Key figures

2018/19 2017/18 +/-
%
2016/17
Sales volumes
Electricity generation volumes GWh 5,594 5,526 1.2 6,059
     thereof from renewable energy GWh 2,315 2,213 4.6 2,093
Electricity sales volumes to end customers GWh 19,924 18,413 8.2 18,544
Natural gas sales volumes to end customers GWh 5,083 5,178 –1.8 5,744
Heat sales volumes to end customers GWh 2,196 2,219 –1.0 2,293
Consolidated statement of operations
Revenue1) EURm 2,204.0 2,078.7 6.0 2,215.6
EBITDA EURm 631.7 671.8 –6.0 721.6
EBITDA margin1) 2) % 28.7 32.3 –3.7 32.6
Results from operating activities (EBIT) EURm 403.5 392.9 2.7 346.9
EBIT margin1) 2) % 18.3 18.9 –0.6 15.7
Result before income tax EURm 373.5 355.7 5.0 325.5
Group net result EURm 302.4 254.6 18.8 251.0
Consolidated statement of financial position
Balance sheet total EURm 8,188.6 7,831.1 4.6 6,454.9
Equity EURm 4,552.1 4,092.6 11.2 3,150.1
Equity ratio2) % 55.6 52.3 3.3 48.8
Net debt EURm 999.5 963.7 3.7 1,213.2
Gearing2) % 22.0 23.5 –1.6 38.5
Return on equity (ROE)2) % 7.6 7.7 –0.2 9.2
Consolidated cash flow and investments
Net cash flow from operating activities EURm 429.7 603.5 –28.8 508.9
Investments3) EURm 391.4 356.4 9.8 303.8
Net debt coverage (FFO)2) % 50.9 69.0 –18.2 48.7
Interest cover (FFO) x 11.7 14.4 –18.9 10.1
Value added
Net operating profit after tax (NOPAT) EURm 216.3 314.8 –31.3 425.7
Capital employed4) EURm 4,135.4 4,094.2 1.0 4,173.5
Operating return on capital employed (OpROCE)2) % 5.2 7.7 –2.5 10.2
Weighted average cost of capital (WACC)2) 5) % 6.3 6.3 6.3
Economic value added (EVA®)6) EURm –42.1 58.9 164.8
Share
Earnings EUR 1.70 1.43 18.7 1.41
Dividend EUR 0.47 + 0.037) 0.44 + 0.037) 6.4 0.44 + 0.037)
Dividend yield2) % 3.1 2.8 0.3 3.6
Share performance
Share price at 30 September EUR 16.14 16.88 –4.4 13.22
Highest price EUR 17.28 18.00 –4.0 13.40
Lowest price EUR 12.16 13.07 –7.0 10.47
Market capitalisation at 30 September EURm 2,903 3,036 –4.4 2,377
Credit rating
Moody’s A1, stable A2, positive A2, stable
Standard & Poor‘s A, stable A–, stable A–, stable
2018/19 2017/18 2016/17
Employees
Number of employees on a full-time equivalent basis (FTE)Ø 6,908 6,831 6,840
Number of employees as of 30 September (headcount)number 7,327 7,200 7,181
    thereof womennumber 1,686 1,664 1,674
    thereof mennumber 5,641 5,536 5,507
Proportion of women% 23.0 23.1 23.3
Employee fluctuation% 3.4 1.9 2.6
Training hours per employeehrs. 34.1 33.8 31.3
Number of occupational accidents1) 2)number 85 100 89
Environment
Direct greenhouse gas emissions (Scope 1)2)t CO2e 2,726,185 2,573,847 2,839,782
Specific greenhouse gas emissions (Scope 1)2)t CO2e/GWh 310.80 291.62 301.82
NOx emissionst 1,979 2,353 2,497
Hazardous waste and residual materials3)t 19,604 19,348 11,524
Water consumption4)m m3 32.2 32.7 31.5

Equity, net debt and gearing

Cash flow and investments

Revenue, EBITDA and EBITDA margin

Employees by region

Y