Financial information
The Year in Brief and Key Figures 2007
During the year the decor market was characterized by overcapacity at the same time as market growth was low, which led to fierce price competition, with falling prices as a result. Input materials such as pulp and energy also increased in price.
Munksjö’s Swedish product areas: Spantex, Thin Paper, Electrotechnical Paper and Pulp, experienced positive volume development with stady profitability.
| EUR M |
2007 |
2006 |
2005 |
| Net sales |
421.8 |
434.7 |
425.1 |
|
|
|
|
| EBITDA |
46.4 |
49.2 |
57.7 |
| Operating depreciation |
-31.3 |
-19.3 |
-19.4 |
| EBITA |
15.1 |
29.9 |
38.3 |
| Goodwill amortization |
-9.2 |
-9.1 |
-9.2 |
| EBIT |
5.9 |
20.8 |
29.1 |
|
|
|
|
| EBITDA margin% |
11 |
11 |
14 |
| EBITA margin% |
4 |
7 |
9 |
|
|
|
|
| Operating cash flow |
16.9 |
46.8 |
48.8 |
| Net investments |
23.3 |
21.3 |
14.7 |
| Average number of employees |
1,423 |
1,440 |
1,447 |
| NET SALES BY BUSINESS UNIT (EUR M) |
| Decor |
248 |
| Billingsfors |
66 |
| Electrotechnical Paper |
28 |
| Pulp |
90 |
| Inpak |
6 |
| Elimination of Group |
-16 |
| Total Munksjö Group |
422 | |
| AVERAGE NUMBER OF EMPLOYEES |
| Decor |
804 |
| Billingsfors |
271 |
| Electrotechnical Paper |
119 |
| Pulp |
186 |
| Inpak |
27 |
| Central Group |
16 |
| Total Munksjö Group |
1,423 |
|
| NET SALES BY PRODUCT AREA |
| Decor |
58% |
| Spantex |
6% |
| Thin Paper |
7% |
| Electrotechnical paper |
7% |
| Pulp |
21% |
| Inpak |
1% | |
| SALES BY COUNTRY |
| Nordic countries |
8% |
| Germany |
28% |
| Other Europe |
41% |
| America |
11% |
| Asia |
8% |
| Rest of the world |
4% | |
|
|
|
EBITDA= Operating profit before depreciation excluding items affecting comparability.
EBITA= Operating profit after depreciation but before goodwill amortization and items affecting comparability.
EBIT= Operating profit excluding items affecting comparability.
Download the Annual Report 2007 in English (2 573 kb)
Download the Annual Report 2007 in Swedish (2 729 kb) |