Annual Report 2002 - Fiskars Corporation

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40Five Years in Figures2002 2001 2000 1999 1998Net sales M€ 725 762 824 665 562of which outside Finland M€ 688 726 785 630 528in per cent of net sales % 94.9 95.2 95.3 94.8 93.9Percentage change of net sales % –4.8 –7.5 23.9 18.2 17.7Profit before depreciation and amortization M€ 71 54 70 81 84in per cent of net sales % 9.7 7.1 8.4 12.2 14.9Operating profit M€ 28 12 28 49 58in per cent of net sales % 3.8 1.6 3.4 7.3 10.3Financial net M€ 44 24 11 12 –9in per cent of net sales % 6.1 3.1 1.3 1.8 1.6Profit before taxes M€ 72 36 39 61 49in per cent of net sales % 9.9 4.7 4.7 9.1 8.7Taxes M€ 23 13 13 21 19Profit for the financial year M€ 50 23 26 40 30in per cent of net sales % 6.8 3.0 3.2 6.0 5.4Capital expenditure (incl. acquisitions) M€ 35 40 104 173 46in per cent of net sales % 4.9 5.2 12.6 26.1 8.2Research and development costs M€ 5 6 9 7 6in per cent of net sales % 0.7 0.8 1.0 1.1 1.1Equity M€ 429 407 397 383 347Interest bearing debt M€ 266 400 492 383 219Non-interest bearing debt M€ 115 122 128 114 84Balance sheet total M€ 809 929 1 016 879 649Return on investment % 12 8 9 12 12Return on equity % 12 6 7 11 9Equity ratio % 53 44 39 44 53Persons employed, average 4 095 4 489 5 340 5 621 4 854Persons employed, Dec. 31 4 206 4 556 5 337 5 657 4 993of which outside Finland 3 298 3 731 4 501 4 876 4 230FORMULAS FOR CALCULATION OF RATIOSReturn on investment in per cent =Return on equity in per cent =Equity ratio in per cent =Earnings per share =Dividend per earnings in per cent =Dividend per share =Price per earnings =Equity per share =Dividend yield in per cent =Adjusted average share price =Earnings before extraordinary items + interest and other financial expenseBalance sheet total - non-interest bearing debt(average of beginning and end of year amounts)Earnings before extraordinaryl items - taxesx 100Equity + minority shareholders’ equity(average of beginning and end of year amounts)Equity + minority shareholders’ equityx 100Balance sheet totalEarnings before extraordinary items - minority interest - taxesAdjusted average number of sharesDividend paidx 100Earnings (calculated as in Earnings per share)Dividend paidAdjusted number of shares Dec. 31Adjusted market quotation Dec. 31Earnings per shareEquityAdjusted number of shares Dec. 31Dividend per sharex 100Adjusted quotation Dec. 31Value of shares traded during the periodAdjusted number of shares traded during the periodx 100
Information on Fiskars Shares412002 2001 2000 1999 1998Share capital M€ 55.4 55.4 55.4 55.4 37.1Earnings per share € 0.90 0.41 0.46 0.73 0.55– incl. extraordinary income € 0.90 0.41 0.46 0.73 0.55Nominal dividend per share €/A-share 0.70 0.31 0.31 0.31 0.39€/K-share 0.68 0.29 0.29 0.29 0.37Dividend, million M€ 38.4*) 16.8 16.8 16.8 16.8Adjusted dividend per share €/A-share 0.70 0.31 0.31 0.31 0.31€/K-share 0.68 0.29 0.29 0.29 0.29Equity per share € 7.75 7.35 7.17 6.92 6.28Adjusted average price per share €/A-share 8.61 7.71 9.32 11.38 15.85€/K-share 8.23 7.93 9.31 10.95 16.31Adjusted lowest price per share €/A-share 6.90 6.13 6.90 9.50 12.24€/K-share 7.51 6.20 7.01 10.00 12.93Adjusted highest price per share €/A-share 9.60 9.00 13.00 16.00 18.97€/K-share 9.65 9.50 13.49 16.65 18.51Adjusted price per share, Dec. 31 €/A-share 7.80 8.50 7.40 13.00 13.86€/K-share 8.10 8.00 7.50 13.00 14.70Market value of shares M€ A-shares 306.1 333.6 290.4 510.2 541.5M€ K-shares 130.6 128.9 120.9 209.5 236.9Total, M€ 436.7 462.5 411.3 719.7 778.5Number of shares (unadjusted), 1000 A-shares 39 246.1 39 246.1 39 246.1 39 246.1 28 037.2K-shares 16 118.4 16 118.4 16 118.4 16 118.4 16 118.4Total 55 364.4 55 364.4 55 364.4 55 364.4 44 155.6Adjusted number of shares, 1000 A-shares 39 246.1 39 246.1 39 246.1 39 246.1 39 076.1K-shares 16 118.4 16 118.4 16 118.4 16 118.4 16 118.4Total 55 364.4 55 364.4 55 364.4 55 364.4 55 194.5Adjusted average number of shares, 1000 A-shares 39 246.1 39 246.1 39 246.1 39 097.5 38 990.9K-shares 16 118.4 16 118.4 16 118.4 16 118.4 16 118.4Total 55 364.4 55 364.4 55 364.4 55 215.9 55 109.3Number of shares traded, 1000 A-share 3 942.5 1 263.3 3 830.6 3 866.7 4 457.5in % of total 10.0 3.2 9.8 9.9 11.4K-share 1 303.2 46.9 501.9 2 414.6 1 268.8in % of total 8.1 0.3 3.1 15.0 7.9Price per earnings A-share 9 21 16 18 25K-share 9 20 16 18 26Dividend per earnings in per cent 77.4 74.4 65.6 42.2 55.2Dividend yield in per cent A-share 9.0 3.6 4.2 2.4 2.2K-share 8.4 3.6 3.9 2.2 2.0Number of shareholders 3 948 3 402 3 353 3 020 2 476*) Board proposal
Page 1: Annual Report 2002
Page 4: 2Awarded productsHEDGE SHEARiF Desi
Page 7: PRESIDENT’ S REVIEW5trial product
Page 11 and 12: FISKARS BRANDS9Honest design“Appe
Page 13 and 14: FISKARS BRANDS11website (teachers.f
Page 15 and 16: INHA WORKS13Designing for successTh
Page 17 and 18: REAL ESTATE GROUP15Creativity is de
Page 19 and 20: 172002FINANCIALSTATEMENTS18 Report
Page 21 and 22: REPORT BY THE BOARD OF DIRECTORS19I
Page 23 and 24: 21Net sales by business area1.1.-31
Page 25 and 26: Consolidated Balance Sheet23Dec. 31
Page 27 and 28: Statement of Changes in Consolidate
Page 29 and 30: Notes to the Financial Statements27
Page 31 and 32: 29Balance sheet, assets (currency d
Page 33 and 34: 31CONSOLIDATED PARENT COMPANY2002 2
Page 40 and 41: 38NOTES TO THE FINANCIAL STATEMENTS
Page 44 and 45: 42Other Information on Shares and S
Page 46 and 47: 44Parent Company Income Statement20
Page 48 and 49: 46Proposal by the Board of Director
Page 50 and 51: 48AddressesManufacturing and SalesC

Annual Report 2002 - Fiskars Corporation

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