Share financial information and dividend policy

   2016 2015 2014 2013 2012
Number of shares ('000) 32,375  32,375 32,375 30,757 30,757
Closing price (EUR) 1.33 1.05 1.06 1.05 1.16
EPS (EUR) 0.10 0.01 0.06 0.15 0.05
P/E 13.3 180.4 16.7 7.0  23.2
Book value of share (EUR) 1.1 1.1  1.1  1.1  0.9
P/B 1.1 0.9 0.9  1.0  1.3
DPS (EUR) 0.03 0.03 0.03 - -
Dividends paid (tEUR) 923 923 923 - -
Dividend payout ratio 516.6% 47.2%  19.9% 0% 0%

 

 

 

 

 

Dividend policy is determined by reference to:
- The dividend expectations of the ultimate controlling party AS Nordic Contractors;
- The overall rate of return on the Estonian securities market;
- The optimal ratio and volume of debt and equity capital that is required for the Group’s profitable growth and sustainable development.

Glossary:
Number of shares = shares issued as at the end of financial year
Closing price = closing share price as at the last trading day of the year
EPS = net profit attributable to equity holders of the parent company/weighted average number of shares issued during the year
P/E = closing price/EPS
Book value of share = equity attributable to shareholders of the parent/number of shares issued
P/B = closing price/book value of share
DPS = dividend declared and paid per share
Dividend payout ratio = dividends paid during financial year/net profit attributable to equity holders of the parent