (1,290) | (2,353) | | financial expenses | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit (loss) before | 2,688 | (1,508) | 8,786 | (2,099) | | taxes | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NET PROFIT (LOSS) FOR | 2,688 | (1,508) | 8,786 | (2,099) | | THE PERIOD | | | | | -------------------------------------------------------------------------------- | Currency translation | 361 | 259 | (50) | 482 | | differences | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | TOTAL COMPREHENSIVE | 3,049 | (1,249) | 8,736 | (1,617) | | INCOME (LOSS) | | | | | -------------------------------------------------------------------------------- | Basic earnings per | 0.60 | (0.34) | 1.95 | (0.47) | | share | | | | | -------------------------------------------------------------------------------- | Diluted earnings per | 0.60 | (0.34) | 1.95 | (0.47) | | share | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | th. EUR | Q3 2010 | Q3 2009 | 9 m 2010 | 9 m 2009 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | RETURN ON SALES | 3,515 | 3,032 | 9,875 | 9,693 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Cost of production sold | (2,714) | (2,428) | (7,507) | (7,672) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Gross profit | 801 | 604 | 2,368 | 2,021 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Marketing expenses | (520) | (547) | (1,461) | (1,686) | -------------------------------------------------------------------------------- | General administrative | (37) | (65) | (260) | (259) | | expenses | | | | | -------------------------------------------------------------------------------- | Other income | 42 | 25 | 120 | 110 | -------------------------------------------------------------------------------- | Other expenses | (85) | (70) | (123) | (170) | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Operating profit (loss) | 201 | (53) | 644 | 16 | -------------------------------------------------------------------------------- | Financial income and | (29) | (43) | (82) | (150) | | financial expenses | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit (loss) before | 172 | (96) | 562 | (134) | | taxes | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NET PROFIT (LOSS) FOR | 172 | (96) | 562 | (134) | | THE PERIOD | | | | | -------------------------------------------------------------------------------- | Currency translation | 23 | 17 | (3) | 33 | | differences | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | TOTAL COMPREHENSIVE | 195 | (79) | 559 | (101) | | INCOME (LOSS) | | | | | -------------------------------------------------------------------------------- | Basic earnings per | 0.04 | (0.02) | 0.12 | (0.03) | | share | | | | | -------------------------------------------------------------------------------- | Diluted earnings per | 0.04 | (0.02) | 0.12 | (0.03) | | share | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Einar Pähkel CFO +372 447 8331 [email protected]