The Group’s operating results are summarised in the following figures and ratios:
|
Key figures and ratios |
31.03.2010 |
31.03.2009 |
Change |
|
Net sales from continuing operations (EUR thousand) |
20,067 |
15,957 |
4,110 |
|
Net profit from continuing operations, attributable to owners of the Company (EUR thousand) |
2,472 |
-1,940 |
4,412 |
|
Earnings before interest, taxes and depreciation (EBITDA) from continuing operations (EUR thousand) |
3,292 |
531 |
2,761 |
|
Earnings before interest and taxes (EBIT) from continuing operations (EUR thousand) |
2,845 |
-72 |
2,917 |
|
Operating margin from continuing operations, % |
14.2% |
-0.5% |
- |
|
Net margin from continuing operations attributable to owners of the Company,% |
12.3% |
-12.2% |
- |
|
ROA, % |
4.4% |
-3.4% |
- |
|
ROE, % |
7.6% |
-6.6% |
- |
|
Earnings per share (EPS), in EUR |
0.06 |
-0.06 |
- |
|
Current ratio |
2.9 |
2.0 |
- |
|
Quick ratio |
1.7 |
1.0 |
- |
Underlying formulas:
Operating margin from continuing operations = operating profit from continuing operations / sales revenue
Net margin from continuing operations = net profit from continuing operations attributable to owners of the Company / sales revenue
ROA (return on assets) = net profit attributable to owners of the Company/ average total assets
ROE (return on equity) = net profit attributable to owners of the Company/ average equity attributable to equity holders of the Company
EPS (earnings per share) = net profit attributable to owners of the Company/ weighted average number of ordinary shares
Current ratio = current assets / current liabilities
Quick ratio = (current assets – inventories) / current liabilities
Sales by business segments
|
|
Q1 2010 EUR thousand |
Q1 2009 EUR thousand |
Change EUR thousand |
Q1 2010 percentage from sales |
Q1 2009 percentage from sales |
|
Wholesale |
16,345 |
11,554 |
4,791 |
81.5% |
72.4% |
|
Retail |
3,593 |
4,283 |
-690 |
17.9% |
26.8% |
|
Other operations |
129 |
120 |
9 |
0.6% |
0.8% |
|
Total |
20,067 |
15,957 |
4,110 |
100.0% |
100.0% |
Sales by markets
|
|
Q1 2010 EUR thousand |
Q1 2009 EUR thousand |
Change EUR thousand |
Q1 2010 percentage from sales |
Q1 2009 percentage from sales |
|
Russia |
12,066 |
9,082 |
2,984 |
60.1% |
56.9% |
|
Belarus |
4,883 |
4,520 |
363 |
24.3% |
28.3% |
|
Baltics |
1,446 |
876 |
570 |
7.2% |
5.5% |
|
Ukraine |
829 |
725 |
104 |
4.1% |
4.5% |
|
Other markets |
843 |
754 |
89 |
4.3% |
4.8% |
|
Total |
20,067 |
15,957 |
4,110 |
100.0% |
100.0% |
Investment
In Q1 2010, the Group’s investments totalled EEK 3,099 thousand (EUR 198 thousand) with investments into retail amounting to EEK 1,314 thousand (EUR 84 thousand). Other investments were made in equipment and facilities to maintain effective production.
Personnel
As of 31 March 2010, the Group employed 3,103 employees including 419 in retail and 2,004 in production. The rest were employed in wholesale, administration and support operations. The average number of employees in Q1 2010 was 3,065.