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Key figures

YEAR 2018

 

  • Net sales for the financial period were EUR 41.9 (55.1) million.
  • The adjusted operating result was EUR 5.9 (9.8) and the operating result 5.3 (-8.0) million.
  • The adjusted result for the period was EUR 0.1 (2.3) million and the result EUR -0.5 (-15.5) million.
  • Cash flow after investments for the financial period was EUR 1.7 million (4.8) and the company’s cash and cash equivalents were EUR 4.2 (2.3) million.
  • Earnings per share were EUR -0.00 (-0.13).
  • One-time cost EUR 0.6 million related to redundancies (EUR 17,8 million including one-time goodwill write off EUR 16.7 million and EUR 1.1 million related to redundancies).

 

 

2018 2017 2016 2015 2014






Net sales, MEUR 41.9 55.1 60.1 76.5 74.0
Net sales, change % -23.9 -8.3 -21.4 3.4 0.1
Adjusted operating result, MEUR ¹ 5.9 9.8 1.2 12.0 3.7
Operating result, MEUR 5.3 -8.0 -10.1 11.7 3.3
as % of net sales 12.6 -14.5 -16.8 15.2 4.4
Profit before taxes, MEUR 4.4 -10.5 -5.6 7.8 -2.4
Adjusted result for the period, MEUR ² 0.1 2.3 -4.2 0.6 -8.9
Result for the period, MEUR -0.5 -15.5 -6.3 0.2 -9.3
Earnings per share, basic, EUR 0.00 -0.13 -0.05 0.00 -0.08
Order book, MEUR 21.2 26.2 24.9 26.8 38.9
Cash flow after investments, MEUR 1.7 4.8 -0.9 6.3 -1.8
Change in cash and cash equivalents, MEUR 1.9 -0.9 -3.0 4.2 -4.2
Cash and cash equivalents, MEUR 4.2 2.3 3.5 6.4 2.5
Equity ratio % -22.8 -19.1 17.9 23.9 22.5
Net gearing %

195.6 145.2 172.7
Personnel at the end of the period 543 666 818 934 993






1 Adjusted operating result = operating result before one-time items. Adjusted operating result included personnel related redundancies EUR 0.6 million.

2 Adjusted result for the period = result for the period without one-time items.

With reference to the new guidelines on alternative performance measures issued by the European Securities and Markets Authority (ESMA), Tecnotree uses the alternative performance measures “adjusted operating result” and “adjusted result for the period”.

 

Significant transactions that are not part of the normal course of business, infrequently occurring events or valuation items that do not affect cash flow are treated as adjustment items affecting comparability between reporting periods. According to Tecnotree’s definition, such items include, for example, impairment of assets and the remeasurement to fair value, the costs of closing down offices, restructuring measure and personnel related redundancy costs. Adjusted operating result included personnel related redundancies EUR 0.6 million (EUR 17.8 million divided to write-down of goodwill EUR 16.7 million and personnel related redundancies EUR 1.1 million).