Key figures
Financial indicators 2015 2014 2013 2012 2011
Net sales, EUR million 1 917.1 1 988.7 2 113.2 2 159.4 2 193.0
Operating profit/loss (EBIT), EUR million 9.6 55.5 11.7 27.3 27.0
% of net sales 0.5 2.8 0.6 1.3 1.2
Operating profit/loss excluding non-recurring items, EUR million 21.5 12.4 11.2 20.9 26.9
% of net sales 1.1 0.6 0.5 1.0 1.2
Profit/loss before taxes, EUR million 2.2 51.2 6.7 12.4 10.0
% of net sales 0.1 2.6 0.3 0.6 0.5
Return on equity (ROE), %* 0.4 13.4 2.4 4.3 2.9
Return on capital employed before taxes (ROCE), %* 2.3 9.7 4.0 5.8 4.8
Equity ratio, %* 50.9 51.5 37.1 33.1 33.6
Net gearing ratio , %* 33.8 31.8 82.0 109.2 107.2
Gross investments, EUR million* 49.6 48.7 42.2 76.6 61.0
% of net sales* 2.6 2.4 2.0 3.5 2.4
R&D expenses, EUR million* 5.1 3.7 3.2 10.5 11.2
% of net sales* 0.3 0.2 0.2 0.5 0.4
Employees, average 7 437 7 662 7 774 7 836 8 287
Per share data 2015 2014 2013 2012 2011
Earnings per share (EPS), undiluted, EUR 0.01 1.05 0.16 0.30 0.18
Earnings per share (EPS), diluted, EUR 0.01 1.05 0.16 0.30 0.18
Equity per share, EUR 7.63 8.09 7.41 7.31 7.67
Dividend paid per share, EUR 0.14** 0.49 0.10 0.10 0.17
Dividend payout ratio, undiluted, % 2 378.9** 46.7 62.1 33.2 92.1
Dividend payout ratio, diluted, % 2 378.9** 46.7 62.1 33.2 92.1
Effective dividend yield, % 3.7** 15.0 2.7 2.8 3.0
Price-to-earnings ratio (P/E)
undiluted 647.4 3.1 23.3 12.0 30.6
diluted 647.4 3.1 23.3 12.0 30.6
Lowest trading price, EUR 3.24 3.12 3.29 3.17 4.08
Highest trading price, EUR 6.26 4.49 4.28 6.40 7.98
Middle price during the period, EUR 5.07 3.74 3.70 4.34 6.05
Share price at the end of the year, EUR 3.81 3.27 3.76 3.63 5.64
Market capitalisation, EUR million 205.6 176.5 202.9 195.9 310.0
Trading volume (1 000) 17 321 13 990 7 670 9 084 11 765
% of the average volume 32.1 25.9 14.1 16.7 21.4
Adjusted number of outstanding shares (1 000)
average during financial period 53 973 53 973 53 973 54 556 54 973
at the end of financial period 53 973 53 973 53 973 53 973 54 973
fully diluted 53 973 53 973 53 973 53 973 54 973
* Sokołów's accounting treatment changed in 2013. Comparable figures from 2012–2011 are not available.
** Based on the Board of Directors' proposal.