Financial position

Raute uses key ratios and alternative performance measures (APM's) to describe the income, operational financial result, capital structure, return on equity, financial position and cash flows.

 20222021202020192018
Net sales, EUR thousand158 324142 212114 994151 297180 993
Change in net sales, %11.323.7-24.0-16.422.2
Exported portion (outside Finland) of net sales, EUR thousand141 830130 548108 267133 535153 180
% of net sales89.691.894.288.384.6
EBITDA***-9 6892 071   
Comparable EBITDA***-2 2583 479   
% of net sales***-1.42.4   
Operating profit, EUR thousand-14 642-2 244-2 7708 45414 922
% of net sales-9.2-1.6-2.45.68.2
      
Profit before tax, EUR thousand-13 814-1 772-2 4559 25314 912
% of net sales-8.7-1.2-2.16.18.2
Profit for the financial year, EUR thousand-11 513-1 775-1 8197 68711 836
% of net sales-7.3-1.2-1.65.16.5
      
Return on investment (ROI), %-29.9-2.7-2.718.134.6
Return on equity (ROE), %-40.4-4.8-4.116.027.6
Balance sheet total, EUR thousand**92 053110 67685 42890 65196 382
      
Interest-bearing net liabilities, EUR thousand**6 721-12 244-3 863-13 923-12 295
% of net sales**4.2-8.6-3.4-9.2-6.8
Non-interest-bearing liabilities, EUR thousand56 73564 06537 74032 63548 793
Equity ratio, %**36.644.358.862.961.7
Gearing, %**29.4-35.9-9.6-28.1-26.4
      
Gross capital expenditure, EUR thousand6 5726 2974 2582 9564 384
& of net sales4.24.43.72.02.4
Research and development costs, EUR thousand6 2954 9194 2604 4193 735
% of net sales4.03.53.72.92.1
Order book, EUR million84158948895
Order intake, EUR million138203119148167
      
Personnel at Dec. 31778802751778772
Personnel, effective, on average774780743761725
Personnel, on average829788760784748
      
Dividend, EUR thousand0*03 4116 1825 968
   

* The Board of Directors' proposal to the Annual General Meeting.
** Raute Group has adopted IFRS 16 standard as of the financial year 2019. The figures for the comparison year 2018 have not been restated.
*** Raute has adopted two new key figures: EBITDA and Comparable EBITDA. The formula of these key figures is presented in the Financial Statements.

  
   

The calculation of the key figures and the alternative performance measures has been presented in here.