Financial position

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

 20242023202220212020
Net sales, EUR thousand204 583145 416158 324142 212114 994
Change in net sales, %40.7-8.211.323.7-24.0
Exported portion (outside Finland) of net sales, EUR thousand172 407132 293141 830130 548108 267
% of net sales84.391.089.691.894.2
EBITDA**19 1246 781-9 6892 071 
Comparable EBITDA**19 7859 273-2 2583 479 
% of net sales9.76.4-1.42.4 
Operating profit, EUR thousand13 7201 863-14 642-2 244-2 770
% of net sales6.71.3-9.2-1.6-2.4
      
Result before tax, EUR thousand15 1341 795-13 814-1 772-2 455
% of net sales7.41.2-8.7-1.2-2.1
Result for the financial year, EUR thousand12 1111 350-11 513-1 775-1 819
% of net sales5.90.9-7.3-1.2-1.6
      
Return on investment (ROI), %30.96.6-29.9-2.7-2.7
Return on equity (ROE), %27.54.4-40.4-4.8-4.1
Balance sheet total, EUR thousand**136 001135 40592 053110 67685 428
      
Interest-bearing net liabilities, EUR thousand-51 887-34 4196 721-12 244-3 863
% of net sales-25.427.14.2-8.6-3.4
Non-interest-bearing liabilities, EUR thousand78 02588 31756 73564 06537 740
Equity ratio, %55.250.236.644.358.8
Gearing, %-104.4-102.729.4-35.9-9.8
      
Gross capital expenditure, EUR thousand2 7994 4866 5726 2974 258
& of net sales1.43.14.24.43.7
Research and development costs, EUR thousand5 3415 2156 2954 9194 260
% of net sales2.63.64.03.53.7
Order book, EUR million1842668415894
Order intake, EUR million121315138203119
      
Personnel at Dec. 31783754778802751
Personnel, effective, on average740749774780743
Personnel, on average782754829788760
      
Dividend, EUR thousand3 315*612003 411
 

* The Board of Directors' proposal to the Annual General Meeting.
** The new key figures calculated only starting from 2021.

Calculations of key figures

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