| |
|
2010/11 |
2009/10 |
Change
in % |
2008/09 |
2007/06 |
2006/07 |
| Sales volumes |
|
|
|
|
|
|
|
| Electricity generation |
GWh |
3,332 |
3,653 |
–8,8 |
3,477 |
4,022 |
3,451 |
Electricity sales volumes
to end customers |
GWh |
20,403 |
20,101 |
1,5 |
19,541 |
19,372 |
18,043 |
Gas sales volumes
to end customers |
GWh |
6,475 |
6,738 |
–3,9 |
6,102 |
6,759 |
5,603 |
Heating sales volumes
to end customers |
GWh |
1,911 |
1,821 |
4,9 |
1,576 |
1,362 |
911 |
| |
|
|
|
|
|
|
|
| Consolidated Income Statement |
|
|
|
|
|
|
|
| Revenue |
EURm |
2,729.2 |
2,752.1 |
–0,8 |
2,727.0 |
2,397.0 |
2,233.1 |
| EBITDA |
EURm |
471.4 |
416.6 |
13.2 |
373.4 |
362.3 |
350.7 |
| EBITDA margin1) |
% |
17.3 |
15.1 |
2.1 |
13.7 |
15.1 |
15.7 |
| Results from operating activities (EBIT) |
EURm |
218,7 |
187.3 |
16.8 |
175.2 |
166.6 |
197.3 |
| EBIT margin1) |
% |
8.0 |
6.8 |
1.2 |
6.4 |
7.0 |
8.8 |
| Profit before income tax |
EURm
|
260.5 |
270.9 |
–3.8 |
226.0 |
235.5 |
287.4 |
| Group net profit |
EURm |
189.7 |
207.0 |
–8.4 |
177.9 |
186.9 |
227.0 |
| |
|
|
|
|
|
|
|
| Consolidated Balance Sheet |
|
|
|
|
|
|
|
| Balance sheet total |
EURm |
6,870.4 |
6,731.2 |
2.1 |
6,695.4 |
6,636.3 |
6,261.9 |
| Equity |
EURm |
3,176.0 |
3,025.3 |
5.0 |
3,127.2 |
3,208.5 |
3,014.7 |
| Equity ratio1) |
% |
46.2 |
44.9 |
1.3 |
46.7 |
48.3 |
48.1 |
| Net debt |
EURm |
1,579.2 |
1,458.2 |
8.3 |
1,378.2 |
1,131.3 |
825.3 |
| Gearing1) |
% |
49.7 |
48.2 |
1.5 |
44.1 |
35.3 |
27.4 |
| Return on Equity (ROE)1) |
% |
7.5 |
7.4 |
0.1 |
6.3 |
7.4 |
9.0 |
| Return on Capital Employed (ROCE)1) |
% |
5.7 |
5.6 |
0.1 |
5.4 |
6.3 |
7.1 |
| |
|
|
|
|
|
|
|
| Consolidated Cash Flow and Investments |
|
|
|
|
|
|
|
| Net cash flow from operating activities |
EURm |
522.0 |
499.3 |
4.6 |
335.3 |
382.6 |
342.8 |
| Investments2) |
EURm |
415.7 |
394.0 |
5.5 |
415.7 |
415.6 |
277.7 |
| Net Debt Coverage (FFO)1) |
% |
38.2 |
39.0 |
–0.8 |
30.6 |
41.3 |
50.7 |
| Interest Cover (FFO) |
x |
7.6 |
8.2 |
–6.9 |
4.9 |
5.5 |
5.5 |
| |
|
|
|
|
|
|
|
| Employees |
|
|
|
|
|
|
|
| Number of employees |
Ø |
8,250 |
8,536 |
–3.4 |
8,937 |
9,342 |
9,535 |
| thereof Austria |
Ø |
2,578 |
2,546 |
1.2 |
2,563 |
2,468 |
2,365 |
| thereof abroad |
Ø |
5,672 |
5,990 |
–5.3 |
6,374 |
6,874 |
7,170 |
| |
|
|
|
|
|
|
|
| Value added |
|
|
|
|
|
|
|
| Net operating profit after tax (NOPAT) |
EURm |
328.6 |
254.5 |
29.1 |
234.9 |
280.9 |
275.2 |
| Capital employed3) |
EURm |
4,393.8 |
3,952.4 |
11.2 |
3,493.8 |
3,219.7 |
3,041.2 |
| Operating ROCE1) |
% |
7.5 |
6.4 |
1.0 |
6.7 |
8.7 |
9.0 |
| Weighted average cost of capital (WACC)1) |
% |
6.5 |
6.5 |
– |
6.5 |
6.5 |
6.5 |
| Economic value added (EVA®)4) |
EURm |
43.0 |
–2.4 |
– |
7.8 |
71.7 |
77.5 |
| |
|
|
|
|
|
|
|
| Share |
|
|
|
|
|
|
|
| Earnings5) |
EUR |
1.07 |
1.27 |
–16.1 |
1.09 |
1.14 |
1.39 |
| Dividend5) |
EUR |
0.416) |
0.40 |
2.5 |
0.37 |
0.37 |
0.38 |
| Payout ratio1) |
% |
38.5 |
34.7 |
3.8 |
33.9 |
32.4 |
27.0 |
| Dividend yield1) |
% |
3.8 |
3.5 |
0.3 |
2.7 |
2.5 |
1.7 |
| |
|
|
|
|
|
|
|
| Share performance |
|
|
|
|
|
|
|
| Share price at the end of September5) |
EUR |
10.82 |
11.45 |
–5.5 |
13.68 |
14.99 |
22.63 |
| Highest price5) |
EUR |
13.76 |
13.75 |
0.1 |
16.00 |
23.38 |
23.87 |
| Lowest price5) |
EUR |
9.92 |
10.61 |
–6.5 |
10.11 |
14.39 |
20.38 |
| Market capitalisation at Sept. 30 |
EURm |
1,945.0 |
1,872.0 |
3.9
|
2,237.0 |
2,451.3 |
3,699.8 |
| |
|
|
|
|
|
|
|
| Credit Rating |
|
|
|
|
|
|
|
| Moody‘s |
|
A3, stable |
A3, stable |
– |
A2, negative |
A1, stable |
A1, stable |
| Standard & Poor‘s |
|
A–, negative |
A–, negative |
– |
A-, negative |
A, negative |
A, stable |