Key Financial Ratios by Fiscal Year

Aspo Group	2017	2016	2015	2014	2013	2012	2011	2010
Aspo Group	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS	IFRS
Net sales, MEUR	502.4	457.4	445.8	482.9	476.3	481.6	476.3	395.9
ESL Shipping	79.3	71.4	76.2	85.2	77.8	72.3	93.1	79.5
Leipurin	122.3	112.7	117.8	134.9	136.3	131.1	128.2	108.7
Telko	262.2	240.3	215.3	226.8	230.2	237.7	211.6	175.2
Kauko	38.6	33.0	36.5	36.0	32.0	40.5	43.4	32.5
Other
Operating profit, MEUR	23.1	20.4	20.6	23.4	10.8	10.6	21.5	17.9
ESL Shipping	13.5	12.6	14.7	16.0	7.6	3.7	10.5	11.5
Leipurin	3.1	2.0	2.4	4.4	5.2	4.0	5.7	3.6
Telko	10.8	10.1	10.4	9.9	5.8	8.4	8.6	6.8
Kauko	-0.2	-0.1	-1.2	0.1	-3.6	-0.6	1.4	0.6
Other	-4.1	-4.2	-5.7	-7.0	-4.2	-4.9	-4.7	-4.6
Operating profit, % of net sales	4.6	4.5	4.6	4.8	2.3	2.2	4.5	4.5
ESL Shipping	17.0	17.6	19.3	18.8	9.8	5.1	11.3	14.5
Leipurin	2.5	1.8	2.0	3.3	3.8	3.1	4.4	3.3
Telko	4.1	4.2	4.8	4.4	2.5	3.5	4.1	3.9
Kauko	-0.5	-0.3	-3.3	0.3	-11.3	-1.5	3.2	1.8
Other
Profit before taxes and non-controlling interest, MEUR	21.1	17.3	21.3	19.0	6.6	7.4	17.4	14.1
% of net sales	4.2	3.8	4.8	3.9	1.4	1.5	3.7	3.6
Profit for the period, MEUR	19.4	15.9	19.8	18.4	8.6	10.8	13.3	10.4
% of net sales	3.9	3.5	4.4	3.8	1.8	2.2	2.8	2.6
Personnel at the year-end	909	895	857	879	869	871	814	712
ESL Shipping	235	226	223	226	210	219	211	183
Leipurin	315	322	299	297	300	281	275	226
Telko	288	280	265	258	249	265	230	199
Kauko	46	42	46	69	80	94	85	91
Other	25	25	24	29	30	12	13	13
Return on equity, % (ROE)	17.1	14.6	19.1	17.8	8.9	11.8	16.4	15.2
Return on investment, % (ROI)	9.9	8.7	11.2	9.9	4.6	5.4	12.5	12.7
Equity ratio, %	35.6	37.4	33.8	35.2	34.4	29.2	35.2	33.2
Gearing	103.9	89.8	101.4	101.0	98.2	131.6	94.1	101.5
Gross investment	18.0	6.9	15.1	18.7	4.9	30.5	42.7	13.2
% of net sales	3.6	1.5	3.4	3.9	1.0	6.3	9.0	3.3

Updated: 05.03.2018