Financial review


The full year Group EBIT from continuing operations was EUR 134 million (EUR 112 million, including EUR 4 million non-recurring charges) corresponding to an EBIT margin of 6.9% (6.1%).

The net financial items from continuing operations were EUR -14 million (EUR -26 million). The decrease in net financial items is mainly due to reduced debt. Tax expense for the year from continuing operations was EUR 16 million (EUR 19 million). The lower tax expense was mainly resulting from a tax refund in Germany and expiration of certain potential tax liabilities earlier provided for. Full year corresponding tax rate was 13% (22%).

The full year result from continuing operations was EUR 105 million (EUR 67 million, including EUR 4 million non-recurring charges) and the earnings per share (EPS) from continuing operations were EUR 0.92 (EUR 0.57). The full year result, including discontinued operations, was EUR 115 million (EUR 74 million, including EUR 14 million non-recurring charges) and the EPS were EUR 1.02 (EUR 0.63). The result includes EUR 2 million non-recurring charges related to the sale of European Rigid Consumer Goods Plastics operations.

The average number of outstanding shares used in the EPS calculations was 101,185,001 (100,539,283) excluding 4,826,089 (5,061,089) of the Company’s own shares.