ANNUAL REPORT 2007/08
Tamro in Brief
CEO's Review
Corporate Governance
Group Management
Financial Risk Management
Corporate Responsibility
Human Resources
BUSINESS UNITS
FINANCIAL STATEMENTS
Board of Directors' Report
Board of Directors
Consolidated Income Statement
Consolidated Balance Sheet
Consolidated Cash Flow Statement
Income Statement of the Parent Company
Balance Sheet of the Parent Company
Cash Flow Statement of the Parent Company
Accounting Principles
Notes to the Financial Statements
Proposal for Profit Distribution
Auditors' Report
Financial Indicators 2003-2007/08
Calculation of Financial Ratios
Quarterly Development
Site Map/
Download Centre
Home
Back
Instructions
Print
Download Excel Sheet
Financial indicators
2007/08
12 months
2006/07
12 months
2005/06
12 months
2004/05
13 months
2003
12 months
FROM THE INCOME STATEMENT, EURm
Net Sales
5,605.2
5,464.5
4,856.8
4,856.7
4,169.4
Other income
3.6
6.3
7.6
0.4
2.1
Operating expenses
-5 454.1
-5,319.7
-4,713.0
-4,729.6
-4,060.5
Depreciation
-32.3
-33.7
-34.9
-35.0
-33.0
Operating profit
122.4
117.4
116.5
92.5
78.0
Financial income and expenses
-1.9
-6.2
-5.7
-4.0
-9.3
Share of affiliated companies' net income
0.3
0.2
0.3
0.3
0.3
Profit before extraordinery items
120.8
111.4
111.1
88.5
68.7
Extraordinary items
0.0
48.5
0.0
0.0
0.0
Profit before taxes
120.8
159.9
111.1
88.8
69.0
Minority and income taxes
-32.0
-33.5
-28.3
-23.3
-21.8
Net profit for the period
88.8
126.4
82.8
65.5
47.2
FROM THE BALANCE SHEET, EURm
Tangible and intangible assets
322.9
319.1
324.7
306.1
287.5
Financial assets
17.5
17.4
19.3
7.8
29.6
Inventories
391.7
357.7
305.1
307.1
303.8
Receivables
504.6
464.7
399.1
417.0
450.5
Liquid assets and short-term investments
38.6
55.2
9.9
13.2
22.3
Equity
335.9
373.2
314.5
351.8
370.1
Minority
0.3
0.2
0.3
1.0
18.4
Obligatory reserves
1.6
2.0
2.3
1.8
1.4
Long-term liabilities
28.7
28.9
28.0
16.7
15.5
Short-term liabilities
908.8
809.9
713.0
679.9
688.3
Balance sheet total
1,275.3
1,214.2
1,058.1
1,051.2
1,093.7
KEY FIGURES
Sales change, %
2.6
12.5
0.0
16.5
1.6
Operating margin, %
2.2
2.1
2.4
1.9
1.9
Profit margin, %
2.2
2.9
2.3
1.8
1.7
Return on capital employed, %
32.0
40.7
28.3
19.2
16.1
Return on equity, %
25.1
36.8
24.9
16.4
12.9
Free cash flow, EURm
116.0
152.0
95.1
101.5
40.4
Capital employed, EURm
405.8
416.9
416.9
426.1
482.2
Net debt, EURm
10.8
-2.5
92.9
60.1
71.4
Net gearing, %
3.2
-0.7
26.4
17.0
18.4
Interest cover
13.5
17.5
16.0
18.3
7.6
Equity Ratio, %
26.4
30.8
29.8
33.6
35.4
PER SHARE DATA 1)
Number of shares - at end, millions
114.5
114.5
114.5
114.5
114.5
Number of shares - average, millions
114.5
114.5
114.5
114.5
114.5
Earnings per share, EUR
0.78
1.10
0.72
0.57
0.41
Dividend per share, EUR
1.75 (2
0.60
0.20
1.06
0.74
Dividend per earnings, %
224
54
28
186
180
Effective dividend yield, %
16.4
Equity per share, EUR
2.94
3.26
2.75
3.07
3.22
P/E multiple
11
TAMRO SHARE INFORMATION
Average trading price, EUR
4.48
Lowest trading price, EUR
3.77
Highest trading price, EUR
4.60
Price at 31 December, EUR
4.51
Trading volume, million shares
50.8
Trading volume, %
44
Market capitalisation at 31 December, EURm
516.4
OTHER
Investments, EURm
37.1
35.1
71.8
64.1
39.6
as % of sales
0.7
0.6
1.5
1.3
0.9
Number of employees, average
4,736
4,693
4,223
3,909
3,820
1) excluding own shares
2) Board proposal
Tamro Web Annual Report 2007/08. Published 30 April 2008. Copyright © Tamro Corporation 2008. All rights reserved.
