ANNUAL REPORT 2006/07
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Quarterly Development
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Quarterly Development
               
Figures in the tables are unaudited.
               
  11/06-1/07 8-10 5-7 2-4 2/06-1/07 2/05-1/06 Change
  2006 2006 2006 2006 2006 2005 %
               
NET SALES              
(EURm)              
Tamro Sweden 453.4 431.2 418.5 405.3 1,708.3 1,536.3 11.2
Tamro Denmark 356.4 331.2 336.7 310.6 1,334.8 1,230.9 8.4
Tamro Finland 267.9 266.6 259.9 246.1 1,040.6 1,039.1 0.1
Tamro Norway 187.9 177.1 189.8 168.5 723.2 699.5 3.4
Tamro Estonia 17.0 15.1 14.1 13.9 60.1 54.9 9.4
Tamro Latvia 30.0 27.4 23.9 25.2 106.5 87.0 22.4
Tamro Lithuania 28.9 26.1 26.7 22.2 103.9 83.6 24.3
Tamro Poland 88.9 85.6 80.8 92.6 347.9 0.0  
Tamro MedLab 0.1 0.0 26.6 34.5 61.2 132.5 -53.8
Other and internal -8.2 -5.2 -4.1 -4.5 -22.0 -7.0 214.1
Group total 1,422.2 1,355.0 1,372.8 1,314.5 5,464.5 4,856.8 12.5
             
NUMBER OF EMPLOYEES, AVERAGE              
Tamro Sweden 429 451 460 429 440 448 -1.8
Tamro Denmark 630 650 648 613 634 614 3.3
Tamro Finland 342 345 334 322 335 332 0.9
Tamro Norway 1,817 1,807 1,809 1,783 1,803 1,650 9.3
Tamro Estonia 269 282 281 257 270 209 29.2
Tamro Latvia 333 315 307 292 311 276 12.7
Tamro Lithuania 409 418 429 435 422 397 6.3
Tamro Poland 346 345 351 265 321 0  
Tamro MedLab 0 0 217 289 133 274 -51.5
Others 23 24 22 23 24 23 4.3
Group total 4,598 4,637 4,858 4,708 4,693 4,223 11.1

           

CONSOLIDATED INCOME STATEMENT              
(EURm)              
Net Sales 1,422.2 1,355.0 1,372.8 1,314.5 5,464.5 4,856.8 12.5
Other income 1.2 2.9 2.1 0.1 6.3 7.6 -17.1
Raw materials and services -1,312.6 -1,250.1 -1,260.0 -1,205.5 -5,028.2 -4,442.1 13.2
Personnel expenses -48.1 -46.3 -52.0 -48.1 -194.6 -185.7 4.8
Depreciation and value adjustments -7.9 -8.2 -8.7 -9.0 -33.7 -34.9 -3.3
Other operating expenses -29.1 -21.8 -23.2 -22.9 -97.0 -85.2 13.8
Operating profit 25.6 31.6 31.1 29.1 117.4 116.5 0.7
Financial income and expenses -1.6 -1.3 -1.4 -1.9 -6.2 -5.7 8.8
Share of assosiated companies' net income 0.0 0.1 0.1 0.0 0.2 0.3 -31.3
Profit before extraordinary items 24.0 30.5 29.7 27.2 111.4 111.1 0.2
Extraordinary items 0.0 0.5 48.0 0.0 48.5 0.0  
Profit before taxes 24.0 31.0 77.7 27.2 159.9 111.1 43.9
Income taxes -7.7 -8.5 -9.9 -7.1 -33.2 -28.1 18.3
Minority interest 0.0 -0.1 0.0 -0.1 -0.2 -0.2 5.0
Net profit for the period 16.3 22.4 67.9 19.9 126.4 82.8 52.7
 
  31/1/ 31/10/ 31/7/ 30/4/ 31/1/ 31/1/ Change
  2007 2006 2006 2006 2006 2006 %
               
CONSOLIDATED BALANCE SHEET              
(EURm)              
Assets              
Intangible and tangible assets 319.1 307.8 318.5 335.7 319.1 324.7 -1.7
Financial assets 17.4 19.1 19.2 19.4 17.4 19.3 -9.9
Inventories 357.7 371.7 377.9 387.2 357.7 305.1 17.3
Receivables 464.7 541.4 489.2 484.3 464.7 399.1 16.4
Liquid assets and short-term investments 55.2 6.8 6.1 16.7 55.2 9.9 457.8
  1,214.2 1,246.9 1,210.8 1,243.3 1,214.2 1,058.1 14.7
Equity & liabilities
Shareholders' equity 373.2 396.4 385.7 320.0 373.2 314.5 18.7
Minority interest 0.2 0.5 0.4 0.4 0.2 0.3 -30.9
Obligatory reserves 2.0 2.6 2.2 2.1 2.0 2.3 -11.5
Long-term liabilities 28.9 27.0 27.3 27.6 28.9 28.0 3.2
Short-term liabilities 809.9 820.4 795.2 893.2 809.9 713.0 13.6
               
Balance sheet total 1,214.2 1,246.9 1,210.8 1,243.3 1,214.2 1,058.1 14.7

  11/06-1/07 8-10 5-7 2-4 2/06-1/07 2/05-1/06 Change
  2006 2006 2006 2006 2007 2005 %
               
OTHER CONSOLIDATED KEY FIGURES              
Operating margin, % 1.8 % 2.3 % 2.3 % 2.2 % 2.1 % 2.4 % -10.5
Profit margin, % 1.7 % 2.3 % 5.7 % 2.1 % 2.9 % 2.3 % 27.9
Return on capital employed, % 24.0 % 27.5 % 74.1 % 30.2 % 40.7 % 28.3 % 43.6
Return on equity, % 17.9 % 22.9 % 76.8 % 25.3 % 36.8 % 24.9 % 48.0
 
Gross investments, €m 16.3 6.5 6.3 5.9 35.1 71.8 -51.2
Free cash flow, €m 116.6 13.8 -57.4 79.0 152.0 95.1 59.8
Capital employed, €m 434.8 485.0 435.2 393.7 416.9 416.9 0.0
Net debt, €m -2.5 75.6 98.4 42.6 -2.5 92.9 -102.7
Net gearing, % -0.7 % 19.1 % 25.5 % 13.3 % -0.7 % 26.4 % -102.6
Equity Ratio, % 30.8 % 31.8 % 31.9 % 25.8 % 30.8 % 29.8 % 3.4
 
Number of shares - at end, millions (excluding own shares) 114.5 114.5 114.5 114.5 114.5 114.5 0.0
Number of shares - average, millions (excluding own shares) 114.5 114.5 114.5 114.5 114.5 114.5 0.0
Earnings per share, € (excluding own shares) 0.14 0.20 0.59 0.17 1.10 0.72 52.7
Equity per share, € (excluding own shares) 3.11 3.37 2.80 2.80 3.26 2.75 18.6
Number of employees, average 4,598 4,637 4,858 4,708 4,693 4,223 11.1
  Tamro Web Annual Report 2006/07. Published 9 May 2007. Copyright © Tamro Corporation 2007. All rights reserved.