H3-FH18A neupex coupling catalogue Helical gear unit H3

Flender/Flender Gear Units/Helical gear unit H3

erating activities / Average number of shares of DKK 1 nominal value. Equity value per share: Shareholders equity (year end) / Number of shares of DKK 1 nominal value (year end). () The key figures are calculated in accordance with Den Danske Finansanalytikerforenings (The association of Danish Financial Analysts) guidelines for the calculation of keyfigures.As regards the option scheme, no adjusted key figure calculations have been made asthe option scheme amounts to less than 2 percent of the total number of shares issued. () Not defined by Den Danske Finansanalytikerforening.() Operative assets comprise total assets less cash at bank and in hand as well as partici- pating interests in associated undertakings. () Working capital comprises total liabilities less non-interest liabilities. 5[Result] An acceptable result and valuable consolidation In 2, NEG Micon generated turnover of DKK 4 billion, with profit before tax andminority interests of DKK 6 million. This is considered an acceptable result, and it lives up to the forecast of profits before tax ofDKK 5-1 million stated in connection withthe publication of the annual accounts for1.The result is also acceptable because it was generated on the basis of turnover that waslower than expected, primarily on account ofthe Spanish market, where number of majorprojects had to be postponed due to delays inapprovals and grid connections. NEG Micon maintained its market shares of the core markets of Denmark and Germany. 6Both turnover and profits in 2 were af- fected by the fact that NEG Micon chose tofocus internally through consolidation andthe turnaround of the company initiatedtowards the end of 1. The result for 2shows that this process has produced positiveeffects in wide range of areas. During the second half of 2, the company achieved profits of DKK 1 million before taxand minority interests. This produced an EBITmargin of 7 per cent for the second half ofthe year, which illustrates the Groups abilityto ma