Key figures
Financial indicators 2016 2015 2014 2013 2012
Net sales, EUR million 1 872.9 1 917.1 1 988.7 2 113.2 2 159.4
Operating profit/loss (EBIT), EUR million 9.7 9.6 55.5 11.7 27.3
% of net sales 0.5 0.5 2.8 0.6 1.3
Operating profit/loss excluding non-recurring items, EUR million 13.2 21.5 12.4 11.2 20.9
% of net sales 0.7 1.1 0.6 0.5 1.0
Profit/loss before taxes, EUR million 0.9 2.2 51.2 6.7 12.4
% of net sales 0.0 0.1 2.6 0.3 0.6
Return on equity (ROE), %* -0.9 0.4 13.4 2.4 4.3
Return on capital employed before taxes (ROCE), %* 2.1 2.3 9.7 4.0 5.8
Equity ratio, %* 47.9 50.9 51.5 37.1 33.1
Net gearing ratio , %* 33.5 33.8 31.8 82.0 109.2
Gross investments, EUR million* 97.6 49.6 48.7 42.2 76.6
% of net sales* 5.2 2.6 2.4 2.0 3.5
R&D expenses, EUR million* 6.6 5.1 3.7 3.2 10.5
% of net sales* 0.4 0.3 0.2 0.2 0.5
Employees, average 7 319 7 437 7 662 7 774 7 836
Per share data 2016 2015 2014 2013 2012
Earnings per share (EPS), undiluted, EUR -0.10 0.01 1.05 0.16 0.30
Earnings per share (EPS), diluted, EUR -0.10 0.01 1.05 0.16 0.30
Equity per share, EUR 7.31 7.63 8.09 7.41 7.31
Dividend paid per share, EUR 0.16** 0.14 0.49 0.10 0.10
Dividend payout ratio, undiluted, % -160.4** 2 378.9 46.7 62.1 33.2
Dividend payout ratio, diluted, % -160.4** 2 378.9 46.7 62.1 33.2
Effective dividend yield, % 5.0** 3.7 15.0 2.7 2.8
Price-to-earnings ratio (P/E)
undiluted -32.0 647.4 3.1 23.3 12.1
diluted -32.0 647.4 3.1 23.3 12.1
Lowest trading price, EUR 2.89 3.24 3.12 3.29 3.17
Highest trading price, EUR 3.89 6.26 4.49 4.28 6.40
Middle price during the period, EUR 3.19 5.07 3.74 3.70 4.34
Share price at the end of the year, EUR 3.19 3.81 3.27 3.76 3.63
Market capitalisation, EUR million 172.3 205.6 176.5 202.9 195.9
Trading volume (1 000) 13 313 17 321 13 990 7 670 9 084
% of the average volume 24.7 32.1 25.9 14.2 16.7
Adjusted number of outstanding shares (1 000)
average during financial period 54 006 53 973 53 973 53 973 54 556
at the end of financial period 54 018 53 973 53 973 53 973 53 973
fully diluted 54 018 53 973 53 973 53 973 53 973
* Sokołów's accounting treatment changed in 2013. Comparable figures from 2012 are not available.
** Based on the Board of Directors' proposal.