Key figures

Financial Statements Release 1 January to 31 December 2023

Key figures	10-12/2023	10-12/2022	1-12/2023	1-12/2022
Net sales, M€	313.2	327.6	1,224.1	1,107.0
Comparable EBITDA, MEUR*	64.0	45.1	251.0	169.2
% of net sales	*20.4*	13.8	*20.5*	15.3
Operating result (EBIT), MEUR	21.9	-19.9	81.5	-58.4
% of net sales	*7.0*	-6.1	*6.7*	-5.3
Comparable operating result (EBIT), MEUR*	16.7	0.1	59.9	6.0
% of net sales	*5.3*	—	*4.9*	0.5
Net profit/loss for the period, MEUR	14.9	-23.8	52.4	-47.4
Cash flow from operating activities, MEUR	53.7	76.2	203.8	179.9
Investments, MEUR	65.8	95.7	186.9	219.8
Capital invested at the end of the period, MEUR	1,823.6	1,862.5	1,823.6	1,862.5
Return on capital employed (ROCE), %	5.8	-5.3	5.2	-1.6
Comparable return on capital employed, %	4.6	-0.9	4.0	2.0
Return on equity (ROE), %	4.8	-7.4	4.2	-3.7
Net interest-bearing debt at the end of the period, MEUR	330.8	341.9	330.8	341.9
Gearing, %	26.1	27.4	26.1	27.4
Headcount at end of period	9,110	9,113	9,110	9,113
Employees on average at end of period	7,765	7,821	7,765	7,821
* VR Group presents comparable EBITDA and comparable operating result (EBIT) as an alternative performance indicators. The aim of comparable performance indicators is to improve comparability between reporting periods.
Comparable EBITDA uses same definitions of items affecting comparability as comparable EBIT. The calculation formulas for the figures are disclosed in VR Group’s Annual Report for 2022.
The figures are unaudited.
The comparative figures in brackets refer to the corresponding time period in the previous year, unless otherwise stated.
VR Group acquired the Swedish bus and rail operator Arriva Sverige. The transaction was completed on 1 July 2022 and the company’s name was changed to VR Sverige AB.
The average number of personnel is the average number of personnel for the last month of the reporting period as FTE.