Ilkka Yhtyma Oyj Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Full Year 2017
February 20, 2017 at 08:00 am EST
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Ilkka Yhtyma Oyj announced consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net sales of EUR 10,312,000 compared with EUR 10,711,000 for the same period a year ago. Operating profit was EUR 2,026,000 compared with EUR 1,299,000 for the same period a year ago. Profit before tax was EUR 2,363,000 compared with loss before tax of EUR 2,444,000 for the same period a year ago. Profit for the period was EUR 2,156,000 or EUR 0.08 per undiluted share compared with loss for the period of EUR 2,669,000 or EUR 0.10 per undiluted share for the same period a year ago. Adjusted operating profit from the Group's own operations was EUR 732,000 compared with loss before tax of EUR 1,356,000 for the same period a year ago.
For the full year, the company reported net sales of EUR 39,698,000 compared with EUR 41,172,000 for the same period a year ago. Operating profit was EUR 7,754,000 compared with EUR 8,998,000 for the same period a year ago. Profit before tax was EUR 6,535,000 compared with EUR 4,479,000 for the same period a year ago. Profit for the period was EUR 6,207,000 or EUR 0.24 per undiluted share compared with EUR 3,607,000 or EUR 0.14 per undiluted share for the same period a year ago. Cash flow from operations was EUR 1,995,000 compared with EUR 4,201,000 for the same period a year ago. Investments in tangible and intangible assets were EUR 810,000 compared with EUR 590,000 for the same period a year ago. Return on equity was 9.1% against 5.5% a year ago. Adjusted operating profit was EUR 3.0 million against EUR 4.6 million a year ago. Gross capital expenditure was EUR 1 million against EUR 0.6 million a year ago.
For 2017, the group's net sales and adjusted operating profit from the group's own operations are expected to remain at the same level as in 2016.
Ilkka Yhtyma Oyj is a Finland-based company engaged in the provision of printing and publishing services. The Company operates through three segments: Publishing, Printing, and Associated companies. The Publishing segment comprises the activities of subsidiary I-Mediat Oy, responsible for publishing regional (Ilkka and Pohjalainen) and local newspapers (Viiskunta, Komiat, Jarviseutu, Suupohjan Sanomat and Jurvan Sanomat), as well as free sheets (Vaasan Ikkuna and Etela-Pohjanmaa). The segment also covers online and mobile services, as well as marketing and communications services, including influencer marketing portal somessa.com. The Printing segment comprises the activities of I-print Oy, which offers newspaper printing, as well as other digital and specialty printing products and services, including sheet printing, brochure folding, large format prints and label printing, among others. The Company also includes a property subsidiary, Kiinteisto Oy Seinjoen Koulukatu 10.
Ilkka Yhtyma Oyj Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Full Year 2017