Kotipizza Group Oyj Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended January 31, 2018; Provides Earnings Guidance for the Year 2019
For the year, the company reported net sales of EUR 84,089,000 compared to EUR 68,737,000 a year ago. Operating profit was EUR 6,421,000 compared to EUR 5,246,000 a year ago. Profit before taxes was EUR 5,731,000 compared to EUR 4,469,000 a year ago. Profit for the period was EUR 4,479,000 or EUR 0.71 per diluted compared to EUR 3,464,000 or EUR 0.55 per diluted a year ago. Net cash flows from operating activities were EUR 5,179,000 compared to EUR 5,278,000 a year ago. Investments for tangible assets were EUR 37,000 compared to EUR 121,000 a year ago. Investments for non-tangible assets were EUR 590,000 compared to EUR 728,000 a year ago. EBIT was EUR 6,421,000 compared to EUR 5,246,000 a year ago. EBITDA was EUR 7,781,000 against EUR 4,187,000 a year ago. Net debt was EUR 7,799,000 compared to EUR 7,344,000 a year ago.
The company provided earnings guidance for the year 2019. The Group estimates for the full financial year started 1 February 2018 that the total chain sales of its restaurant concepts will be approximately EUR 120 million and that comparable EBITDA will increase as compared to previous year.