Kotipizza Group Oyj announced consolidated earnings results for the first quarter ended 30 April 2018. For the quarter, the company reported net sales of EUR 21,530,000 against EUR 19,225,000 for the same period a year ago. Operating profit was EUR 1,490,000 against EUR 1,269,000 for the same period a year ago. Profit before taxes was EUR 1,551,000 against EUR 1,086,000 for the same period a year ago. Profit was EUR 1,276,000 against EUR 839,000 for the same period a year ago. Basic profit for the period attributable to ordinary equity holders of the parent (no dilutive instruments) was EUR 0.20 against EUR 0.13 for the same period a year ago. Net cash flows from operating activities were EUR 1,348,000 against EUR 1,348,000 for the same period a year ago. Investments for tangible assets were EUR 50,000 against EUR 20,000 for the same period a year ago. Investments for non-tangible assets were EUR 427,000 against EUR 506,000 for the same period a year ago. EBITDA was EUR 1,838,000 against EUR 1,565,000 for the same period a year ago. EBIT was EUR 1,490,000 against EUR 1,269,000 for the same period a year ago. Net debt as on 30 April 2018 was EUR 6,607,000 against EUR 7,263,000 as on April 30, 2017.

The company provided earnings guidance for the year 2019. The company estimates for the full financial year started 1 February 2018 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.