Lemminkäinen and YIT will complete the merger
Back
- Stock Exchange Releases
- 4/9/2010
Lemminkäinen's comparative figures for 2009 prepared in accordance with IFRIC 15
LEMMINKÄINEN OYJ STOCK EXCHANGE BULLETIN 9.4.2010, AT 9:30 LEMMINKÄINEN'S COMPARATIVE FIGURES FOR 2009 PREPARED IN ACCORDANCE WITH IFRIC 15 From 1 January 2010, Lemminkäinen will observe the interpretation IFRIC 15 -Agreements for the Construction of Real Estate, which was endorsed by the European Commission in July 2009. The interpretation clarifies whether an agreement for the construction of real estate falls within the scope of IAS 11 Constructio
LEMMINKÄINEN OYJ STOCK EXCHANGE BULLETIN 9.4.2010, AT 9:30 LEMMINKÄINEN'S COMPARATIVE FIGURES FOR 2009 PREPARED IN ACCORDANCE WITH IFRIC 15 From 1 January 2010, Lemminkäinen will observe the interpretation IFRIC 15 -Agreements for the Construction of Real Estate, which was endorsed by the European Commission in July 2009. The interpretation clarifies whether an agreement for the construction of real estate falls within the scope of IAS 11 Construction Contracts or IAS 18 Revenue, and when income from such construction projects can be recognised on the basis of percentage of completion. The interpretation provides guidance on when revenue stemming from the construction of real estate is to be recognised on the basis of delivery, and when percentage-of-completion can be used as the recognition principle. In Lemminkäinen Group the new interpretation will affect especially the income recognition practice for own housing production, the basis of which will change from percentage-of-completion to full completion and delivery. Adoption of the interpretation will affect certain income statement, balance sheet and cash flow statement items as well as the financial ratios derived from them. Information reported by the Company on order books will also change as a consequence of the interpretation's adoption. Lemminkäinen will also apply the interpretation to internal segment reporting to management, so the change in reporting practice will not have any effect on reconciling items for segment information. Adoption of the interpretation will reduce the shareholders' equity on the Company's opening balance sheet for 2009 by EUR 4.2 million, which is EUR 0.8 million less than the Company estimated in its financial statements bulletin (Financial Statements Bulletin, 12.2.2010). CONSOLIDATED INCOME STATEMENT, BALANCE SHEET AND STATEMENT OF CASH FLOWS 1-12/2009 Consolidated Income Statement 1-12/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accountin | accounting | | | | g | | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net sales | 1,965.5 | 1,964.4 | 1.1 | -------------------------------------------------------------------------------- | Operating income and expenses | -1,909.6 | -1,908.4 | -1.2 | -------------------------------------------------------------------------------- | Depreciation | 34.3 | 34.3 | 0.0 | -------------------------------------------------------------------------------- | Share of the results of affiliated | 1.5 | 1.5 | 0.0 | | companies | | | | -------------------------------------------------------------------------------- | Operating profit/loss | 23.2 | 23.3 | -0.2 | -------------------------------------------------------------------------------- | Financial expenses | 54.1 | 54.1 | 0.0 | -------------------------------------------------------------------------------- | Financial income | 20.7 | 20.7 | 0.0 | -------------------------------------------------------------------------------- | Profit/loss before taxes | -10.2 | -10.0 | -0.2 | -------------------------------------------------------------------------------- | Income taxes | -13.6 | -13.7 | 0.0 | -------------------------------------------------------------------------------- | Profit/loss for the accounting period | -23.8 | -23.7 | -0.1 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Distribution of the profit/loss for the | | | | | accounting period | | | | -------------------------------------------------------------------------------- | To shareholders of | | | | -------------------------------------------------------------------------------- | the parent company | -26.2 | -26.1 | -0.1 | -------------------------------------------------------------------------------- | To minority interests | 2.4 | 2.4 | 0.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EPS calculated from profit/loss attributable to | | | | parent company shareholders | | | -------------------------------------------------------------------------------- | Earnings per share, diluted and | | | | -------------------------------------------------------------------------------- | undiluted, EUR | -1.54 | -1.53 | -0.01 | -------------------------------------------------------------------------------- Consolidated Statement of Comprehensive Income 1-12/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit/loss for the accounting period | -23.8 | -23.7 | -0.1 | -------------------------------------------------------------------------------- | Translation difference | 3.4 | 3.3 | 0.0 | -------------------------------------------------------------------------------- | Hedging of net investment | | | | -------------------------------------------------------------------------------- | in foreign subsidiary | -0.4 | -0.4 | 0.0 | -------------------------------------------------------------------------------- | Cash flow hedge | -0.2 | -0.2 | 0.0 | -------------------------------------------------------------------------------- | Other comprehensive income, total | 2.8 | 2.7 | 0.0 | -------------------------------------------------------------------------------- | Comprehensive income | | | | -------------------------------------------------------------------------------- | for the accounting period | -21.0 | -21.0 | 0.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Distribution of comprehensive income for the | | | | accounting period | | | -------------------------------------------------------------------------------- | To shareholders of the parent company | -23.4 | -23.3 | -0.1 | -------------------------------------------------------------------------------- Consolidated Balance Sheet 12/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current assets | | | | -------------------------------------------------------------------------------- | Tangible assets | 184.6 | 184.6 | 0.0 | -------------------------------------------------------------------------------- | Goodwill | 78.3 | 78.3 | 0.0 | -------------------------------------------------------------------------------- | Other intangible assets | 2.7 | 2.7 | 0.0 | -------------------------------------------------------------------------------- | Investments | 12.8 | 12.8 | 0.0 | -------------------------------------------------------------------------------- | Deferred tax asset | 14.3 | 12.8 | 1.4 | -------------------------------------------------------------------------------- | Other non-current receivables | 7.5 | 7.5 | 0.0 | -------------------------------------------------------------------------------- | Total | 300.1 | 298.7 | 1.4 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current assets | | | | -------------------------------------------------------------------------------- | Inventories | 374.7 | 355.4 | 19.3 | -------------------------------------------------------------------------------- | Trade and other receivables | 305.1 | 305.1 | 0.0 | -------------------------------------------------------------------------------- | Cash funds | 74.4 | 74.4 | 0.0 | -------------------------------------------------------------------------------- | Total | 754.3 | 735.0 | 19.3 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Assets, total | 1,054.4 | 1,033.7 | 20.7 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholders' equity and liabilities | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Equity attributable to shareholders of | | | | | the parent company | | | | -------------------------------------------------------------------------------- | Share capital | 34.0 | 34.0 | 0.0 | -------------------------------------------------------------------------------- | Share premium account | 5.8 | 5.8 | 0.0 | -------------------------------------------------------------------------------- | Hedging reserve | -2.0 | -2.0 | 0.0 | -------------------------------------------------------------------------------- | Translation differences | -1.7 | -1.7 | 0.0 | -------------------------------------------------------------------------------- | Retained earnings | 261.6 | 265.4 | -3.8 | -------------------------------------------------------------------------------- | Profit/loss for the period | -26.2 | -26.1 | -0.1 | -------------------------------------------------------------------------------- | Shareholders' equity before minority | 271.5 | 275.4 | -3.9 | | interest | | | | -------------------------------------------------------------------------------- | Minority interest | 23.2 | 23.7 | -0.5 | -------------------------------------------------------------------------------- | Shareholders' equity, total | 294.8 | 299.0 | -4.3 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current liabilities | | | | -------------------------------------------------------------------------------- | Deferred tax liabilities | 19.0 | 19.0 | 0.0 | -------------------------------------------------------------------------------- | Pension liabilities | 0.7 | 0.7 | 0.0 | -------------------------------------------------------------------------------- | Provisions | 1.8 | 1.8 | 0.0 | -------------------------------------------------------------------------------- | Financial liabilities | 290.7 | 290.7 | 0.0 | -------------------------------------------------------------------------------- | Other liabilities | 2.4 | 2.4 | 0.0 | -------------------------------------------------------------------------------- | Total | 314.6 | 314.6 | 0.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current liabilities | | | | -------------------------------------------------------------------------------- | Accounts payable and other liabilities | 328.4 | 303.4 | 25.0 | -------------------------------------------------------------------------------- | Provisions | 8.3 | 8.3 | 0.0 | -------------------------------------------------------------------------------- | Financial liabilities | 108.4 | 108.4 | 0.0 | -------------------------------------------------------------------------------- | Total | 445.0 | 420.0 | 25.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholders' equity and | | | | -------------------------------------------------------------------------------- | liabilities, total | 1,054.4 | 1,033.7 | 20.7 | -------------------------------------------------------------------------------- Consolidated Statement of Cash Flows 1-12/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit/loss before taxes | -10.2 | -10.0 | -0.2 | -------------------------------------------------------------------------------- | Depreciation | 34.3 | 34.3 | 0.0 | -------------------------------------------------------------------------------- | Other adjustments | 33.9 | 33.9 | 0.0 | -------------------------------------------------------------------------------- | Cash flow before change in working | 58.0 | 58.1 | -0.1 | | capital | | | | -------------------------------------------------------------------------------- | Change in working capital | 52.4 | 52.3 | 0.1 | -------------------------------------------------------------------------------- | Financial items | -30.2 | -30.2 | 0.0 | -------------------------------------------------------------------------------- | Direct taxes paid | -16.0 | -16.0 | 0.0 | -------------------------------------------------------------------------------- | Cash flow from operating activities | 64.2 | 64.2 | 0.0 | -------------------------------------------------------------------------------- | Cash flow provided by investing | 11.9 | 11.9 | 0.0 | | activities | | | | -------------------------------------------------------------------------------- | Cash flow used in investing activities | -30.5 | -30.5 | 0.0 | -------------------------------------------------------------------------------- | Change in non-current receivables | 0.0 | 0.0 | 0.0 | -------------------------------------------------------------------------------- | Drawings of loans | 562.3 | 562.3 | 0.0 | -------------------------------------------------------------------------------- | Repayments of loans | -764.6 | -764.6 | 0.0 | -------------------------------------------------------------------------------- | Dividends paid | -18.0 | -18.0 | 0.0 | -------------------------------------------------------------------------------- | Cash flow from financing activities | -220.2 | -220.2 | 0.0 | -------------------------------------------------------------------------------- | Change in cash funds | -174.6 | -174.6 | 0.0 | -------------------------------------------------------------------------------- | Cash funds at beginning of period | 250.1 | 250.1 | 0.0 | -------------------------------------------------------------------------------- | Translation difference of cash funds | -1.1 | -1.1 | 0.0 | -------------------------------------------------------------------------------- | Cash funds at end of period | 74.4 | 74.4 | 0.0 | -------------------------------------------------------------------------------- CONSOLIDATED INCOME STATEMENT, BALANCE SHEET AND STATEMENT OF CASH FLOWS 1-9/2009 Consolidated Income Statement 1-9/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accountin | accounting | | | | g | | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net sales | 1,440.4 | 1,444.8 | -4.4 | -------------------------------------------------------------------------------- | Operating income and expenses | -1,403.7 | -1,408.2 | 4.6 | -------------------------------------------------------------------------------- | Depreciation | 26.7 | 26.7 | 0.0 | -------------------------------------------------------------------------------- | Share of the results of affiliated | 1.1 | 1.1 | 0.0 | | companies | | | | -------------------------------------------------------------------------------- | Operating profit/loss | 11.2 | 11.0 | 0.1 | -------------------------------------------------------------------------------- | Financial expenses | 41.0 | 41.0 | 0.0 | -------------------------------------------------------------------------------- | Financial income | 15.6 | 15.6 | 0.0 | -------------------------------------------------------------------------------- | Profit/loss before taxes | -14.2 | -14.4 | 0.1 | -------------------------------------------------------------------------------- | Income taxes | -10.3 | -10.2 | -0.1 | -------------------------------------------------------------------------------- | Profit/loss for the accounting period | -24.5 | -24.6 | 0.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Distribution of the profit/loss for the | | | | | accounting period | | | | -------------------------------------------------------------------------------- | To shareholders of | | | | -------------------------------------------------------------------------------- | the parent company | -25.5 | -25.8 | 0.3 | -------------------------------------------------------------------------------- | To minority interests | 1.0 | 1.3 | -0.3 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EPS calculated from profit/loss attributable to | | | | parent company shareholders | | | -------------------------------------------------------------------------------- | Earnings per share, diluted and | | | | -------------------------------------------------------------------------------- | undiluted, EUR | -1.50 | -1.52 | 0.02 | -------------------------------------------------------------------------------- Consolidated Statement of Comprehensive Income 1-9/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit/loss for the accounting period | -24.5 | -24.6 | 0.0 | -------------------------------------------------------------------------------- | Translation difference | 2.1 | 2.1 | 0.0 | -------------------------------------------------------------------------------- | Hedging of net investment | | | | -------------------------------------------------------------------------------- | in foreign subsidiary | -0.4 | -0.4 | 0.0 | -------------------------------------------------------------------------------- | Cash flow hedge | -0.5 | -0.5 | 0.0 | -------------------------------------------------------------------------------- | Other comprehensive income, total | 1.2 | 1.2 | 0.0 | -------------------------------------------------------------------------------- | Comprehensive income | | | | -------------------------------------------------------------------------------- | for the accounting period | -23.3 | -23.4 | 0.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Distribution of comprehensive income for the | | | | accounting period | | | -------------------------------------------------------------------------------- | To shareholders of the parent company | -24.3 | -24.6 | 0.3 | -------------------------------------------------------------------------------- Consolidated Balance Sheet 9/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current assets | | | | -------------------------------------------------------------------------------- | Tangible assets | 185.4 | 185.4 | 0.0 | -------------------------------------------------------------------------------- | Goodwill | 77.7 | 77.7 | 0.0 | -------------------------------------------------------------------------------- | Other intangible assets | 2.4 | 2.4 | 0.0 | -------------------------------------------------------------------------------- | Investments | 12.7 | 12.7 | 0.0 | -------------------------------------------------------------------------------- | Deferred tax asset | 16.5 | 15.2 | 1.3 | -------------------------------------------------------------------------------- | Other non-current receivables | 6.8 | 6.8 | 0.0 | -------------------------------------------------------------------------------- | Total | 301.4 | 300.1 | 1.3 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current assets | | | | -------------------------------------------------------------------------------- | Inventories | 429.1 | 403.9 | 25.3 | -------------------------------------------------------------------------------- | Trade and other receivables | 479.9 | 479.9 | 0.0 | -------------------------------------------------------------------------------- | Cash funds | 121.1 | 121.1 | 0.0 | -------------------------------------------------------------------------------- | Total | 1,030.2 | 1,004.9 | 25.3 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Assets, total | 1,331.5 | 1,305.0 | 26.5 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholders' equity and liabilities | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Equity attributable to shareholders of | | | | | the parent company | | | | -------------------------------------------------------------------------------- | Share capital | 34.0 | 34.0 | 0.0 | -------------------------------------------------------------------------------- | Share premium account | 5.8 | 5.8 | 0.0 | -------------------------------------------------------------------------------- | Hedging reserve | -2.2 | -2.2 | 0.0 | -------------------------------------------------------------------------------- | Translation differences | -3.0 | -3.0 | 0.0 | -------------------------------------------------------------------------------- | Retained earnings | 261.6 | 265.4 | -3.8 | -------------------------------------------------------------------------------- | Profit/loss for the period | -25.5 | -25.8 | 0.3 | -------------------------------------------------------------------------------- | Shareholders' equity before minority | 270.7 | 274.1 | -3.5 | | interest | | | | -------------------------------------------------------------------------------- | Minority interest | 22.7 | 23.4 | -0.7 | -------------------------------------------------------------------------------- | Shareholders' equity, total | 293.4 | 297.5 | -4.2 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current liabilities | | | | -------------------------------------------------------------------------------- | Deferred tax liabilities | 19.4 | 19.4 | 0.0 | -------------------------------------------------------------------------------- | Pension liabilities | 0.3 | 0.3 | 0.0 | -------------------------------------------------------------------------------- | Provisions | 2.4 | 2.4 | 0.0 | -------------------------------------------------------------------------------- | Financial liabilities | 58.4 | 58.4 | 0.0 | -------------------------------------------------------------------------------- | Other liabilities | 2.4 | 2.4 | 0.0 | -------------------------------------------------------------------------------- | Total | 82.9 | 82.9 | 0.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current liabilities | | | | -------------------------------------------------------------------------------- | Accounts payable and other liabilities | 497.9 | 467.2 | 30.7 | -------------------------------------------------------------------------------- | Provisions | 7.2 | 7.2 | 0.0 | -------------------------------------------------------------------------------- | Financial liabilities | 450.2 | 450.2 | 0.0 | -------------------------------------------------------------------------------- | Total | 955.1 | 924.5 | 30.7 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholders' equity and | | | | -------------------------------------------------------------------------------- | liabilities, total | 1,331.5 | 1,305.0 | 26.5 | -------------------------------------------------------------------------------- Consolidated Statement of Cash Flows 1-9/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit/loss before taxes | -14.2 | -14.4 | 0.1 | -------------------------------------------------------------------------------- | Depreciation | 26.7 | 26.7 | 0.0 | -------------------------------------------------------------------------------- | Other adjustments | 24.3 | 24.3 | 0.0 | -------------------------------------------------------------------------------- | Cash flow before change in working | 36.8 | 36.6 | 0.2 | | capital | | | | -------------------------------------------------------------------------------- | Change in working capital | 2.2 | 2.4 | -0.1 | -------------------------------------------------------------------------------- | Financial items | -23.3 | -23.3 | 0.0 | -------------------------------------------------------------------------------- | Direct taxes paid | -19.2 | -19.2 | 0.0 | -------------------------------------------------------------------------------- | Cash flow from operating activities | -3.5 | -3.5 | 0.0 | -------------------------------------------------------------------------------- | Cash flow provided by investing | 8.1 | 8.1 | 0.0 | | activities | | | | -------------------------------------------------------------------------------- | Cash flow used in investing activities | -23.3 | -23.3 | 0.0 | -------------------------------------------------------------------------------- | Change in non-current receivables | -0.5 | -0.5 | 0.0 | -------------------------------------------------------------------------------- | Drawings of loans | 458.7 | 458.7 | 0.0 | -------------------------------------------------------------------------------- | Repayments of loans | -548.6 | -548.6 | 0.0 | -------------------------------------------------------------------------------- | Dividends paid | -18.0 | -18.0 | 0.0 | -------------------------------------------------------------------------------- | Cash flow from financing activities | -108.4 | -108.4 | 0.0 | -------------------------------------------------------------------------------- | Change in cash funds | -127.0 | -127.0 | 0.0 | -------------------------------------------------------------------------------- | Cash funds at beginning of period | 250.1 | 250.1 | 0.0 | -------------------------------------------------------------------------------- | Translation difference of cash funds | -1.9 | -1.9 | 0.0 | -------------------------------------------------------------------------------- | Cash funds at end of period | 121.1 | 121.1 | 0.0 | -------------------------------------------------------------------------------- CONSOLIDATED INCOME STATEMENT, BALANCE SHEET AND STATEMENT OF CASH FLOWS 1-6/2009 Consolidated Income Statement 1-6/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accountin | accounting | | | | g | | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net sales | 871.8 | 881.6 | -9.8 | -------------------------------------------------------------------------------- | Operating income and expenses | -836.7 | -845.9 | 9.3 | -------------------------------------------------------------------------------- | Depreciation | 14.2 | 14.2 | 0.0 | -------------------------------------------------------------------------------- | Share of the results of affiliated | 0.0 | 0.0 | 0.0 | | companies | | | | -------------------------------------------------------------------------------- | Operating profit/loss | 21.0 | 21.5 | -0.5 | -------------------------------------------------------------------------------- | Financial expenses | 30.5 | 30.5 | 0.0 | -------------------------------------------------------------------------------- | Financial income | 11.4 | 11.4 | 0.0 | -------------------------------------------------------------------------------- | Profit/loss before taxes | 1.9 | 2.4 | -0.5 | -------------------------------------------------------------------------------- | Income taxes | -2.2 | -2.3 | 0.1 | -------------------------------------------------------------------------------- | Profit/loss for the accounting period | -0.3 | 0.1 | -0.5 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Distribution of the profit/loss for the | | | | | accounting period | | | | -------------------------------------------------------------------------------- | To shareholders of | | | | -------------------------------------------------------------------------------- | the parent company | -1.5 | -1.3 | -0.2 | -------------------------------------------------------------------------------- | To minority interests | 1.2 | 1.5 | -0.2 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EPS calculated from profit/loss attributable to | | | | parent company shareholders | | | -------------------------------------------------------------------------------- | Earnings per share, diluted and | | | | -------------------------------------------------------------------------------- | undiluted, EUR | -0.09 | -0.08 | -0.01 | -------------------------------------------------------------------------------- Consolidated Statement of Comprehensive Income 1-6/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit/loss for the accounting period | -0.3 | 0.1 | -0.5 | -------------------------------------------------------------------------------- | Translation difference | 0.5 | 0.4 | 0.1 | -------------------------------------------------------------------------------- | Hedging of net investment | | | | -------------------------------------------------------------------------------- | in foreign subsidiary | -0.5 | -0.5 | 0.0 | -------------------------------------------------------------------------------- | Cash flow hedge | -0.4 | -0.4 | 0.0 | -------------------------------------------------------------------------------- | Other comprehensive income, total | -0.5 | -0.5 | 0.0 | -------------------------------------------------------------------------------- | Comprehensive income | | | | -------------------------------------------------------------------------------- | for the accounting period | -0.8 | -0.4 | -0.3 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Distribution of comprehensive income for the | | | | accounting period | | | -------------------------------------------------------------------------------- | To shareholders of the parent company | -2.0 | -1.9 | -0.1 | -------------------------------------------------------------------------------- Consolidated Balance Sheet 6/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current assets | | | | -------------------------------------------------------------------------------- | Tangible assets | 188.4 | 188.4 | 0.0 | -------------------------------------------------------------------------------- | Goodwill | 76.8 | 76.8 | 0.0 | -------------------------------------------------------------------------------- | Other intangible assets | 2.4 | 2.4 | 0.0 | -------------------------------------------------------------------------------- | Investments | 11.1 | 11.1 | 0.0 | -------------------------------------------------------------------------------- | Deferred tax asset | 16.4 | 14.9 | 1.4 | -------------------------------------------------------------------------------- | Other non-current receivables | 6.6 | 6.6 | 0.0 | -------------------------------------------------------------------------------- | Total | 301.7 | 300.2 | 1.4 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current assets | | | | -------------------------------------------------------------------------------- | Inventories | 447.4 | 417.7 | 29.7 | -------------------------------------------------------------------------------- | Trade and other receivables | 504.3 | 504.3 | 0.0 | -------------------------------------------------------------------------------- | Cash funds | 111.0 | 111.0 | 0.0 | -------------------------------------------------------------------------------- | Total | 1,062.7 | 1,033.0 | 29.7 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Assets, total | 1,364.4 | 1,333.2 | 31.1 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholders' equity and liabilities | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Equity attributable to shareholders of | | | | | the parent company | | | | -------------------------------------------------------------------------------- | Share capital | 34.0 | 34.0 | 0.0 | -------------------------------------------------------------------------------- | Share premium account | 5.8 | 5.8 | 0.0 | -------------------------------------------------------------------------------- | Hedging reserve | -2.2 | -2.2 | 0.0 | -------------------------------------------------------------------------------- | Translation differences | -4.8 | -4.8 | 0.0 | -------------------------------------------------------------------------------- | Retained earnings | 261.6 | 265.4 | -3.8 | -------------------------------------------------------------------------------- | Profit/loss for the period | -1.5 | -1.3 | -0.2 | -------------------------------------------------------------------------------- | Shareholders' equity before minority | 292.9 | 296.9 | -4.0 | | interest | | | | -------------------------------------------------------------------------------- | Minority interest | 23.0 | 23.7 | -0.7 | -------------------------------------------------------------------------------- | Shareholders' equity, total | 315.9 | 320.5 | -4.6 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current liabilities | | | | -------------------------------------------------------------------------------- | Deferred tax liabilities | 16.5 | 16.5 | 0.0 | -------------------------------------------------------------------------------- | Pension liabilities | 0.2 | 0.2 | 0.0 | -------------------------------------------------------------------------------- | Provisions | 2.0 | 2.0 | 0.0 | -------------------------------------------------------------------------------- | Financial liabilities | 267.8 | 267.8 | 0.0 | -------------------------------------------------------------------------------- | Other liabilities | 2.4 | 2.4 | 0.0 | -------------------------------------------------------------------------------- | Total | 288.8 | 288.8 | 0.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current liabilities | | | | -------------------------------------------------------------------------------- | Accounts payable and other liabilities | 463.7 | 427.9 | 35.7 | -------------------------------------------------------------------------------- | Provisions | 7.5 | 7.5 | 0.0 | -------------------------------------------------------------------------------- | Financial liabilities | 288.4 | 288.4 | 0.0 | -------------------------------------------------------------------------------- | Total | 759.6 | 723.9 | 35.7 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholders' equity and | | | | -------------------------------------------------------------------------------- | liabilities, total | 1,364.4 | 1,333.2 | 31.1 | -------------------------------------------------------------------------------- Consolidated Statement of Cash Flows 1-6/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit/loss before taxes | 1.9 | 2.4 | -0.5 | -------------------------------------------------------------------------------- | Depreciation | 14.2 | 14.2 | 0.0 | -------------------------------------------------------------------------------- | Other adjustments | 16.9 | 16.8 | 0.1 | -------------------------------------------------------------------------------- | Cash flow before change in working | 33.0 | 33.4 | -0.5 | | capital | | | | -------------------------------------------------------------------------------- | Change in working capital | -62.8 | -63.3 | 0.5 | -------------------------------------------------------------------------------- | Financial items | -26.7 | -26.7 | 0.0 | -------------------------------------------------------------------------------- | Direct taxes paid | -14.1 | -14.1 | 0.0 | -------------------------------------------------------------------------------- | Cash flow from operating activities | -70.6 | -70.6 | 0.0 | -------------------------------------------------------------------------------- | Cash flow provided by investing | 1.9 | 1.9 | 0.0 | | activities | | | | -------------------------------------------------------------------------------- | Cash flow used in investing activities | -18.2 | -18.2 | 0.0 | -------------------------------------------------------------------------------- | Change in non-current receivables | -0.3 | -0.3 | 0.0 | -------------------------------------------------------------------------------- | Drawings of loans | 406.7 | 406.7 | 0.0 | -------------------------------------------------------------------------------- | Repayments of loans | -438.8 | -438.8 | 0.0 | -------------------------------------------------------------------------------- | Dividends paid | -17.9 | -17.9 | 0.0 | -------------------------------------------------------------------------------- | Cash flow from financing activities | -50.3 | -50.3 | 0.0 | -------------------------------------------------------------------------------- | Change in cash funds | -137.1 | -137.1 | 0.0 | -------------------------------------------------------------------------------- | Cash funds at beginning of period | 250.1 | 250.1 | 0.0 | -------------------------------------------------------------------------------- | Translation difference of cash funds | -1.9 | -1.9 | 0.0 | -------------------------------------------------------------------------------- | Cash funds at end of period | 111.0 | 111.0 | 0.0 | -------------------------------------------------------------------------------- CONSOLIDATED INCOME STATEMENT, BALANCE SHEET AND STATEMENT OF CASH FLOWS 1-3/2009 Consolidated Income Statement 1-3/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accountin | accounting | | | | g | | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net sales | 343.5 | 336.9 | 6.5 | -------------------------------------------------------------------------------- | Operating income and expenses | -345.4 | -340.6 | -4.8 | -------------------------------------------------------------------------------- | Depreciation | 4.7 | 4.7 | 0.0 | -------------------------------------------------------------------------------- | Share of the results of affiliated | -0.2 | -0.2 | 0.0 | | companies | | | | -------------------------------------------------------------------------------- | Operating profit/loss | -6.9 | -8.6 | 1.8 | -------------------------------------------------------------------------------- | Financial expenses | 20.1 | 20.1 | 0.0 | -------------------------------------------------------------------------------- | Financial income | 10.3 | 10.3 | 0.0 | -------------------------------------------------------------------------------- | Profit/loss before taxes | -16.7 | -18.4 | 1.8 | -------------------------------------------------------------------------------- | Income taxes | 3.4 | 3.9 | -0.5 | -------------------------------------------------------------------------------- | Profit/loss for the accounting period | -13.3 | -14.6 | 1.2 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Distribution of the profit/loss for the | | | | | accounting period | | | | -------------------------------------------------------------------------------- | To shareholders of | | | | -------------------------------------------------------------------------------- | the parent company | -13.9 | -15.0 | 1.1 | -------------------------------------------------------------------------------- | To minority interests | 0.5 | 0.4 | 0.1 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EPS calculated from profit/loss attributable to | | | | parent company shareholders | | | -------------------------------------------------------------------------------- | Earnings per share, diluted and | | | | -------------------------------------------------------------------------------- | undiluted, EUR | -0.81 | -0.88 | 0.07 | -------------------------------------------------------------------------------- Consolidated Statement of Comprehensive Income 1-3/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit/loss for the accounting period | -13.3 | -14.6 | 1.2 | -------------------------------------------------------------------------------- | Translation difference | 1.5 | 1.5 | 0.1 | -------------------------------------------------------------------------------- | Hedging of net investment | | | | -------------------------------------------------------------------------------- | in foreign subsidiary | -1.1 | -1.1 | 0.0 | -------------------------------------------------------------------------------- | Cash flow hedge | -0.6 | -0.6 | 0.0 | -------------------------------------------------------------------------------- | Other comprehensive income, total | -0.1 | -0.2 | 0.1 | -------------------------------------------------------------------------------- | Comprehensive income | | | | -------------------------------------------------------------------------------- | for the accounting period | -13.4 | -14.8 | 1.3 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Distribution of comprehensive income for the | | | | accounting period | | | -------------------------------------------------------------------------------- | To shareholders of the parent company | -14.0 | -15.2 | 1.2 | -------------------------------------------------------------------------------- Consolidated Balance Sheet 3/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current assets | | | | -------------------------------------------------------------------------------- | Tangible assets | 194.2 | 194.2 | 0.0 | -------------------------------------------------------------------------------- | Goodwill | 76.2 | 76.2 | 0.0 | -------------------------------------------------------------------------------- | Other intangible assets | 2.5 | 2.5 | 0.0 | -------------------------------------------------------------------------------- | Investments | 11.1 | 11.1 | 0.0 | -------------------------------------------------------------------------------- | Deferred tax asset | 16.3 | 15.4 | 0.8 | -------------------------------------------------------------------------------- | Other non-current receivables | 6.8 | 6.8 | 0.0 | -------------------------------------------------------------------------------- | Total | 307.0 | 306.2 | 0.8 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current assets | | | | -------------------------------------------------------------------------------- | Inventories | 438.5 | 423.0 | 15.6 | -------------------------------------------------------------------------------- | Trade and other receivables | 418.7 | 418.7 | 0.0 | -------------------------------------------------------------------------------- | Cash funds | 154.5 | 154.5 | 0.0 | -------------------------------------------------------------------------------- | Total | 1,011.7 | 996.2 | 15.6 | -------------------------------------------------------------------------------- | | 0.0 | | | -------------------------------------------------------------------------------- | Assets, total | 1,318.8 | 1,302.3 | 16.4 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholders' equity and liabilities | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Equity attributable to shareholders of | | | | | the parent company | | | | -------------------------------------------------------------------------------- | Share capital | 34.0 | 34.0 | 0.0 | -------------------------------------------------------------------------------- | Share premium account | 5.8 | 5.8 | 0.0 | -------------------------------------------------------------------------------- | Hedging reserve | -2.3 | -2.3 | 0.0 | -------------------------------------------------------------------------------- | Translation differences | -4.2 | -4.3 | 0.1 | -------------------------------------------------------------------------------- | Retained earnings | 261.6 | 265.4 | -3.8 | -------------------------------------------------------------------------------- | Profit/loss for the period | -13.9 | -15.0 | 1.1 | -------------------------------------------------------------------------------- | Shareholders' equity before minority | 281.0 | 283.5 | -2.5 | | interest | | | | -------------------------------------------------------------------------------- | Minority interest | 25.4 | 25.7 | -0.3 | -------------------------------------------------------------------------------- | Shareholders' equity, total | 306.4 | 309.2 | -2.9 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current liabilities | | | | -------------------------------------------------------------------------------- | Deferred tax liabilities | 18.5 | 18.5 | 0.0 | -------------------------------------------------------------------------------- | Pension liabilities | 0.2 | 0.2 | 0.0 | -------------------------------------------------------------------------------- | Provisions | 2.3 | 2.3 | 0.0 | -------------------------------------------------------------------------------- | Financial liabilities | 118.4 | 118.4 | 0.0 | -------------------------------------------------------------------------------- | Other liabilities | 1.9 | 1.9 | 0.0 | -------------------------------------------------------------------------------- | Total | 141.2 | 141.2 | 0.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current liabilities | | | | -------------------------------------------------------------------------------- | Accounts payable and other liabilities | 377.5 | 358.2 | 19.3 | -------------------------------------------------------------------------------- | Provisions | 7.0 | 7.0 | 0.0 | -------------------------------------------------------------------------------- | Financial liabilities | 486.7 | 486.7 | 0.0 | -------------------------------------------------------------------------------- | Total | 871.2 | 851.9 | 19.3 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholders' equity and | | | | -------------------------------------------------------------------------------- | liabilities, total | 1,318.8 | 1,302.3 | 16.4 | -------------------------------------------------------------------------------- Consolidated Statement of Cash Flows 1-3/2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Profit/loss before taxes | -16.7 | -18.4 | 1.8 | -------------------------------------------------------------------------------- | Depreciation | 4.7 | 4.7 | 0.0 | -------------------------------------------------------------------------------- | Other adjustments | 8.3 | 8.2 | 0.1 | -------------------------------------------------------------------------------- | Cash flow before change in working | -3.6 | -5.5 | 1.8 | | capital | | | | -------------------------------------------------------------------------------- | Change in working capital | -66.3 | -64.4 | -1.9 | -------------------------------------------------------------------------------- | Financial items | -9.3 | -9.3 | 0.0 | -------------------------------------------------------------------------------- | Direct taxes paid | -6.2 | -6.2 | 0.0 | -------------------------------------------------------------------------------- | Cash flow from operating activities | -85.4 | -85.4 | 0.0 | -------------------------------------------------------------------------------- | Cash flow provided by investing | 0.2 | 0.2 | 0.0 | | activities | | | | -------------------------------------------------------------------------------- | Cash flow used in investing activities | -11.3 | -11.3 | 0.0 | -------------------------------------------------------------------------------- | Change in non-current receivables | -0.4 | -0.4 | 0.0 | -------------------------------------------------------------------------------- | Drawings of loans | 89.3 | 89.3 | 0.0 | -------------------------------------------------------------------------------- | Repayments of loans | -71.8 | -71.8 | 0.0 | -------------------------------------------------------------------------------- | Dividends paid | -13.9 | -13.9 | 0.0 | -------------------------------------------------------------------------------- | Cash flow from financing activities | 3.1 | 3.1 | 0.0 | -------------------------------------------------------------------------------- | Change in cash funds | -93.5 | -93.5 | 0.0 | -------------------------------------------------------------------------------- | Cash funds at beginning of period | 250.1 | 250.1 | 0.0 | -------------------------------------------------------------------------------- | Translation difference of cash funds | -2.2 | -2.2 | 0.0 | -------------------------------------------------------------------------------- | Cash funds at end of period | 154.5 | 154.5 | 0.0 | -------------------------------------------------------------------------------- CONSOLIDATED OPENING BALANCE SHEET, 1.1.2009 -------------------------------------------------------------------------------- | | New | Old | | -------------------------------------------------------------------------------- | | accounting | accounting | | -------------------------------------------------------------------------------- | EUR mill. | principle | principle | Change | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current assets | | | | -------------------------------------------------------------------------------- | Tangible assets | 187.0 | 187.0 | 0.0 | -------------------------------------------------------------------------------- | Goodwill | 74.9 | 74.9 | 0.0 | -------------------------------------------------------------------------------- | Other intangible assets | 2.5 | 2.5 | 0.0 | -------------------------------------------------------------------------------- | Investments | 10.7 | 10.7 | 0.0 | -------------------------------------------------------------------------------- | Deferred tax asset | 8.6 | 7.2 | 1.4 | -------------------------------------------------------------------------------- | Other non-current receivables | 6.3 | 6.3 | 0.0 | -------------------------------------------------------------------------------- | Total | 290.1 | 288.7 | 1.4 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current assets | | | | -------------------------------------------------------------------------------- | Inventories | 418.8 | 398.2 | 20.6 | -------------------------------------------------------------------------------- | Trade and other receivables | 476.3 | 476.3 | 0.0 | -------------------------------------------------------------------------------- | Cash funds | 250.1 | 250.1 | 0.0 | -------------------------------------------------------------------------------- | Total | 1,145.2 | 1,124.7 | 20.6 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Assets, total | 1,435.3 | 1,413.3 | 21.9 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholders' equity and liabilities | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Equity attributable to shareholders of | | | | | the parent company | | | | -------------------------------------------------------------------------------- | Share capital | 34.0 | 34.0 | 0.0 | -------------------------------------------------------------------------------- | Share premium account | 5.8 | 5.8 | 0.0 | -------------------------------------------------------------------------------- | Hedging reserve | -1.7 | -1.7 | 0.0 | -------------------------------------------------------------------------------- | Translation differences | -4.7 | -4.7 | 0.0 | -------------------------------------------------------------------------------- | Retained earnings and profit for the | 276.9 | 280.7 | -3.8 | | period | | | | -------------------------------------------------------------------------------- | Shareholders' equity before minority | 310.3 | 314.0 | -3.8 | | interest | | | | -------------------------------------------------------------------------------- | Minority interest | 27.3 | 27.8 | -0.4 | -------------------------------------------------------------------------------- | Shareholders' equity, total | 337.6 | 341.8 | -4.2 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Non-current liabilities | | | | -------------------------------------------------------------------------------- | Deferred tax liabilities | 18.7 | 18.7 | 0.0 | -------------------------------------------------------------------------------- | Pension liabilities | 0.2 | 0.2 | 0.0 | -------------------------------------------------------------------------------- | Provisions | 2.2 | 2.2 | 0.0 | -------------------------------------------------------------------------------- | Financial liabilities | 118.8 | 118.8 | 0.0 | -------------------------------------------------------------------------------- | Other liabilities | 1.3 | 1.3 | 0.0 | -------------------------------------------------------------------------------- | Total | 141.2 | 141.2 | 0.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Current liabilities | | | | -------------------------------------------------------------------------------- | Accounts payable and other liabilities | 481.7 | 455.6 | 26.1 | -------------------------------------------------------------------------------- | Provisions | 7.1 | 7.1 | 0.0 | -------------------------------------------------------------------------------- | Financial liabilities | 467.7 | 467.7 | 0.0 | -------------------------------------------------------------------------------- | Total | 956.4 | 930.4 | 26.1 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Shareholders' equity and | | | | -------------------------------------------------------------------------------- | liabilities, total | 1,435.3 | 1,413.3 | 21.9 | -------------------------------------------------------------------------------- CONSOLIDATED STATEMENT OF CHANGES IN EQUITY A = Share capital B = Share premium account C = Translation difference D = Hedging reserve E = Retained earnings F = Minority interest G = Shareholders' equity total -------------------------------------------------------------------------------- | EUR mill. | A | B | C | D | E | F | G | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Reported | | | | | | | | | shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 1.1.2009 | 34.0 | 5.8 | -4.7 | -1.7 | 280.7 | 27.8 | 341.8 | -------------------------------------------------------------------------------- | IFRIC 15 | 0.0 | 0.0 | 0.0 | 0.0 | -3.8 | -0.4 | -4.2 | | changes | | | | | | | | -------------------------------------------------------------------------------- | Changed | | | | | | | | | shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 1.1.2009 | 34.0 | 5.8 | -4.7 | -1.7 | 276.9 | 27.3 | 337.6 | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Profit/loss for | | | | | | | | | the | | | | | | | | -------------------------------------------------------------------------------- | accounting | 0.0 | 0.0 | 0.0 | 0.0 | -26.2 | 2.4 | -23.8 | | period | | | | | | | | -------------------------------------------------------------------------------- | Translation | 0.0 | 0.0 | 3.4 | 0.0 | 0.0 | 0.0 | 3.4 | | difference | | | | | | | | -------------------------------------------------------------------------------- | Hedging of net | | | | | | | | | investment | | | | | | | | -------------------------------------------------------------------------------- | in foreign | 0.0 | 0.0 | -0.4 | 0.0 | 0.0 | 0.0 | -0.4 | | subsidiary | | | | | | | | -------------------------------------------------------------------------------- | Cash flow hedge | 0.0 | 0.0 | 0.0 | -0.2 | 0.0 | 0.0 | -0.2 | -------------------------------------------------------------------------------- | Comprehensive | 0.0 | 0.0 | 3.0 | -0.2 | -26.2 | 2.4 | -21.0 | | income, total | | | | | | | | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Dividend | 0.0 | 0.0 | 0.0 | 0.0 | -15.3 | -2.0 | -17.3 | | distribution | | | | | | | | -------------------------------------------------------------------------------- | Change in | | | | | | | | -------------------------------------------------------------------------------- | minority | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -4.5 | -4.5 | | interest | | | | | | | | -------------------------------------------------------------------------------- | Transactions | | | | | | | | | with | | | | | | | | -------------------------------------------------------------------------------- | owners, total | 0.0 | 0.0 | 0.0 | 0.0 | -15.3 | -6.5 | -21.8 | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 31.12.2009 | 34.0 | 5.8 | -1.7 | -2.0 | 235.4 | 23.2 | 294.8 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR mill. | A | B | C | D | E | F | G | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Reported | | | | | | | | | shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 1.1.2009 | 34.0 | 5.8 | -4.7 | -1.7 | 280.7 | 27.8 | 341.8 | -------------------------------------------------------------------------------- | IFRIC 15 | 0.0 | 0.0 | 0.0 | 0.0 | -3.8 | -0.4 | -4.2 | | changes | | | | | | | | -------------------------------------------------------------------------------- | Changed | | | | | | | | | shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 1.1.2009 | 34.0 | 5.8 | -4.7 | -1.7 | 276.9 | 27.3 | 337.6 | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Profit/loss for | | | | | | | | | the | | | | | | | | -------------------------------------------------------------------------------- | accounting | 0.0 | 0.0 | 0.0 | 0.0 | -25.5 | 1.0 | -24.5 | | period | | | | | | | | -------------------------------------------------------------------------------- | Translation | 0.0 | 0.0 | 2.1 | 0.0 | 0.0 | 0.0 | 2.1 | | difference | | | | | | | | -------------------------------------------------------------------------------- | Hedging of net | | | | | | | | | investment | | | | | | | | -------------------------------------------------------------------------------- | in foreign | 0.0 | 0.0 | -0.4 | 0.0 | 0.0 | 0.0 | -0.4 | | subsidiary | | | | | | | | -------------------------------------------------------------------------------- | Cash flow hedge | 0.0 | 0.0 | 0.0 | -0.5 | 0.0 | 0.0 | -0.5 | -------------------------------------------------------------------------------- | Comprehensive | 0.0 | 0.0 | 1.7 | -0.5 | -25.5 | 1.0 | -23.3 | | income, total | | | | | | | | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Dividend | 0.0 | 0.0 | 0.0 | 0.0 | -15.3 | -2.0 | -17.3 | | distribution | | | | | | | | -------------------------------------------------------------------------------- | Change in | | | | | | | | -------------------------------------------------------------------------------- | minority | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -3.6 | -3.6 | | interest | | | | | | | | -------------------------------------------------------------------------------- | Transactions | | | | | | | | | with | | | | | | | | -------------------------------------------------------------------------------- | owners, total | 0.0 | 0.0 | 0.0 | 0.0 | -15.3 | -5.6 | -20.9 | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 30.9.2009 | 34.0 | 5.8 | -3.0 | -2.2 | 236.1 | 22.7 | 293.4 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR mill. | A | B | C | D | E | F | G | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Reported | | | | | | | | | shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 1.1.2009 | 34.0 | 5.8 | -4.7 | -1.7 | 280.7 | 27.8 | 341.8 | -------------------------------------------------------------------------------- | IFRIC 15 | 0.0 | 0.0 | 0.0 | 0.0 | -3.8 | -0.4 | -4.2 | | changes | | | | | | | | -------------------------------------------------------------------------------- | Changed | | | | | | | | | shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 1.1.2009 | 34.0 | 5.8 | -4.7 | -1.7 | 276.9 | 27.3 | 337.6 | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Profit/loss for | | | | | | | | | the | | | | | | | | -------------------------------------------------------------------------------- | accounting | 0.0 | 0.0 | 0.0 | 0.0 | -1.5 | 1.2 | -0.3 | | period | | | | | | | | -------------------------------------------------------------------------------- | Translation | 0.0 | 0.0 | 0.5 | 0.0 | 0.0 | 0.0 | 0.5 | | difference | | | | | | | | -------------------------------------------------------------------------------- | Hedging of net | | | | | | | | | investment | | | | | | | | -------------------------------------------------------------------------------- | in foreign | 0.0 | 0.0 | -0.5 | 0.0 | 0.0 | 0.0 | -0.5 | | subsidiary | | | | | | | | -------------------------------------------------------------------------------- | Cash flow hedge | 0.0 | 0.0 | 0.0 | -0.4 | 0.0 | 0.0 | -0.4 | -------------------------------------------------------------------------------- | Comprehensive | 0.0 | 0.0 | 0.0 | -0.4 | -1.5 | 1.2 | -0.8 | | income, total | | | | | | | | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Dividend | 0.0 | 0.0 | 0.0 | 0.0 | -15.3 | -2.0 | -17.3 | | distribution | | | | | | | | -------------------------------------------------------------------------------- | Change in | | | | | | | | -------------------------------------------------------------------------------- | minority | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -3.6 | -3.6 | | interest | | | | | | | | -------------------------------------------------------------------------------- | Transactions | | | | | | | | | with | | | | | | | | -------------------------------------------------------------------------------- | owners, total | 0.0 | 0.0 | 0.0 | 0.0 | -15.3 | -5.5 | -20.9 | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 30.6.2009 | 34.0 | 5.8 | -4.8 | -2.2 | 260.1 | 23.0 | 315.9 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR mill. | A | B | C | D | E | F | G | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Reported | | | | | | | | | shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 1.1.2009 | 34.0 | 5.8 | -4.7 | -1.7 | 280.7 | 27.8 | 341.8 | -------------------------------------------------------------------------------- | IFRIC 15 | 0.0 | 0.0 | 0.0 | 0.0 | -3.8 | -0.4 | -4.2 | | changes | | | | | | | | -------------------------------------------------------------------------------- | Changed | | | | | | | | | shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 1.1.2009 | 34.0 | 5.8 | -4.7 | -1.7 | 276.9 | 27.3 | 337.6 | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Profit/loss for | | | | | | | | | the | | | | | | | | -------------------------------------------------------------------------------- | accounting | 0.0 | 0.0 | 0.0 | 0.0 | -13.9 | 0.5 | -13.3 | | period | | | | | | | | -------------------------------------------------------------------------------- | Translation | 0.0 | 0.0 | 1.5 | 0.0 | 0.0 | 0.0 | 1.5 | | difference | | | | | | | | -------------------------------------------------------------------------------- | Hedging of net | | | | | | | | | investment | | | | | | | | -------------------------------------------------------------------------------- | in foreign | 0.0 | 0.0 | -1.1 | 0.0 | 0.0 | 0.0 | -1.1 | | subsidiary | | | | | | | | -------------------------------------------------------------------------------- | Cash flow hedge | 0.0 | 0.0 | 0.0 | -0.6 | 0.0 | 0.0 | -0.6 | -------------------------------------------------------------------------------- | Comprehensive | 0.0 | 0.0 | 0.5 | -0.6 | -13.9 | 0.5 | -13.4 | | income, total | | | | | | | | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Dividend | 0.0 | 0.0 | 0.0 | 0.0 | -15.3 | -1.9 | -17.2 | | distribution | | | | | | | | -------------------------------------------------------------------------------- | Change in | | | | | | | | -------------------------------------------------------------------------------- | minority | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -0.6 | -0.6 | | interest | | | | | | | | -------------------------------------------------------------------------------- | Transactions | | | | | | | | | with | | | | | | | | -------------------------------------------------------------------------------- | owners, total | 0.0 | 0.0 | 0.0 | 0.0 | -15.3 | -2.5 | -17.8 | -------------------------------------------------------------------------------- | | | | | | | | | -------------------------------------------------------------------------------- | Shareholders' | | | | | | | | | equity | | | | | | | | -------------------------------------------------------------------------------- | 31.3.2009 | 34.0 | 5.8 | -4.2 | -2.3 | 247.7 | 25.4 | 306.4 | -------------------------------------------------------------------------------- CONSOLIDATED INCOME STATEMENT, QUARTERLY -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | | 10-12/ | 7-9/ | 4-6/ | 1-3/ | -------------------------------------------------------------------------------- | EUR mill. | 2009 | 2009 | 2009 | 2009 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Net sales | 525.1 | 568.6 | 528.3 | 343.5 | -------------------------------------------------------------------------------- | Operating income and expenses | -505.9 | -567.0 | -491.3 | -345.4 | -------------------------------------------------------------------------------- | Depreciation | 7.6 | 12.5 | 9.5 | 4.7 | -------------------------------------------------------------------------------- | Share of the results of affiliated | 0.4 | 1.1 | 0.3 | -0.2 | | companies | | | | | -------------------------------------------------------------------------------- | Operating profit/loss | 12.0 | -9.8 | 27.8 | -6.9 | -------------------------------------------------------------------------------- | Financial expenses | 13.1 | 10.5 | 10.4 | 20.1 | -------------------------------------------------------------------------------- | Financial income | 5.2 | 4.1 | 1.2 | 10.3 | -------------------------------------------------------------------------------- | Profit/loss before taxes | 4.0 | -16.1 | 18.6 | -16.7 | -------------------------------------------------------------------------------- | Income taxes | -3.3 | -8.1 | -5.6 | 3.4 | -------------------------------------------------------------------------------- | Profit/loss for the accounting | 0.7 | -24.2 | 13.0 | -13.3 | | period | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Distribution of the profit/loss for | | | | | | the accounting period | | | | | -------------------------------------------------------------------------------- | To shareholders of | | | | | -------------------------------------------------------------------------------- | the parent company | -0.7 | -24.0 | 12.3 | -13.9 | -------------------------------------------------------------------------------- | To minority interests | 1.4 | -0.3 | 0.7 | 0.5 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | EPS calculated from profit/loss attributable | | | | | to parent company shareholders | | | | -------------------------------------------------------------------------------- | Earnings per share, diluted and | | | | | -------------------------------------------------------------------------------- | undiluted, EUR | -0.04 | -1.41 | 0.72 | -0.81 | -------------------------------------------------------------------------------- CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME, QUARTERLY -------------------------------------------------------------------------------- | | 10-12/ | 7-9/ | 4-6/ | 1-3/ | -------------------------------------------------------------------------------- | EUR mill. | 2009 | 2009 | 2009 | 2009 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Profit/loss for the accounting | 0.7 | -24.2 | 13.0 | -13.3 | | period | | | | | -------------------------------------------------------------------------------- | Translation difference | 1.3 | 1.6 | -1.1 | 1.5 | -------------------------------------------------------------------------------- | Hedging of net investment | | | | | -------------------------------------------------------------------------------- | in foreign subsidiary | 0.0 | 0.1 | 0.5 | -1.1 | -------------------------------------------------------------------------------- | Cash flow hedge | 0.3 | -0.1 | 0.2 | -0.6 | -------------------------------------------------------------------------------- | Other comprehensive income, total | 1.6 | 1.7 | -0.4 | -0.1 | -------------------------------------------------------------------------------- | Comprehensive income | 2.3 | -22.5 | 12.6 | | -------------------------------------------------------------------------------- | for the accounting period | 2.3 | -22.5 | 12.6 | -13.4 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Distribution of comprehensive income for the | | | | | accounting period | | | | -------------------------------------------------------------------------------- | To shareholders of the parent | 0.9 | -22.2 | 12.0 | -14.0 | | company | | | | | -------------------------------------------------------------------------------- SEGMENT INFORMATION In addition to the effects caused by the IFRIC 15 interpretation, the segment reporting figures for 2009 also include the following changes. Forssan Betoni Oy, formerly a company belonging to Lemminkäinen's Infrastructure Construction business sector, was transferred to the Building Products business sector at the beginning of 2010. The sector-specific comparative figures for 2009 presented in this bulletin have been prepared in accordance with the new organisation. From the beginning of 2010, financial items are not reported segment-specifically in internal segment reporting to management. For this reason, also the sector-specific comparative figures for 2009 are presented only as far as the operating profit line. BLDCO = Building Construction INFRA = Infrastructure Construction TECBS = Technical Building Services BLDPR = Building Products OTHER = Other operations ELIM = Group eliminations SEGM = Segments total RECON = Reconciling items TOTAL = Group total, IRFS -------------------------------------------------------------------------------- | EUR | | | | | | | | | | | mill. | | | | | | | | | | -------------------------------------------------------------------------------- | 1-12/2 | BLDCO | INFRA | TECBS | BLDP | OTHER | ELIM | SEGM | RECO | TOTAL | | 009 | | | | R | | | | N | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net | 868.7 | 768.0 | 233.8 | 154. | 10.3 | -52. | 1,982 | -17. | 1,965 | | sales | | | | 2 | | 5 | .6 | 1 | .5 | -------------------------------------------------------------------------------- | Deprec | | | | | | | | | | | i- | | | | | | | | | | -------------------------------------------------------------------------------- | ation | 2.6 | 30.5 | 0.8 | 3.5 | 0.8 | | 38.1 | -3.9 | 34.3 | -------------------------------------------------------------------------------- | Operat | | | | | | | | | | | ing | | | | | | | | | | -------------------------------------------------------------------------------- | profit | 36.4 | 22.0 | 12.2 | 10.4 | -61.7 | | 19.4 | 3.8 | 23.2 | | /loss | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR | | | | | | | | | | | mill. | | | | | | | | | | -------------------------------------------------------------------------------- | 1-9/20 | BLDCO | INFRA | TECBS | BLDP | OTHER | ELIM | SEGM | RECO | TOTAL | | 09 | | | | R | | | | N | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net | 602.4 | 594.4 | 168.6 | 115. | 8.3 | -33. | 1,455 | -15. | 1,440 | | sales | | | | 3 | | 3 | .6 | 2 | .4 | -------------------------------------------------------------------------------- | Deprec | | | | | | | | | | | i- | | | | | | | | | | -------------------------------------------------------------------------------- | ation | 2.1 | 23.1 | 0.6 | 2.6 | 0.6 | | 29.0 | -2.3 | 26.7 | -------------------------------------------------------------------------------- | Operat | | | | | | | | | | | ing | | | | | | | | | | -------------------------------------------------------------------------------- | profit | 21.7 | 27.8 | 9.0 | 8.6 | -58.3 | | 8.9 | 2.3 | 11.2 | | /loss | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR | | | | | | | | | | | mill. | | | | | | | | | | -------------------------------------------------------------------------------- | 1-6/200 | BLDCO | INFRA | TECBS | BLDP | OTHE | ELIM | SEGM | RECON | TOTA | | 9 | | | | R | R | | | | L | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net | 422.3 | 290.1 | 115.9 | 66.6 | 5.4 | -24.5 | 875. | -4.0 | 871. | | sales | | | | | | | 7 | | 8 | -------------------------------------------------------------------------------- | Depreci | | | | | | | | | | | - | | | | | | | | | | -------------------------------------------------------------------------------- | ation | 1.4 | 11.8 | 0.4 | 1.7 | 0.4 | | 15.7 | -1.5 | 14.2 | -------------------------------------------------------------------------------- | Operati | | | | | | | | | | | ng | | | | | | | | | | -------------------------------------------------------------------------------- | profit/ | 20.5 | -5.5 | 5.1 | 2.5 | -2.3 | | 20.4 | 0.6 | 21.0 | | loss | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EUR | | | | | | | | | | | mill. | | | | | | | | | | -------------------------------------------------------------------------------- | 1-3/200 | BLDCO | INFRA | TECBS | BLDP | OTHE | ELIM | SEGM | RECON | TOTA | | 9 | | | | R | R | | | | L | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Net | 205.3 | 68.0 | 55.3 | 22.6 | 2.5 | -9.6 | 344. | -0.6 | 343. | | sales | | | | | | | 1 | | 5 | -------------------------------------------------------------------------------- | Depreci | | | | | | | | | | | - | | | | | | | | | | -------------------------------------------------------------------------------- | ation | 0.7 | 3.4 | 0.2 | 0.9 | 0.2 | | 5.4 | -0.7 | 4.7 | -------------------------------------------------------------------------------- | Operati | | | | | | | | | | | ng | | | | | | | | | | -------------------------------------------------------------------------------- | profit/ | 11.4 | -18.2 | 2.5 | -2.1 | -0.2 | | -6.5 | -0.4 | -6.9 | | loss | | | | | | | | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | NET SALES, QUARTERLY | 10-12/ | 7-9/ | 4-6/ | 1-3/ | -------------------------------------------------------------------------------- | EUR mill. | 2009 | 2009 | 2009 | 2009 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Building Construction | 266.3 | 180.1 | 217.0 | 205.3 | -------------------------------------------------------------------------------- | Infrastructure | 173.6 | 304.3 | 222.1 | 68.0 | | Construction | | | | | -------------------------------------------------------------------------------- | Technical Building | 65.2 | 52.6 | 60.6 | 55.3 | | Services | | | | | -------------------------------------------------------------------------------- | Building Products | 38.9 | 48.8 | 44.0 | 22.6 | -------------------------------------------------------------------------------- | Other operations | 2.1 | 2.9 | 2.9 | 2.5 | -------------------------------------------------------------------------------- | Group eliminations | -19.2 | -8.8 | -14.9 | -9.6 | -------------------------------------------------------------------------------- | Segments total | 526.9 | 579.9 | 531.7 | 344.1 | -------------------------------------------------------------------------------- | Reconciling items | -1.8 | -11.3 | -3.4 | -0.6 | -------------------------------------------------------------------------------- | Group total, IFRS | 525.1 | 568.6 | 528.3 | 343.5 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | OPERATING PROFIT, | 10-12/ | 7-9/ | 4-6/ | 1-3/ | | QUARTERLY | | | | | -------------------------------------------------------------------------------- | EUR mill. | 2009 | 2009 | 2009 | 2009 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Building Construction | 14.7 | 1.2 | 9.1 | 11.4 | -------------------------------------------------------------------------------- | Infrastructure | -5.8 | 33.3 | 12.8 | -18.2 | | Construction | | | | | -------------------------------------------------------------------------------- | Technical Building | 3.2 | 3.8 | 2.6 | 2.5 | | Services | | | | | -------------------------------------------------------------------------------- | Building Products | 1.8 | 6.1 | 4.6 | -2.1 | -------------------------------------------------------------------------------- | Other operations | -3.4 | -56.0 | -2.1 | -0.2 | -------------------------------------------------------------------------------- | Segments total | 10.5 | -11.5 | 26.9 | -6.5 | -------------------------------------------------------------------------------- | Reconciling items | 1.5 | 1.8 | 0.9 | -0.4 | -------------------------------------------------------------------------------- | Group total, IFRS | 12.0 | -9.8 | 27.8 | -6.9 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | OPERATING MARGIN % | 1-12/ | 1-9/ | 1-6/ | 1-3/ | -------------------------------------------------------------------------------- | | 2009 | 2009 | 2009 | 2009 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Building Construction | 4.2 | 3.6 | 4.9 | 5.6 | -------------------------------------------------------------------------------- | Infrastructure | 2.9 | 4.7 | -1.9 | -26.8 | | Construction | | | | | -------------------------------------------------------------------------------- | Technical Building | 5.2 | 5.3 | 4.4 | 4.6 | | Services | | | | | -------------------------------------------------------------------------------- | Building Products | 6.8 | 7.5 | 3.8 | -9.2 | -------------------------------------------------------------------------------- | Other operations | over 100 | over 100 | -42.8 | -7.1 | -------------------------------------------------------------------------------- | Segments total | 1.0 | 0.6 | 2.3 | -1.9 | -------------------------------------------------------------------------------- | Reconciling items | -22.1 | -15.1 | -14.0 | 62.1 | -------------------------------------------------------------------------------- | Group total, IFRS | 1.2 | 0.8 | 2.4 | -2.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | OPERATING MARGIN %, | 10-12/ | 7-9/ | 4-6/ | 1-3/ | | QUARTERLY | | | | | -------------------------------------------------------------------------------- | | 2009 | 2009 | 2009 | 2009 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Building Construction | 5.5 | 0.7 | 4.2 | 5.6 | -------------------------------------------------------------------------------- | Infrastructure | -3.4 | 10.9 | 5.7 | -26.8 | | Construction | | | | | -------------------------------------------------------------------------------- | Technical Building | 5.0 | 7.3 | 4.3 | 4.6 | | Services | | | | | -------------------------------------------------------------------------------- | Building Products | 4.6 | 12.5 | 10.4 | -9.2 | -------------------------------------------------------------------------------- | Other operations | over 100 | over 100 | -73.8 | -7.1 | -------------------------------------------------------------------------------- | Segments total | 2.0 | -2.0 | 5.1 | -1.9 | -------------------------------------------------------------------------------- | Reconciling items | -81.0 | -15.5 | -26.9 | 62.1 | -------------------------------------------------------------------------------- | Group total, IFRS | 2.3 | -1.7 | 5.3 | -2.0 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | ASSETS | | | | | -------------------------------------------------------------------------------- | EUR mill. | 12/2009 | 9/2009 | 6/2009 | 3/2009 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Building Construction | 357.9 | 420.6 | 387.3 | 398.3 | -------------------------------------------------------------------------------- | Infrastructure | 253.9 | 357.5 | 355.4 | 265.3 | | Construction | | | | | -------------------------------------------------------------------------------- | Technical Building | 30.5 | 30.1 | 30.1 | 29.2 | | Services | | | | | -------------------------------------------------------------------------------- | Building Products | 55.3 | 61.5 | 62.5 | 53.3 | -------------------------------------------------------------------------------- | Other operations | 43.6 | 45.4 | 43.2 | 42.0 | -------------------------------------------------------------------------------- | Segments total | 741.1 | 915.2 | 878.5 | 788.1 | -------------------------------------------------------------------------------- | Assets unallocated to segments | | | | -------------------------------------------------------------------------------- | and Group | 313.3 | 416.3 | 485.9 | 530.7 | | eliminations, total | | | | | -------------------------------------------------------------------------------- | Group total, IFRS | 1,054.4 | 1,331.5 | 1,364.4 | 1,318.8 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | ORDER BOOK | | | | | -------------------------------------------------------------------------------- | EUR mill. | 12/2009 | 9/2009 | 6/2009 | 3/2009 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Building Construction | 520,8 | 516,9 | 565,9 | 540,8 | -------------------------------------------------------------------------------- | Infrastructure | 319,2 | 382,1 | 490,0 | 474,8 | | Construction | | | | | -------------------------------------------------------------------------------- | Technical Building | 106,8 | 90,3 | 84,0 | 85,8 | | Services | | | | | -------------------------------------------------------------------------------- | Building Products | 36,8 | 40,9 | 48,9 | 40,3 | -------------------------------------------------------------------------------- | Group total | 978,0 | 1 035,4 | 1 183,5 | 1 147,4 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | PERSONNEL, AVERAGE | | | | | -------------------------------------------------------------------------------- | | 12/2009 | 9/2009 | 6/2009 | 3/2009 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Building Construction | 2,356 | 2,414 | 2,480 | 2,526 | -------------------------------------------------------------------------------- | Infrastructure | 3,395 | 3,453 | 3,204 | 2,815 | | Construction | | | | | -------------------------------------------------------------------------------- | Technical Building | 1,941 | 1,958 | 1,955 | 1,940 | | Services | | | | | -------------------------------------------------------------------------------- | Building Products | 820 | 822 | 791 | 707 | -------------------------------------------------------------------------------- | Parent company | 114 | 114 | 113 | 110 | -------------------------------------------------------------------------------- | Group total | 8,626 | 8,761 | 8,543 | 8,098 | -------------------------------------------------------------------------------- ECONOMIC TRENDS AND FINANCIAL INDICATORS -------------------------------------------------------------------------------- | | 12/2009 | 9/2009 | 6/2009 | 3/2009 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Return on equity, % | -7,5 | -7,8 | -0,1 | -4,1 | -------------------------------------------------------------------------------- | Return on investment, % | 5,4 | 3,1 | 3,6 | 0,4 | -------------------------------------------------------------------------------- | Operating profit, % of net sales | 1,2 | 0,8 | 2,4 | -2,0 | -------------------------------------------------------------------------------- | Equity ratio, % | 31,0 | 24,4 | 26,0 | 25,5 | -------------------------------------------------------------------------------- | Gearing, % | 110,2 | 132,1 | 140,9 | 147,1 | -------------------------------------------------------------------------------- | Interest-bearing net debt, EUR | 324,7 | 387,5 | 445,2 | 450,6 | | million | | | | | -------------------------------------------------------------------------------- | Gross investments, EUR million | 41,5 | 32,4 | 19,4 | 10,3 | | (incl. leasing purchases) | | | | | -------------------------------------------------------------------------------- | Order book, EUR mill. | 978,0 | 1 035,4 | 1 183,5 | 1 | | | | | | 147,4 | -------------------------------------------------------------------------------- | - of which foreign orders, EUR | 213,5 | 291,4 | 362,0 | 350,0 | | mill. | | | | | -------------------------------------------------------------------------------- | Average number of employees | 8 626 | 8 761 | 8 543 | 8 098 | -------------------------------------------------------------------------------- | Employees at end of period | 7 759 | 9 010 | 9 589 | 7 998 | -------------------------------------------------------------------------------- | Net sales, EUR mill. | 1 965,5 | 1 440,4 | 871,8 | 343,5 | -------------------------------------------------------------------------------- | - of which operations abroad, EUR | 527,6 | 392,5 | 218,1 | 71,7 | | mill. | | | | | -------------------------------------------------------------------------------- | % of net sales | 26,8 | 27,2 | 25,0 | 20,9 | -------------------------------------------------------------------------------- SHARE-SPECIFIC INDICATORS -------------------------------------------------------------------------------- | | 12/2009 | 9/2009 | 6/2009 | 3/2009 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Earnings per share, EUR | -1.54 | -1.50 | -0.09 | -0.81 | -------------------------------------------------------------------------------- | Equity per share, EUR | 15.95 | 15.90 | 17.21 | 16.51 | -------------------------------------------------------------------------------- | Dividend per share, EUR | 0.00 (1 | 0.00 | 0.00 | 0.00 | -------------------------------------------------------------------------------- | Dividend to earnings ratio, % | 0.0 | 0.0 | 0.0 | 0.0 | -------------------------------------------------------------------------------- | Market capitalisation, EUR | 411.9 | 451.1 | 323.7 | 268.9 | | mill. | | | | | -------------------------------------------------------------------------------- | Share price at end of period, | 24.20 | 26.50 | 19.02 | 15.80 | | EUR | | | | | -------------------------------------------------------------------------------- | Trading volume during period, | 1,918 | 1,238 | 884 | 433 | | 1000 shares | | | | | -------------------------------------------------------------------------------- | Number of issued shares, 1000 | 17,021 | 17,021 | 17,021 | 17,021 | | shares | | | | | -------------------------------------------------------------------------------- 1) Board of Directors' proposal to the AGM LEMMINKÄINEN CORPORATION Corporate Communications ADDITIONAL INFORMATION: CFO Robert Öhman Lemminkäinen Corporation Tel. +358 2071 53515 DISTRIBUTION NASDAQ OMX Helsinki Ltd Key media www.lemminkainen.com Lemminkäinen Group operates in all areas of the construction sector. The Group's business sectors are Building Construction, Infrastructure Construction, Technical Building Services, and Building Products. Net sales in 2009 were approx. EUR 2.0 billion, of which international operations accounted for about one fifth. The Group employs about 8,600 people. Lemminkäinen Corporation's share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.com