Financial Performance in January-December 2018
| Consolidated statement of comprehensive income, MEUR | 2018 | 2017 |
| 12 months | 12 months | |
| Net sales | 62.8 | 51.6 |
| Operating profit / loss | 2.8 | -6.2 |
| Financial income and expenses | -0.1 | 0.4 |
| Result before tax | 2.7 | -5.8 |
| Result for the period from continuing operations | 4.0 | -4.8 |
| Result for the period from discontinuing operations | 0.0 | 1.7 |
| Result for the period | 4.0 | -3.1 |
| Total comprehensive income for the period | 4.1 | -3.2 |
| Result for the period attributable to: | ||
| Equity holders of the parent | 4.0 | -3.1 |
| Total comprehensive income for the period attributable to: | ||
| Equity holders of the parent | 4.1 | -3.2 |
| Earnings per share from continuing operations, EUR | 0.113 | -0.133 |
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Cash flow from operating activities was EUR -0.5 million (EUR -0.0 million, in 2017).
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Net cash flow during the period was EUR -32.0 million. As the most significant item the net cash flow includes EUR 15.1 million investments made into own product development and the EUR 10.7 million dividend payment (EUR -32.0 million, in 2017, including EUR 5.8 million investments in own R&D and EUR 10.7 million dividend payment as well as investments into the new premises in Oulu, as the most significant item).
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Equity ratio was 84.7 percent (85.6 percent, December 31, 2017).
- Net gearing was -26.7 percent (-52.9 percent, December 31, 2017).
Half Year Figures
| Group's net sales and operating result, MEUR | 2H/18 | 1H/18 | 2H/17 | 1H/17 |
| Net sales | 34.5 | 28.3 | 24.5 | 27.1 |
| Operating profit (loss) | 3.7 | -0.8 | -3.4 | -2.8 |
| Result before taxes | 3.5 | -0.8 | -3.4 | -2.4 |
| Result for the period | 4.8 | -0.8 | -2.4 | -2.4 |
| Distribution of net sales by product and services, MEUR and % | 2H/18 | 1H/18 | 2H/17 | 1H/17 |
| Product based netsales | 19,0 | 11,8 | 9,1 | 7,2 |
| 54,9 % | 41,8 % | 37,2 % | 26,5 % | |
| Services based net sales | 15,6 | 16,5 | 15,2 | 19,7 |
| 45,1 % | 58,2 % | 62,0 % | 72,2 % | |
| Other net sales | 0,2 | 0,2 | ||
| 0,8 % | 0,7 % |
| Distribution of net sales by market areas, MEUR and % | 2H/18 | 1H/18 | 2H/17 | 1H/17 |
| Asia | 0.4 1.1% |
0.5 1.7% |
1.0 4.2% |
0.3 1.1% |
Americas |
5.0 14.6% |
3.0 10.6% |
1.4 5.8% |
4.5 16.4% |
Europe |
29.1 84.3% |
24.8 87.7% |
22.0 90.0% |
22.4 82.5% |