Search

Group's key performance indicators
2012 2013 2014 2015 2016
Income statement
Net sales € million 9,686 9,315 9,071 8,679 10,180
Change in net sales % 2.4 -3.8 -2.6 -4.3 17.3
Comparable operating profit € million 230.0 238.8 232.6 244.5 272.9
Comparable operating profit as percentage of net sales % 2.4 2.6 2.6 2.8 2.7
Profit for the year (incl. non-controlling interests) € million 136 185 108 117 114
Profit for the year as percentage of net sales % 1.4 2.0 1.2 1.4 1.1
Profitability
Return on equity % 6.0 8.0 4.7 5.2 5.2
Comparable return on equity % 6.9 7.7 7.6 8.2 9.8
Return on capital employed % 8.3 10.2 6.4 9.3 6.4
Comparable return on capital employed % 9.0 9.8 9.9 11.7 11.9
Funding and financial position
Interest-bearing net liabilities € million 135.3 -126.4 -99.2 -448.1 123.3
Gearing % 6.0 -5.4 -4.4 -20.0 5.8
Equity ratio % 52.5 54.5 54.5 54.7 48.6
Interest-bearing net debt/EBITDA 0.4 -0.3 -0.3 -1.4 0.4
Other performance indicators
Capital expenditure € million 378 171 194 219 743
Capital expenditure as percentage of net sales % 3.9 1.8 2.1 2.5 7.3
Cash flow from operating activities € million 382 414 304 276 170
Cash flow from investing activities € million -391 -152 -182 217 -501
Personnel, average for the period 19,747 19,489 19,976 18,955 22,476
Personnel, as at 31 Dec. 24,080 23,863 23,794 21,935 27,656
2012 2013 2014 2015 2016
Share performance indicators
Earnings/share, diluted 1.26 1.75 0.97 1.03 0.99
Earnings/share, basic 1.27 1.75 0.97 1.03 0.99
Comparable earnings/share, basic 1.47 1.68 1.65 1.70 2.01
Equity/share 22.48 22.96 22.05 21.82 20.44
Dividend/share 1.20 1.40 1.50 2.50 2.00*
Payout ratio % 94.5 79.9 154.7 243.8 201.3*
Comparable payout ratio % 81.8 83.3 91.1 146.7 99.5*
Cash flow from operating activities/share, adjusted 3.88 4.17 3.07 2.79 1.71
Price/earnings ratio (P/E), A share, adjusted 19.30 15.35 29.49 30.35 44.14
Price/earnings ratio (P/E), B share, adjusted 19.60 15.35 31.16 31.57 47.80
Effective dividend yield, A share % 4.9 5.2 5.3 8.0 4.6*
Effective dividend yield, B share % 4.8 5.2 5.0 7.7 4.2*
Share price as at 31 Dec.
A share 24.39 26.80 28.56 31.12 43.85
B share 24.77 26.80 30.18 32.37 47.48
Average share price
A share 23.71 24.85 29.06 31.85 37.30
B share 22.75 24.11 29.82 33.52 39.03
Market capitalisation as at 31 Dec., A share € million 774 851 906 988 1,392
Market capitalisation as at 31 Dec., B share € million 1,644 1,810 2,031 2,182 3,207
Turnover
A share Million pcs 2 1 2 2 2
B share Million pcs 68 51 47 59 52
Relative turnover rate
A share % 7.6 3.6 6.3 7.5 5.4
B share % 102.0 77.0 69.5 87.0 74.3
Diluted average number of shares Thousand pcs 98,472 99,136 99,161 99,114 99,249
Yield of A share for the last five financial years % -4.5 8.5 8.3 2.3 9.1
Yield of B share
For the last five financial years % -3.7 13.7 10.1 3 18.6
For the last ten financial years % 14.6 13.4 10.2 7.7 6.6
* Proposal to the General Meeting
Net sales by segment
€ million 1–12/2016 1–12/2015 Change, %
Grocery trade, Finland 5,131 4,566 12.4
Grocery trade, other countries* 105 107 -1.9
Grocery trade, total 5,236 4,673 12.0
- of which intersegment trade 10 15 -34.3
Building and technical trade, Finland 2,142 1,719 24.6
Building and technical trade, other countries* 1,959 1,530 28.0
Building and technical trade, total 4,100 3,250 26.2
- of which intersegment trade 11 1 (..)
Car trade, Finland 849 748 13.5
Car trade, total 849 748 13.5
- of which intersegment trade 0 0 -57.7
Common functions and eliminations -5 8 (..)
Finland, total 8,117 7,042 15.3
Other countries, total* 2,063 1,637 26.0
Group total 10,180 8,679 17.3
*Net sales in countries other than Finland
(..) Change over 100%
Operating profit by segment
€ million 1–12/2016 1–12/2015 Change
Grocery trade 93.0 249.4 -156.4
Building and technical trade 60.8 -57.2 118.0
Car trade 28.9 26.1 2.8
Common functions and eliminations -36.0 -23.7 -12.2
Group total 146.8 194.6 -47.8
Comparable operating profit by segment
€ million 1–12/2016 1–12/2015 Change
Grocery trade 175.9 177.5 -1.5
Building and technical trade 97.9 63.6 34.4
Car trade 29.5 26.1 3.4
Common functions and eliminations -30.5 -22.7 -7.7
Group total 272.9 244.5 28.5
Group's performance indicators by quarter
1–3/
2015
4–6/
2015
7–9/
2015
10–12/
2015
1–3/
2016
4–6/
2016
7–9/
2016
10–12/
2016
Net sales, € million 2,082 2,227 2,203 2,166 2,013 2,610 2,792 2,765
Change in net sales, % -2.2 -6.0 -4.4 -4.4 -3.3 17.2 26.7 27.6
Operating profit, € million -103.6 175.8 83.1 39.3 33.5 68.0 85.5 -40.3
Operating margin, % -5.0 7.9 3.8 1.8 1.7 2.6 3.1 -1.5
Comparable operating profit, € million 26.5 76.4 82.5 59.1 32.3 79.1 98.2 63.3
Comparable operating profit, % 1.3 3.4 3.7 2.7 1.6 3.0 3.5 2.3
Finance income/costs, € million -0.3 -4.2 -3.5 0.9 2.7 1.7 -1.1 -4.3
Profit before tax, € million -103.7 172.1 78.8 40.7 35.7 68.1 84.8 -43.5
Profit before tax, % -5.0 7.7 3.6 1.9 1.8 2.6 3.0 -1.6
Return on capital employed, % -18.1 31.9 17.6 8.2 6.7 12.3 13.6 -6.4
Comparable return on capital employed, % 4.6 13.9 17.5 12.4 6.5 14.3 15.6 10.1
Return on equity, % -19.9 28.0 8.9 4.8 5.1 9.8 12.8 -6.9
Comparable return on equity, % 3.1 10.6 10.6 9.2 4.8 11.7 14.7 8.4
Equity ratio, % 51.5 52.2 54.2 54.7 54.8 44.8 47.9 48.6
Capital expenditure, € million 51.5 58.6 41.5 66.9 51.4 512.7 73.6 105.4
Earnings/share, diluted, € -1.11 1.48 0.43 0.22 0.28 0.49 0.63 -0.40
Equity/share, € 21.30 21.21 21.41 21.82 22.13 20.31 20.84 20.44
Items affecting comparability
€ million 1–3/
2015
4–6/
2015
7–9/
2015
10–12/
2015
1–3/
2016
4–6/
2016
7–9/
2016
10–12/
2016
Items affecting comparability
Gains on disposal 0.3 99.6 1.2 0.1 1.3 2.9 0.8 -0.8
Losses on disposal -130.6 -1.0 -0.2 - - -0.3 -0.1 -70.6
Impairment charges - - - - - -7.9 -3.1 -18.9
Structural arrangements - - - -19.3 0.0 -9.1 -4.6 -9.4
Others 0.2 0.9 -0.4 -0.7 - 3.3 -5.7 -3.9
Items in operating profit affecting comparability -130.1 99.4 0.7 -19.9 1.3 -11.1 -12.7 -103.6
Items in income taxes affecting comparability 2.1 -4.5 -10.4 -4.6 0.1 0.8 2.7 21.6
Total items affecting comparability -128.0 95.0 -9.7 -24.5 1.4 -10.3 -10.0 -82.0
Comparable operating profit
Operating profit -103.6 175.8 83.1 39.3 33.5 68.0 85.5 -40.3
Net of
Items in operating profit affecting comparability -130.1 99.4 0.7 -19.9 1.3 -11.1 -12.7 -103.6
Comparable operating profit 26.5 76.4 82.5 59.1 32.3 79.1 98.2 63.3
Comparable operating margin, % 1.3 3.4 3.7 2.7 1.6 3.0 3.5 2.3
Capital employed, average 2,295 2,204 1,889 1,907 1,990 2,207 2,523 2,497
Comparable return on capital employed, % 4.6 13.9 17.5 12.4 6.5 14.3 15.6 10.1
Comparable profit before tax
Profit before tax -103.7 172.1 78.8 40.7 35.7 68.1 84.8 -43.5
Net of
Items in operating profit affecting comparability -130.1 99.4 0.7 -19.9 1.3 -11.1 -12.7 -103.6
Comparable profit before tax 26.4 72.7 78.2 60.6 34.5 79.2 97.5 60.2
Comparable profit
Comparable profit before tax 26.4 72.7 78.2 60.6 34.5 79.2 97.5 60.2
Net of
Income tax -7.0 -19.4 -30.4 -14.0 -7.0 -14.3 -16.4 6.4
Items in income tax affecting comparability -2.1 4.5 10.4 4.6 -0.1 -0.8 -2.7 -21.6
Comparable profit 17.4 57.8 58.2 51.3 27.3 64.0 78.4 44.9
Equity, average 2,227 2,184 2,189 2,220 2,265 2,195 2,131 2,143
Comparable return on equity, % 3.1 10.6 10.6 9.2 4.8 11.7 14.7 8.4
Comparable profit attributable to owners of the parent
Comparable profit 17.4 57.8 58.2 51.3 27.3 64.0 78.4 44.9
Profit attributable to non-controlling interests -1.1 5.9 5.8 5.1 1.3 5.5 5.7 2.8
Comparable profit attributable to owners of the parent 18.5 51.9 52.5 46.1 26.0 58.6 72.7 42.1
Average number of shaers, basic, 1,000 pcs 99,024 99,084 99,104 99,114 99,163 99,221 99,240 99,249
Comparable earnings/share, € 0.19 0.52 0.53 0.47 0.26 0.59 0.73 0.42
Net sales by segment
€ million 1–3/
2015
4–6/
2015
7–9/
2015
10–12/
2015
1–3/
2016
4–6/
2016
7–9/
2016
10–12/
2016
Grocery trade 1,103 1,149 1,171 1,249 1,094 1,353 1,367 1,422
Building and technical trade 773 883 857 736 695 1,046 1,238 1,121
Car trade 210 190 170 177 225 214 190 221
Common functions and eliminations -3 4 4 4 -1 -2 -3 1
Group total 2,082 2,227 2,203 2,166 2,013 2,610 2,792 2,765
Operating profit by segment
€ million 1–3/
2015
4–6/
2015
7–9/
2015
10–12/
2015
1–3/
2016
4–6/
2016
7–9/
2016
10–12/
2016
Grocery trade 35.2 115.8 45.0 53.4 30.2 44.1 44.8 -26.1
Building and technical trade -144.7 61.5 36.8 -10.9 1.8 32.8 37.9 -11.7
Car trade 9.8 6.5 6.0 3.8 9.4 5.8 6.8 7.0
Common functions and eliminations -3.9 -8.0 -4.6 -7.1 -7.8 -14.7 -4.0 -9.5
Group total -103.6 175.8 83.1 39.3 33.5 68.0 85.5 -40.3
Items affecting comparability
€ million 1–3/
2015
4–6/
2015
7–9/
2015
10–12/
2015
1–3/
2016
4–6/
2016
7–9/
2016
10–12/
2016
Grocery trade 0.3 72.4 0.2 -1.0 -1.1 0.5 -4.4 -78.0
Building and technical trade -130.4 27.0 1.0 -18.4 1.5 -5.1 -7.4 -26.1
Car trade - - - - - - - -0.6
Common functions and eliminations - 0.0 -0.6 -0.5 0.9 -6.5 -0.9 1.1
Group total -130.1 99.4 0.7 -19.9 1.3 -11.1 -12.7 -103.6
Comparable operating profit by segment
€ million 1–3/
2015
4–6/
2015
7–9/
2015
10–12/
2015
1–3/
2016
4–6/
2016
7–9/
2016
10–12/
2016
Grocery trade 34.9 43.3 44.8 54.5 31.3 43.6 49.2 51.9
Building and technical trade -14.2 34.5 35.8 7.5 0.3 37.9 45.3 14.4
Car trade 9.8 6.5 6.0 3.8 9.4 5.8 6.8 7.5
Common functions and eliminations -3.9 -8.0 -4.1 -6.7 -8.7 -8.2 -3.1 -10.5
Group total 26.5 76.4 82.5 59.1 32.3 79.1 98.2 63.3