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.