Suomen Hoivatilat Oyj Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Earnings Guidance for the Full Year of Fiscal 2018
For the full year, the company announced revenue was EUR 12,372,792 compared to EUR 7,414,028 for the same period a year ago. Operating profit was EUR 33,317,058 compared to EUR 19,303,688 for the same period a year ago. Profit before taxes was EUR 31,917,921 compared to EUR 18,438,498 for the same period a year ago. Profit for the financial year was EUR 25,504,147 compared to EUR 14,697,393 for the same period a year ago. Earnings per share adjusted with the dilution effect were EUR 1.04 compared to EUR 0.75 for the same period a year ago. Net cash flow from operations was EUR 6,174,284 compared to EUR 2,881,858 for the same period a year ago. Investments in property, plant, and equipment were EUR 65,802,386 compared to EUR 46,920,160 for the same period a year ago. Investments in intangible assets were EUR 5,005 compared to EUR 4,350 for the same period a year ago. Return on equity was 25.0% compared to 24.5% for the same period a year ago.
The company expects its total revenue to reach at least EUR 17.5 million in 2018. The operating profit is expected to amount to approximately 40% of the revenue. The fair value of investment properties is expected to be at least EUR 340 million at the end of 2018.