Board of Directors' report

Group key figures

Key figures, IFRS Jan–Dec 2014 Jan–Dec 2013 Change
Net sales 2,044.5 2,020.1 24.4

Infrastructure construction, EUR million 1,339.0 1,279.2 59.8

Building construction, Finland, EUR million 539.0 592.9 -53.9

Russian operations, EUR million 196.1 164.5 31.6

Other items, EUR million -29.6 -16.4 -13.2
Operating profit, EUR million 36.3 -89.3 125.6

Infrastructure construction, EUR million 38.0 -13.1 51.1

Building construction, Finland, EUR million 9.3 5.0 4.3

Russian operations, EUR million 19.7 -0.3 20.0

Other items, EUR million -30.8 -80.8 50.0
Operating profit, excl. NR-items, EUR million* 52.3 -3.9 56.2
Operating margin, % 1.8 -4.4

Infrastructure construction, % 2.8 -1.0

Building construction, Finland, % 1.7 0.8

Russian operations, % 10.1 -0.2
Operating margin, excl. NR-items, %* 2.6 -0.2
Pre-tax profit, EUR million -1.7 -116.1 114.4
Profit from continuing operations, EUR million -5.0 -96.2 91.2
Profit for the period , EUR million 18.1 -93.5 111.6
Earnings per share, continuing operations, EUR -0.68 -4.94 4.26
Earnings per share for the period, EUR 0.40 -4.81 5.21
Cash flow from operations, EUR million** -54.8 8.3 -63.1

* Non-recurring items included in IFRS operating profit are:
1–12/2014: Total EUR 16.0 million (EUR 9.6 million write-downs and EUR 6.4 million increase in provisions related to asphalt cartel)
1–12/2013: Total EUR 85.4 million (EUR 19.8 million write-downs and EUR 65.6 million damages paid and provisions related to asphalt cartel)

** 1–12/2014 cash flow from operations includes EUR 60 million of damages paid related to asphalt cartel.


Key figures, IFRS 31 Dec 2014 31 Dec 2013 Change
Order book, continuing operations, EUR million 1,456.1 1,733.2 -277.1
Balance sheet total, EUR million 1,257.8 1,342.7 -84.9
Interest-bearing net debt, EUR million 213.6 326.5 -112.9
Equity ratio, % 37.1 27.3
Gearing, % 51.8 100.8
Return on investment, rolling 12 months, %* 13.5 -9.4

* Includes discontinued operations.


 
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