Kotipizza Group Oyj announced unaudited consolidated earnings results for the fourth quarter and year ended January 31, 2018. For the quarter, the company reported net sales of EUR 21,894,000 compared to EUR 18,407,000 a year ago. Operating profit was EUR 1,403,000 compared to EUR 1,098,000 a year ago. Profit before taxes was EUR 1,331,000 compared to EUR 904,000 a year ago. Profit for the period was EUR 943,000 or EUR 0.15 per basic and diluted share compared to EUR 666,000 or EUR 0.10 per basic and diluted a year ago. EBITDA was EUR 1,745,000 against EUR 1,338,000 a year ago. EBIT was EUR 1,403,000 compared to EUR 1,098,000 a year ago.

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.