Mar 09, 2011. /Lesprom Network/. In 2010, the general economic conditions in all of Dynea’s key markets improved, which had a positive impact on demand. Dynea’s sales increased to Euro 708 million in 2010 from Euro 526.9 million in 2009, as the company said in a press release received by Lesprom Network. Dynea’s sales prices are linked to raw material prices, which in turn are dependant on commodity prices and general economic conditions. Due to raw material prices increasing steadily during the whole year, sales rose by 34%, while volumes grew by 14%. In 2010, Dynea’s operating result turned to a Euro 17 million profit from a Euro 46 million loss a year earlier. The operating profit in 2010 comprises a Euro 1.7 million loss on disposal of a joint venture. The operating result in 2009 includes an impairment write-down amounting to Euro 49.9 million. As a result of increased sales volumes and higher raw material prices, a substantial amount of working capital was tied up, and net cash provided by operating activities decreased to Euro 15.1 million (Euro 27.6 million in 2009). Net debt, taking into account loans receivable, rose to Euro 162.2 million from Euro 157.2 million in 2009. The equity ratio rose to 30% and net gearing was 99%. “We expect the market situation in Europe to improve, albeit slowly. In Asia Pacific, the growth is estimated to remain stable. We are excited about our new investment in China and the Nanjing plant is expected to go on-stream during 2011. This will further strengthen our position in this growing market. Altogether we predict an improvement in our results also in 2011,” comments Dynea’s acting President Nina Kopola. Dynea is a world-leader leader in creating high value adhesion and surfacing solutions for the wood processing and construction industries as well as for selected industrial applications. The company has 36 production plants and some 2100 employees in 23 countries in Europe, the Asia Pacific region and Brazil.