Key Figures

x € mln	2011	2010	2009	2008	2007
Income	343.3	345.9	415.4	447.5	485.0
Value-added	165.8	166.1	192.6	212.9	230.9
EBITDA	26.7	19.2	-2.8	37.2	40.9
EBIT	3.1	-23.9	-33.0	5.8	6.3
Financing costs	-3.7	-4.2	-3.7	-4.3	-3.7
Result associates	0.0	0.0	0.0	0.0	3.7
Result before taxation	-0.5	-28.1	-36.7	1.5	6.3
Income tax	-0.2	5.5	9.2	-0.2	-0.9
Result discontinued operating activities	0.0	0.0	0.0	0.0	0.0
Net Result	-0.7	-22.5	-27.5	1.3	5.4
Balance
Fixed assets	150.8	155.6	172.6	179.7	188.6
Current assets	66.5	73.5	89.3	108.9	115.2
Total assets	217.3	229.1	261.9	288.6	303.8
Group equity	81.4	79.1	102.7	130.4	135.2
Long-term liabilities	33.7	38.4	35.7	53.8	55.6
Current liabilities	102.2	111.6	123.4	104.4	113.0
Total liabilities	217.3	229.1	261.9	288.6	303.8
Cashflow
Cashflow from operational activities	14.5	-4.6	29.1	13.3	50.4
Net investments	8.9	16.1	23.6	23.0	30.2
Ratio’s
EBITDA/Income	7.8%	5.6%	-0.7%	8.3%	8.4%
EBITDA/Added Value	16.1%	11.6%	-1.5%	17.5%	17.7%
Return on Capital Employed	2.7%	-18.7%	-20.5%	3.1%	3.2%
Value-added/kton (x € 1)	454	466	492	511	547
Production costs/kton (x € 1) *)	385	457	443	422	459
Net debt/EBITDA	2.9	4.4	-23.0	1.9	1.4
EBITDA/intrest charges	7.3	4.6	-0.8	8.6	11.0
Solvency	37.4%	34.5%	39.2%	45.2%	44.5%
Figures per average share x € 1
Cashflow from operational activities	4.4	-1.4	8.8	4.0	15.3
Nett result	-0.2	-6.9	-8.3	0.4	1.7
Equity	24.7	24.0	31.2	39.6	41.1
Shareprice high	13.4	14.0	18.0	38.4	44.5
Shareprice low	5.5	9.0	10.0	14.2	30.5
Others
Number of full time equivalents	1.590	1,616	1,962	2,189	2,257