Digia Oyj Announces Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year 2018
For the six months, the company reported net sales of EUR 55,741,000 compared to EUR 46,548,000 a year ago. Operating profit was EUR 3,531,000 compared to EUR 1,427,000 a year ago. Earnings before tax was EUR 3,244,000 compared to EUR 1,166,000 a year ago. Result for the period was EUR 2,593,000 compared to EUR 947,000 a year ago. Return on equity was 11.6% against 4.9% a year ago. Return on investment was 11.8% against 5.0% a year ago. Earnings per share were EUR 0.10 against EUR 0.05 a year ago. Cash flow used in operations was EUR 1,186,000 compared to cash flow from operations of EUR 2,646,000 a year ago. Purchases of tangible and intangible assets were EUR 490,000 compared to EUR 1,216,000 million a year ago.
The company's profit guidance for 2018 remains unchanged, net sales will continue to grow and operating profit will improve significantly compared to 2017.