Annual Report 2010 - Outokumpu

192
Operating profit
Profitability
€ million 2010 2009 2008
Operating profit
General Stainless 14 -259 -6
Specialty Stainless -76 -149 -101
Other operations -15 -34 33
Intra-group items -7 1 6
Operating profit -83 -441 -68
Share of results in associated companies -10 -13 -4
Financial income and expenses -50 -25 -69
Profit before taxes -143 -479 -141
Income taxes 19 143 24
Net profit, discontinued operations - - -72
Net profit for the financial year -124 -336 -189
Operating profit margin, % -2.0 -16.7 -1.2
Return on capital employed, % -2.1 -11.7 -1.7
Outokumpu Annual Report 2010 – Financial Statements – Review by the Board of Directors for 2010