Ilkka Yhtyma Oyj Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012; Provides Earnings Guidance for the Year 2012
May 07, 2012 at 07:30 am EDT
Share
Ilkka Yhtyma Oyj announced unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported net sales of EUR 11,763,000 against EUR 12,143,000 a year ago. Operating profit was EUR 3,385,000 against EUR 4,174,000 a year ago. Profit before tax was EUR 2,665,000 against EUR 4,240,000 a year ago. Profit for the period under review was EUR 2,449,000 against EUR 3,673,000 a year ago. Earnings per undiluted share were EUR 0.10 against EUR 0.14 a year ago. Cash flow from operations was EUR 6,111,000 against EUR 20,314,000 a year ago. Investments in tangible and intangible assets, net was EUR 106,000 compared to EUR 484,000 a year ago.
The company also provides earnings guidance for the year 2012. Net sales are estimated to remain almost at the 2011 level. Group operating profit from company's own operations and operating profit were as a percentage of net sales.
Ilkka Yhtyma Oyj is a Finland-based company engaged in the provision of printing and publishing services. The Company operates through three segments: Publishing, Printing, and Associated companies. The Publishing segment comprises the activities of subsidiary I-Mediat Oy, responsible for publishing regional (Ilkka and Pohjalainen) and local newspapers (Viiskunta, Komiat, Jarviseutu, Suupohjan Sanomat and Jurvan Sanomat), as well as free sheets (Vaasan Ikkuna and Etela-Pohjanmaa). The segment also covers online and mobile services, as well as marketing and communications services, including influencer marketing portal somessa.com. The Printing segment comprises the activities of I-print Oy, which offers newspaper printing, as well as other digital and specialty printing products and services, including sheet printing, brochure folding, large format prints and label printing, among others. The Company also includes a property subsidiary, Kiinteisto Oy Seinjoen Koulukatu 10.
Ilkka Yhtyma Oyj Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2012; Provides Earnings Guidance for the Year 2012