Key figures
Financial Statements Release 1 January to 31 December 2023
Key figures |
10-12/2023 |
10-12/2022 |
1-12/2023 |
1-12/2022 |
Net sales, M€ |
313.2 |
327.6 |
1,224.1 |
1,107.0 |
Comparable EBITDA, MEUR* |
64.0 |
45.1 |
251.0 |
169.2 |
% of net sales |
20.4 |
13.8 |
20.5 |
15.3 |
Operating result (EBIT), MEUR |
21.9 |
-19.9 |
81.5 |
-58.4 |
% of net sales |
7.0 |
-6.1 |
6.7 |
-5.3 |
Comparable operating result (EBIT), MEUR* |
16.7 |
0.1 |
59.9 |
6.0 |
% of net sales |
5.3 |
— |
4.9 |
0.5 |
Net profit/loss for the period, MEUR |
14.9 |
-23.8 |
52.4 |
-47.4 |
Cash flow from operating activities, MEUR |
53.7 |
76.2 |
203.8 |
179.9 |
Investments, MEUR |
65.8 |
95.7 |
186.9 |
219.8 |
Capital invested at the end of the period, MEUR |
1,823.6 |
1,862.5 |
1,823.6 |
1,862.5 |
Return on capital employed (ROCE), % |
5.8 |
-5.3 |
5.2 |
-1.6 |
Comparable return on capital employed, % |
4.6 |
-0.9 |
4.0 |
2.0 |
Return on equity (ROE), % |
4.8 |
-7.4 |
4.2 |
-3.7 |
Net interest-bearing debt at the end of the period, MEUR |
330.8 |
341.9 |
330.8 |
341.9 |
Gearing, % |
26.1 |
27.4 |
26.1 |
27.4 |
Headcount at end of period |
9,110 |
9,113 |
9,110 |
9,113 |
Employees on average at end of period |
7,765 |
7,821 |
7,765 |
7,821 |
* VR Group presents comparable EBITDA and comparable operating result (EBIT) as an alternative performance indicators. The aim of comparable performance indicators is to improve comparability between reporting periods. |
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Comparable EBITDA uses same definitions of items affecting comparability as comparable EBIT. The calculation formulas for the figures are disclosed in VR Group’s Annual Report for 2022. |
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The figures are unaudited. |
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The comparative figures in brackets refer to the corresponding time period in the previous year, unless otherwise stated. |
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VR Group acquired the Swedish bus and rail operator Arriva Sverige. The transaction was completed on 1 July 2022 and the company’s name was changed to VR Sverige AB. |
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The average number of personnel is the average number of personnel for the last month of the reporting period as FTE. |