Kotipizza Group Oyj Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended July 31, 2018; Provides Earnings Guidance for the Fiscal Year 2019
For the six months, net sales were 45,837,000 against 40,348,000 a year ago. Operating profit was 3,488,000 against 3,331,000 a year ago. Profit before taxes was 3,372,000 against 2,908,000 a year ago. Profit for the period was 2,678,000 or 0.42 basic per share against 2,268,000 or 0.36 basic per share a year ago. Net cash flows from operating activities were 620,000 against 588,000 a year ago. Investments for tangible assets were 347,000 against 32,000 a year ago. Investments for non-tangible assets were 825,000 against 807,000 a year ago. EBITDA was 4,216,000 against 4,001,000 a year ago. EBIT was 3,488,000 against 3,331,000 a year ago. Comparable EBITDA was 4,611,000 against 4,173,000 a year ago. Comparable EBIT was 3,909,000 against 3,503,000 a year ago. Net debt was 12,268,000 against 11,723,000 a year ago.
The Group estimates for the full financial year started 1 February 2018 that the total chain sales of it restaurant chains will be approximately 120 million and that comparable EBITDA will increase as compared to previous year.