Technopolis Plc reported audited consolidated and parent company earnings results for the year ended December 31, 2017. For the year, on consolidated basis, reported net sales of EUR 179,712,000 compared to EUR 172,076,000 a year ago. EBITDA was EUR 97,086,000 compared to EUR 93,068,000 a year ago. Operating profit was EUR 121,359,000 compared to EUR 89,346,000 a year ago. Profit before taxes was EUR 98,994,000 compared to EUR 64,222,000 a year ago. Net profit for the year attributable to parent company shareholders was EUR 76,531,000 compared to EUR 44,639,000 a year ago. Return on equity (ROE) was 11.49% compared to 7.52% a year ago. Return on investment (ROI) was 7.58% compared to 5.71% a year ago. Cash flow from operations per share was EUR 0.47 compared to EUR 0.46 a year ago. Gross capital expenditure on non-current assets was EUR 77,461,000 compared to EUR 221,021,000 a year ago. Basic and diluted earnings per share were EUR 0.46 compared to EUR 0.31 a year ago. Adjusted earnings per share were EUR 0.46 compared to EUR 0.31 a year ago. Net asset value per share (EPRA NAV per share) was EUR 4.58 compared to EUR 4.24 a year ago. Cash flows from operating activities were EUR 74,382,000 compared to EUR 60,231,000 a year ago. Investments in tangible and intangible assets were EUR 1,204,000 compared to EUR 4,107,000 a year ago. Adjusted net profit were EUR 72,031,000 compared to EUR 40,139,000 a year ago.

For the year, on parent company basis, reported net sales of EUR 95,613,000 compared to EUR 99,199,000 a year ago. Operating profit was EUR 18,107,000 compared to EUR 19,761,000 a year ago. Profit before appropriations and taxes were EUR 22,175,000 compared to EUR 34,567,000 a year ago. Profit before taxes was EUR 22,175,000 compared to EUR 34,567,000 a year ago. Net profit for the year was EUR 21,398,000 compared to EUR 29,653,000 a year ago. Cash flows from operating activities were EUR 5,391,000 compared to EUR 43,522,000 a year ago. Investments in tangible and intangible assets were EUR 3,131,000 compared to EUR 4,087,000 a year ago.

The company provided earnings guidance for the year 2018. The company estimates that the group net sales in 2018 will be on the same level as it was in 2017. The company expects the group EBITDA to remain on the same level as in 2017, or slightly below. The negative impact of the Jyväskylä divestitures on group net sales and EBITDA, on an annual level, are approximately EUR 14.5 and EUR 7.2 million, respectively.