2017-02-27 08:00:05 CET
2017-02-27 08:00:05 CET
REGULATED INFORMATION
Plc Uutechnic Group Oyj - Financial Statement Release
PLC UUTECHNIC GROUP OYJ REVIEW OF FINANCIAL STATEMENTS FOR 1 JANUARY–31 DECEMBER 2016
Helsinki, Finland, 2017-02-27 08:00 CET (GLOBE NEWSWIRE) -- PLC UUTECHNIC GROUP
OYJ REVIEW OF FINANCIAL STATEMENTS FOR 1 JANUARY–31 DECEMBER 2016
Uutechnic Group’s turnover for the financial year 2016 amounted to EUR 36.4
million (8.9 million), and its operating result was EUR 0.9 million (1.2
million). Uutechnic Group’s order book stood at EUR 15.9 million (11.7 million)
at the end of the financial year. The earnings per share from continuing
operations was EUR 0.01 (0.03).
Key figures 2016 2015 2016 2015
1-12 1-12 7-12 7-12
Turnover, continuing operations 36 377 8 859 19 435 7 178
Operating profit/loss 881 1 186 -183 807
% of turnover 2,4 13,4 -0,9 11,2
Profit/loss before taxes 190 810 -512 431
Profit/loss for the period from the 245 -306
discontinuing operations
Profit/loss for the period 716 954 11 106
Return on equity (ROE), % 7,2 12,4 0,2 2,7
Return on investment (ROI), % 2,8 13,6 -0,1 3,2
Earnings per share (EPS), euroa 0,01 0,03 0,00 0,00
Order backlog 31.12. 15 899 11 680 15 899 11 680
The business arrangement carried out in the financial year 2015 was recognized
as a reverse acquisition in the Group’s IFRS financial statements. For this
reason, the comparison figures for the previous financial year presented in the
consolidated financial statements of 31 December 2016 are figures consisting of
Uutechnic Oy’s 12-month figures and the figures for the rest of the Group
(formerly Vaahto Group) for a period of two months. As applicable, the combined
figures for Uutechnic Oy, Japrotek Oy Ab, Stelzer Rührtechnik Int. GmbH and
AP-Tela Oy—the Group units engaged in business operations—are presented as
comparable figures for 2015.
OUTLOOK
The Group seeks to be a globally known and preferred cooperation partner with a
good financial standing in selected product and market segments. The Group
pursues growth organically while also considering opportunities for growth
through acquisitions.
The main objective for 2017 is to improve the Group’s profitability. Based on
the strong order book, the Group’s turnover is expected to continue to grow and
operating profit is expected to improve compared to the previous year,
particularly in the second half of the year.
Another key objective is to grow the mixing technology business and strengthen
its significance as a success factor for the Group. The main focus in the
mixing technology business in 2017 is investing in sales and marketing as well
as finalizing the reorganization of operations. These measures are aimed at
improving profitability and creating a foundation for a substantial increase in
turnover.
BUSINESS REPORTING
Uutechnic Group focuses on improving the competitiveness of its customers by
providing advanced process technology and a unique service concept worldwide.
Its product range includes agitators, pressure vessels, process and storage
tanks, reactors and heat exchangers, as well as different types of long welded
and machined axially symmetrical parts, such as rolls, cylinders, pipes and
cones.
The Group’s main industries are hydrometallurgy and the mining, pulp, paper and
food industries, as well as the fertilizer industry and other chemical
industries, and environmental technology.
Plc Uutechnic Group Oyj, the parent company of Uutechnic Group, is listed on
Nasdaq Helsinki. The Group’s subsidiaries are wholly owned by the parent
company. The parent company is responsible for the Group’s management,
strategic planning, financial administration, IT, financing and HR management.
The Group’s business operations are carried out by the subsidiaries: AP-Tela
Oy, Japrotek Oy Ab, Uutechnic Oy and Stelzer Rührtechnik International GmbH.
All of the Group’s business operations are reported under one segment.
Mixing technology business
The recently concluded financial year was the first under the new Group
structure. At the end of June, the Group announced its decision to centralize
its mixing technology business in Finland. The manufacturing of Jamix agitators
was relocated from Pietarsaari to Uutechnic Oy’s factory in Uusikaupunki at the
beginning of September. In a move related to the centralisation of the mixing
technology business, the Group’s sales company Steva Oy was merged with
Uutechnic Oy at the end of June and Steva’s personnel were transferred to
Uutechnic Oy. The centralisation of operations was aimed at clarifying the
structure of the business in Finland and improving productivity.
Restructuring operations between Uutechnic Oy and Stelzer GmbH in the mixing
technology business began in earnest in the fourth quarter. The first concrete
measure was to divide manufacturing capacity between the companies during the
latter part of the year. Integration planning and implementation will continue
in the financial year 2017.
Immediately after the end of the financial year, the Group announced it is
strengthening its competence in the mixing technology business in line with the
Group’s strategy by appointing PhD (Eng) Jussi Vaarno as Vice President and a
member of the Group Management Team starting from 16 January 2017. At the same
time, the Group announced that its objective is to grow the mixing technology
business and strengthen its significance as a success factor for the Group.
At the end of the financial year, the Group announced it had received an order
for a complete delivery of a leaching autoclave and agitators to Norilsk
Nickel’s Harjavalta plant. This represented the first significant order for a
complete delivery in line with Uutechnic Group’s strategy, with Japrotek Oy Ab
delivering the leaching autoclave and Uutechnic Oy delivering the autoclave
agitators.
During the financial year, the mixing technology business had a strong focus on
new customer acquisition; for example, by signing new international
representation agreements in Poland, China, Singapore, Malaysia and Indonesia,
and by participating in international fairs and exhibitions. The Group has also
sought new markets in regions including Latin America.
Vessel business
For Japrotek Oy Ab, the financial year was a period of major challenges and
opportunities. The heavily loss-making business was restored to profitability
and the result for the financial year showed a substantial profit due to higher
turnover as well as various measures implemented by the company. The cost
reduction targets set at the start of the financial year were achieved.
The automation of production and centralising the manufacture of agitators in
Uusikaupunki made it possible to rationalise and streamline vessel
manufacturing processes. Cost savings were achieved by, among other things,
enhancing the efficiency of the subcontracting chain and expanding it. In
design, the company’s own expertise was strengthened by recruiting more
personnel, and a design system development project was launched to reduce
costs. Cooperation between the Group companies was strengthened in both design
and manufacture.
The vessel business saw its order book improve after a challenging start to the
year, and the Group received several significant orders. Some of the deliveries
will extend all the way to 2018.
Roll and pipe business
AP Tela Oy’s order book was at a record high during the financial year. The
company invested in, among other things, increasing its inside turning
capacity, managing production load and acquiring more processing and
warehousing space.
The largest delivery during the financial year consisted of the design and
manufacture of 27 massive drying cylinders. The delivery was made in the fourth
quarter of 2016. The project ended up being loss-making and it also had
significant negative impacts on other projects. Consequently, AP-Tela’s
operating result was substantially in the red. AP-Tela started co-determination
negotiations at the end of the financial year to adjust its operations.
NEW ORDERS AND ORDER BOOK
Uutechnic Group’s order book stood at EUR 15.9 million (11.7 million) at the
end of the financial year, up 36.1% year-on-year. The order book extends to
2018.
TURNOVER AND PROFITABILITY
Uutechnic Group’s turnover for the financial year 2016 amounted to EUR 36.4
million (8.9 million), and its operating result was EUR 0.9 million (1.2
million). The comparative combined turnover of the Group’s operating
subsidiaries in the previous financial year was EUR 30.6 million.
Finland represented approximately 48% of the Group’s turnover, including
indirect exports. The rest of Europe accounted for 40% of turnover, while Asia
represented 9%, South America 2% and North America 2%.
The Group’s weaker-than-expected operating result was affected by losses made
on a significant project in AP-Tela Oy as well as the project’s impacts on
other manufacturing operations. In spite of the challenges related to the
manufacture of the new product, the project was delivered to the customer as
agreed. With the exception of AP-Tela, the Group companies achieved a positive
operating result.
The efficiency improvement programmes started by the Group in the previous
financial year, aiming at total savings of EUR 1.5 million compared to 2015,
were implemented as planned. The Group will continue to review and streamline
processes.
FINANCIAL STANDING AND LIQUIDITY
At the end of the financial year, Uutechnic Group’s balance sheet total stood
at EUR 23.7 million (22.2 million). The Group’s interest-bearing liabilities
totalled EUR 5.1 million (5.5 million), including EUR 2.0 million in
subordinated loans. The Group’s cash flow from operations for the financial
year was EUR 0,8 million (1,4 million).
At the end of the financial year, the Group’s equity ratio was 78.2% (68.0%)
and net gearing was 30.9% (50.5%). Return on investment (ROI) for the financial
year was 2.8% (13.6%), and return on equity (ROE) was 7.2% (12.4%).
Non-current assets on Uutechnic Group’s balance sheet totalled EUR 11.7 million
(11.1 million).
EQUITY
The Group’s equity stood at EUR 10.5 million (9.5 million) at the end of the
financial year.
Loans granted by two shareholders, totalling EUR 2.0 million, were converted
into unsecured subordinated loans in conjunction with a financing arrangement
in 2015. These loans are subordinated loans in accordance with chapter 12 of
the Limited Liability Companies Act, and their capital repayments and interest
payments must meet the conditions provided in the Act. The loans will be repaid
as a one-off payment on 31 December 2019. However, the company is entitled to
pay early. The annual interest rate on the outstanding loan capital is 4%. Of
the total loan capital, EUR 1 million involves a specific right of exchange. To
the extent that loan capital remains unpaid on 31 December 2017, the creditors
are entitled to convert EUR 1 million of the capital, in part or in full, into
shares in the company at a value of EUR 0.25. This right of exchange is based
on the authorisation to issue shares that was approved by the company’s Annual
General Meeting on 14 April 2015.
RESEARCH, PRODUCT DEVELOPMENT AND INVESTMENTS
The Group’s research and product development activities were focused on the
design and implementation of customised customer solutions. The expenses are
recognised as an annual cost.
The Group’s investments in fixed assets for the financial year totalled EUR 1.0
million (0.04 million). The investments primarily involved equipment purchases
as well as processing and warehousing space.
PERSONNEL
At the end of the financial year, Uutechnic Group had 195 (179) employees, of
whom 84 (75) were white collar and 111 (104) were blue collar. Of the
employees, 131 worked in Finland and 64 in Germany.
AUTHORISATION TO ISSUE SHARES
In accordance with the proposal of the Board of Directors, the Annual General
Meeting of 28 April 2016 authorised the Board of Directors to resolve on the
issue of at most 10,000,000 new shares or special rights entitling to shares,
with at most 1,000,000 of these allocated to the Group’s personnel and Board of
Directors.
SHARE ISSUES
On 6 June 2016, the Board of Directors of Plc Uutechnic Group Oyj resolved on a
directed issue of at most 1,000,000 new shares. According to the resolution, at
most 800,000 shares would be offered to the personnel and at most 200,000
shares would be offered to the Board of Directors. The subscription period of
the share issue ended on 12 August 2016 and the Board of Directors approved the
subscription of 542,000 new shares. The subscription price per share was EUR
0.50. The new shares subscribed in the share issue represented approximately
1.0 per cent of all shares and votes in the company. The members of the
company’s Board of Directors subscribed in full the shares offered to them.
BOARD OF DIRECTORS, MANAGEMENT AND AUDITORS
On 28 April 2016, the Annual General Meeting re-elected Sami Alatalo (Vice
Chairman) and Jouko Peräaho (Chairman) and elected Hannu Kottonen and Kristiina
Lagerstedt as new Board members. The new members are independent of the company
and its major shareholders.
Martti Heikkilä has served as the Group’s CEO since 1 December 2015.
Ernst & Young, Authorised Public Accountants, served as the Group’s auditor,
with Osmo Valovirta, APA, as the principal auditor.
The Company adheres to the Finnish Corporate Governance Code 2015 for listed
companies (Nasdaq Helsinki). The Group publishes its Corporate Governance
Statement as part of its annual report and on its website at
www.uutechnicgroup.fi.
REMARKABLE RISKS AND UNCERTAINTY FACTORS AND THEIR MANAGEMENT
The demand for Uutechnic Group’s products is dependent on trends and
developments in the global economy and the Group’s customer industries, which
poses a general external risk to its operations. The Group seeks to mitigate
the risks arising from changes in demand by targeting its sales operations in
line with current trends in various market areas and customer industries.
According to the Board of Directors of the Group’s parent company, other
significant risks and uncertainty factors to which the Group is exposed are
related to at least the following aspects:
-- Turning the Group’s previously loss-making units into profitable units or
maintaining the profitability of units requires further improvements in
competitiveness and the achievement of sufficient operating volumes.
-- The Group will continue to implement consolidation processes and pursue
identified synergies to improve profitability. It is possible that not all
of the identified synergies will be achieved, or that processes will fail.
-- The Group aims to grow organically as well as through acquisitions. There
is no certainty that the Group will be able to find suitable candidates for
acquisition, obtain the financing required for acquisitions or acquire
businesses on satisfactory terms.
-- The acquisition prices paid in the context of business combinations and the
goodwill generated by them also involve risks. The Group’s calculations to
test goodwill are based on financial forecasts and assumptions prepared by
the management.
-- Part of the Group’s business operations consist of major or large project
deliveries. Extensive and complicated projects involve the risk that the
future costs and any other risks related to the delivery cannot be
estimated sufficiently accurately in the bidding phase. In such cases, the
result of the project may prove weaker than expected. In contracts for
extensive projects, the claims for compensation for delayed delivery or
deficient performance may be significant.
-- Unfavourable changes in the financial markets may have an effect on the
Group’s result and the availability of equity and debt financing on
competitive terms. Uncertainty in the international economy may lead to
payment delays and an increased risk of credit losses.
The Group seeks to protect itself against risks using all measures that can
reasonably be implemented. These include, among other things, measures aimed at
improving profitability and productivity, training for employees, guidelines
and instructions, insurance policies, critical examination of the terms and
conditions of commercial agreements and the systematic monitoring and
development of operations.
EVENTS AFTER THE END OF THE FINANCIAL YEAR
On 2 January 2017, the company announced that Nordea Bank Finland will transfer
its market-making for Plc Uutechnic Group Oyj to Nordea Bank AB (publ) due to
the merger of Nordea Bank Finland and its parent company Nordea Bank AB (publ).
Also on 2 January 2017, Uutechnic Group announced it is strengthening its
competence in the mixing technology business in line with the Group’s strategy
by appointing Jussi Vaarno PhD (Eng) as Vice President and a member of the
Group Management Team starting from 16 January 2017. Uutechnic Group’s
objective is to grow the mixing technology business and strengthen its
significance as a success factor for the Group.
On 19 January 2017, the company announced that AP-Tela Oy, a subsidiary of
Uutechnic Group, had concluded co-determination negotiations. The negotiations
were based on the restructuring of operations and on financial and
production-related reasons. The negotiations concerned the company’s entire
personnel. It was decided that the number of employees would be adjusted
according to the company’s financial situation and order book. Terminations of
employment contracts will concern three persons and temporary layoffs will last
90 days at most.
THE BOARD’S PROPOSAL FOR THE DISTRIBUTION OF DIVIDEND
The parent company’s profit for the financial year was EUR 0.7 million. At the
end of the financial year, the parent company’s distributable funds stood at
EUR 10.4 million. The Board of Directors proposes to the Annual General Meeting
that no dividend be paid and the profit for the period be transferred to the
retained earnings account.
ANNUAL GENERAL MEETING
The Annual General Meeting of Plc Uutechnic Group Oyj will be held at the
Scandic Park Hotel in Helsinki on 30 March 2017 at 1:00 p.m.
KEY FIGURES FOR THE FINANCIAL STATEMENTS OF UUTECHNIC GROUP
The figures are presented in thousands of euros (EUR 1,000), unless otherwise
mentioned. The figures are unaudited.
The business arrangement carried out in the Group in 2015 was recognised as a
reverse acquisition in the Group’s IFRS financial statements. For this reason,
the comparison figures are figures consisting of Uutechnic Oy’s 12-month
figures and the figures for the rest of the Group (formerly Vaahto Group) for a
period of two months.
Consolidated Statement of
Comprehensive Income
1000 EUR 1.1.2016-31.12.2016 1.1.2015-31.12.2015
UUTECHNIC GROUP
REVENUE 36 377 8 859
Change in inventories of finished -170 -477
goods and work in progress
Work performed for own purposes and 149
capitalised
Other operating income 162 34
Material and services -19 397 -3 522
Employee benefits expense -11 187 -2 481
Depreciation and amortisation -582 -137
Other operating expenses -4 470 -1 089
OPERATING PROFIT 881 1 186
Depreciation, amortization and -456 -76
impairment loss of acquisition
Financing income 6
Financing expenses -242 -300
PROFIT/LOSS BEFORE TAX 190 810
Tax on income from operations 526 -102
Profit/loss from continuing 716 709
operations
UUTECHNIC GROUP
Profit/loss from discontinued 0 245
operations
PROFIT/LOSS FOR THE PERIOD 716 954
Other comprehensive income:
Items that may be reclassified
subsequently to profit or loss
Exchange differences on translating 0 33
foreign operations
0 33
TOTAL COMPREHENSIVE INCOME 716 987
Profit attributable to:
Owners of the parent company 716 709
Non-controlling interests 0 0
716 709
Total comprehensive income
attributable to:
Owners of the parent company 716 709
Non-controlling interests 0 0
716 709
Earnings per share calculated on profit attributable to
equity holders of the parent:
EPS undiluted, euros/share, 0,01 0,02
continuing operations
EPS diluted, euros/share, 0,01 0,02
continuing operations
EPS undiluted, euros/share, 0,00 0,01
discontinuing operations
EPS diluted, euros/share, 0,00 0,01
discontinuing operations
EPS undiluted, euros/share 0,01 0,03
EPS diluted, euros/share 0,01 0,03
Average number of shares
Undiluted EPS (FAS and IFRS) 56 148 248 29 516 938
divisor, outstanding during the
financial year
Diluted EPS (FAS and IFRS) divisor, 56 148 248 29 516 938
outstanding during the financial
year
Consolidated
Statement of
Comprehensiv
e Income
1000 EUR 1.1.-31.12.2016 1.7.-31.12.2016 1.1.-30.6.2016 1.1.-31.12.2015
12 months 6 months 6 months 12 months
UUTECHNIC
GROUP
REVENUE 36 377 19 435 16 942 8 859
Change in -170 -1 294 1 124 -477
inventor
ies of
finished
goods
and work
in
progress
Work 149 -533 682
performe
d for own
purposes
and
capitali
sed
Other 162 102 60 34
operatin
g income
Material -19 397 -9 800 -9 597 -3 522
and
services
Employee -11 187 -5 629 -5 558 -2 481
benefits
expense
Depreciat -582 -307 -274 -137
ion and
amortisa
tion
Other -4 470 -2 156 -2 314 -1 089
operatin
g
expenses
OPERATING 881 -183 1 065 1 186
PROFIT
Depreciat -456 -228 -228 -76
ion,
amortiza
tion and
impairme
nt loss
of
acquisit
ion
Financing 6 6 0
income
Financing -242 -107 -135 -300
expenses
PROFIT/LO 190 -512 702 810
SS BEFORE
TAX
0
Tax on 526 523 3 -102
income
from
operatio
ns
Profit/lo 716 11 705 709
ss from
continui
ng
operatio
ns
Profit/lo 0 0 0 245
ss from
disconti
nued
operatio
ns
PROFIT/LOSS 716 11 705 954
FOR THE
PERIOD
Consolidated Statement of Financial Position
1000 EUR 31.12.2016 31.12.2015
ASSETS
NON-CURRENT ASSETS
Intangible assets 1 918 2 262
Goodwill 3 534 3 534
Tangible assets 5 612 5 295
Available for sale investments 25 25
Deferred tax asset 621
NON-CURRENT ASSETS 11 710 11 115
CURRENT ASSETS
Inventories 2 728 2 684
Trade receivables and other 5 000 7 478
receivables
Current receivables for revenue 2 304 223
recognized in part prior to
project completion
Tax Receivable, income tax 54 0
Cash and cash equivalents 1 909 679
CURRENT ASSETS 11 995 11 063
ASSETS 23 705 22 179
EQUITY AND LIABILITIES
Owners of the parent company
Share capital 2 872 2 872
Share premium 6 6
Unrestricted equity reserve 6 376 6 120
Translation differences 33 33
Accumulated earnings 1 188 472
Owners of the parent company 10 475 9 504
Non-controlling interests 0 0
EQUITY 10 475 9 504
NON-CURRENT LIABILITIES
Deferred tax liability 425 525
Subordinated loans 2 000 2 000
Non-current liabilities, 1 609 2 000
interest-bearing
Non-current provisions 274 263
NON-CURRENT LIABILITIES 4 308 4 788
CURRENT LIABILITIES
Current interest-bearing liabilities 1 536 1 482
Trade Payables and Other Liabilities 7 342 6 360
Tax liability, income tax 44 10
Current provisions 0 35
CURRENT LIABILITIES 8 921 7 887
EQUITY AND LIABILITIES 23 705 22 179
Consolidated Statement of Cash Flows,
indirect
1000 EUR 1.1.2016-31.12.2016 1.1.2015-31.12.2015
Cash flows from operating activities
Profit/loss for the period 716 709
Profit/loss for the period, 245
discontinued operations
Depreciation, amortisation & 582 151
impairment
Depreciation, amortization and 456 76
impairment loss of acquisition
Other non-cash items -841 -499
Financial income and expenses 236 91
Tax on income from operations 195 163
Flow of funds from operations before 1 343 936
the change in working capital
Working capital changes
Increase / decrease in inventories -44 297
Increase /decrease in trade and -1 158 755
other receivables
Increase / decrease in trade 934 -602
payables
Flow of funds from operations 1 076 1 385
before the change in working
capital
Interest paid -161 -49
Dividends received 1
Interest received 4 246
Other financing items 1
Income taxes paid -311 -176
Net cash from operating activities 822 1 406
Cash flows from investing activities
Purchase of tangible and intagible -1 011 -41,59
assets
Proceeds from sale of tangible and 0 25,27
intangible assets
Net cash used in investing activities -1 011 -16
Cash flows from financing activities
Proceeds from issue of share 1 756 0
capital
Dividends paid -700
Proceeds from current borrowings 18 0
Repayment of current borrowings -435 -2 750
Proceeds from non-current 79 2 000
borrowings
Net cash used in financing activities 1 419 -1 450
Change of liquid funds 1 230 -61
Cash and cash equivalents, opening 679 587
amount
Liquid assets received in 438
connection with the acquisition
Liquid assets to be transferred to -286
uncontinued operations
Liquid assets at the end of the 1 909 679
fiscal year
Change in liquid assets according to 1 230 -61
the balance sheet
The allocation of the cash flow
items related to the reverse
aquisition between the periods has
been changed. This has an effect
on the net cash from operating
activities and net cash flow in
financing activities on the
reference period. This change has
been made in order to make the net
cash flow from operating
activities more comparative.
Consolidated
Statement of
Changes in
Equity
1000 Share Share Unrestricte Translati Retaine Total Total
EUR capita premiu d equity on d equit
l m reserve differen earnin y
ces gs
EQUIT 2 872 6 6 120 33 472 9 504 9 504
Y
1.1.
2016
Adjus 2 872 6 6 120 33 472 9 504 9 504
ted
equi
ty
Comprehensive
income
Profit/lo 716 716 716
ss for
the
period
TOTAL 0 0 0 0 716 716 716
COMPREHENSIV
E INCOME
Transactions
with owners
Share 0 0 271 0 0 271 271
issue
Bonus 0 0 0 0 0 0 0
issue
Transacti 0 0 -15 0 0 -15 -15
on costs
for
equity
(listing
and
issue
costs)
Total 0 0 256 0 0 256 256
transactions
with owners
Changes in
ownership
interests in
subsidiaries
TOTAL EQUITY 2 872 6 6 376 33 1 188 10 475 10 475
31.12.2016
1000 Share Share Unrestricte Translati Retaine Total Total
EUR capita premiu d equity on d equit
l m reserve differen earnin y
ces gs
EQUIT 17 0 0 0 5 872 5 889 5 889
Y
1.1.
2015
Adjus 17 0 0 0 5 872 5 889 5 889
ted
equi
ty
Comprehensive
income
Profit/lo 954 0
ss for
the
period
Transl 33
ation
diffe
rences
TOTAL 0 0 0 33 954 0 0
COMPREHENSIV
E INCOME
Transactions
with owners
Dividend -700 -700 -700
distribu
tion
Share 1 500 0 1 500 1 500
issue
Share 7 680 0 7 680 7 680
exchange
Transacti -159 0 -159 -159
on costs
for
equity
(listing
and
issue
costs)
Items due 2 855 6 -2 901 -40 -40
to
reverse
acquisit
ion
Items to -5 654 -5 654
be
transfer
red with
the
merger
Total 2 855 6 6 120 0 -6 354 2 627 8 281
transactions
with owners
Changes in
ownership
interests in
subsidiaries
TOTAL EQUITY 2 872 6 6 120 33 472 9 504 9 504
31.12.2015
Business indicators 2016 2015
IFRS IFRS
Turnover, continuing operations 36 377 8 859
Revenue change, % 311 286
Operating profit 881 1 186
% of turnover 2,4 13,4
Profit/loss before taxes 190 810
% of turnover 0,5 9,1
Profit/loss for the period 716 245
% of turnover 2,0 2,8
Equity holders of the parent 716 987
% of turnover 2,0 11,1
Return on equity (ROE), % 7,2 12,4
Return on investment (ROI), % 2,8 13,6
Equity ratio, % 78,2 68,0
Net gearing 30,9 50,5
Current Ratio 1,3 1,4
Gross investments in fixed assets 1 011 41
% of turnover 2,8 0,5
Order backlog 15 899 11 680
Consolidated balance sheet total 23 705 22 179
Total number of personnel at the end of the period 195 179
Share figures 2016 2015
IFRS IFRS
Earnings per share, euros 0,01 0,03
Shareholders' equity, euros 0,19 0,17
Dividend per share, euros *) 0 0
Price earnings ratio (P/E) 39,2 12,3
Number of shares outstanding at the end of the period 56 505 210 55 963 210
Number of shares outstanding, average 56 148 248 29 516 938
2016 2015
12kk 12kk
A share
- high 0,74 0,76
- low 0,33 0,25
- average 0,52 0,42
- share price at the end of the fiscal year 0,50 0,40
Total amrket value, million euros 28,1 10,4
Number of shares traded during the fiscal year 14 587 446 5 604 336
Number of shares traded, % 25,8 21,6
Number of shareholders 1 485 1 073
*) proposal by the Board of Directors
In Uusikaupunki February 27, 2017
PLC UUTECHNIC GROUP OYJ
The Board of Directors
Uutechnic Group is focused on improving the competitiveness of its customers by
providing them advanced equipment technology and unique service concept
worldwide. The product range includes agitators, different types of pressure
vessels, process- and storage tanks, reactors and heat exchangers. Additionally
different types of long welded and machined axially symmetrical parts as rolls,
cylinders, tubes and cones.
The main industries are hydrometallurgy, mining-, pulp and paper-, food-,
fertilizer-, other chemical industries and environmental technology.
Plc Uutechnic Group’s subsidiaries are AP-Tela Oy, Japrotek Oy Ab, Uutechnic Oy
and Stelzer Rührtechnik International GmbH.
Further information:
Jouko Peräaho, chairman of the Board of Directors +358 500 740 808
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