Kotipizza Group Oyj Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2017; Provides Earnings Guidance for the Full Year of 2018
For the nine months, the company reported net sales of EUR 62,194,000 compared to EUR 50,329,000 a year ago. Operating profit was EUR 5,018,000 compared to EUR 4,148,000 a year ago. Profit before taxes was EUR 4,400,000 compared to EUR 3,565,000 a year ago. Profit for the period was EUR 3,536,000 compared to EUR 2,798,000 a year ago. Basic profit for the period attributable to ordinary equity holders of the parent was EUR 0.56 compared to EUR 0.44 a year ago. Net cash flows from operating activities were EUR 3,050,000 compared to EUR 4,190,000 a year ago. Investments for tangible assets were EUR 33,000 compared to EUR 124,000 a year ago. Investments for non-tangible assets were EUR 1,044,000 compared to EUR 455,000 a year ago. Comparable EBITDA was EUR 6,468,000 compared to EUR 5,196,000 a year ago. Comparable EBIT was EUR 5,450,000 compared to EUR 4,458,000 a year ago. Reported EBIT was EUR 5,018,000 compared to EUR 4,148,000 a year ago. As at October 31, 2017, the company's net debt was EUR 9,366,000 compared to EUR 8,163,000 a year ago.
For the year 2017, the group estimated that the chain-based net sales will grow by significantly over 15% as compared to previous year, and that comparable EBITDA will increase significantly as compared to previous year.