2007-10-29 12:00:00 CET
2007-10-29 12:00:00 CET
REGULATED INFORMATION
Evia Oyj - Quarterly report
Evia Plc Interim Report 1 January - 30 September 2007
Evia Plc Stock exchange release 29 October 2007 at 1 pm.
Evia Plc Interim Report 1 January - 30 September 2007
July-September 2007
- Net sales amounted to EUR 1.46 million (in comparison to Q3 2006 EUR 1.43, +
2.7%).
- Gross income decreased to EUR 0.97 million (EUR 1.18 million, -17.6%).
- Expenses decreased by EUR 0.47 million to EUR 1.45 million
(EUR 1.92 million, -24.5%).
- Operating loss was EUR -0.48 million (EUR -0.73 million, +34.6%).
- Profit before taxes was EUR -0.51 million (EUR -0.76 million, +33.2%).
- Cash flow from operations was EUR 0.02 million (EUR -0.35 million, +98.9%).
- Gross income per capita was EUR 12,424 (EUR 12,511, -0.7%).
Last 12 months
- Net sales amounted to EUR 9.12 million.
- Gross income was EUR 6.26 million.
- Expenses decreased by EUR 1.02 million to EUR 7.45 million.
- Operating loss was EUR -1.18 million.
- Profit before taxes was EUR -1.30 million.
- Cash flow from business operations was EUR 0.24 million.
- Gross income per capita was EUR 73,671.
Gross income is expected to experience an upturn in the last quarter. In
addition significant decreases in personnel and rental costs, as well as other
costs,
compared with last year will have a positive impact on the result for the fourth
quarter.
KEY FIGURES
--------------------------------------------------------------------------------
| | 7-9 | 7-9 | Change | 1-9 | 1-9 | Change | Last | 1-12 |
| | 2007 | 2006 | | 2007 | 2006 | % | 12 | 2006 |
| | | | % | | | | month | |
| | | | | | | | s | |
--------------------------------------------------------------------------------
| Net sales, | 1,464| 1,426 | +2.7 | 6,665 | 8,201 | -18.7 | 9,120 | 10,656|
| EUR 1,000 | | | | | | | | |
--------------------------------------------------------------------------------
| Gross | 969 | 1,176 | -17.6 | 4,623 | 5,849 | -21.0 | 6,262 | 7,488 |
| income, EUR | | | | | | | | |
| 1,000 | | | | | | | | |
--------------------------------------------------------------------------------
| Operating | -483 | -739 | +34.6 | -802 | -599 | -33.9 | -1,183| -980 |
| profit, EUR | | | | | | | | |
| 1,000 | | | | | | | | |
--------------------------------------------------------------------------------
| Profit | -510 | -764 | +33.2 | -878 | -674 | -30.3 | -1,302| -1,098|
| before | | | | | | | | |
| taxes, | | | | | | | | |
| EUR 1,000 | | | | | | | | |
--------------------------------------------------------------------------------
| Cash flow | 22 | -351 | -93.7 | 4 | 54 | -92.6 | 243 | 293 |
| from | | | | | | | | |
| business | | | | | | | | |
| operations, | | | | | | | | |
| EUR 1,000 | | | | | | | | |
--------------------------------------------------------------------------------
| Cash | 6 | 30 | -80.0 | 6 | 30 | -80.0 | 6 | 73 |
| reserves, | | | | | | | | |
| EUR 1,000 | | | | | | | | |
--------------------------------------------------------------------------------
| Equity to | 32.1 | 58.8 | .. | 32.1 | 58.8 | .. | 32.1 | 51.0 |
| assets | | | | | | | | |
| ratio, % | | | | | | | | |
--------------------------------------------------------------------------------
| Return on |-214.3|-116.0 | .. | -69.1 | -34.7 | .. |-136.6 | -46.1 |
| equity, | | | | | | | | |
| % | | | | | | | | |
--------------------------------------------------------------------------------
| Return on |-141.4| -101.1| .. | -15.0 | -23.7 | .. | -65.1 | -31.5 |
| investment, | | | | | | | | |
| % | | | | | | | | |
| (12 months) | | | | | | | | |
--------------------------------------------------------------------------------
| Earnings/sh |-0.15 | -0.22 | +33.1 | -0.25 | -0.19 | -33.4 | -0.38 | -0.32 |
| are (EPS), | | | | | | | | |
| EUR | | | | | | | | |
--------------------------------------------------------------------------------
| Equity/shar | 0.27 | 0.65 | -57.8 | 0.27 | 0.65 | -57.8 | 0.27 | 0.53 |
| e, EUR | | | | | | | | |
--------------------------------------------------------------------------------
(..) = Change in excess of 100%
The comparative data for the entire 2006 reporting period conforms with Evia's
official financial statements for the 2006 reporting period. Other figures are
unaudited. This interim report has been prepared in accordance with the
recognition and measurement principles of IFRS.
Comments by Evia Plc's Managing Director Jari Torvelainen:
”At the end of September a new strategy and structure were announced for the
Group.
As of 1 October 2007 Evia Plc will continue as the parent company of the
marketing and communications Group, providing financial and administrative
services for Group companies.
Evia's goal over the next 3 to 5 years is to gather a group of 8 to 10 business
units, whose business areas and competence profiles complement each other and
increase the efficiency of their customers' marketing and communication
activities.
The expansion will be done either by acquisitions or by establishing units in
future growth areas.
During the reporting period we prepared, in accordance with our Group strategy,
to separate our marketing communication business as of 1 October 2007 under the
new subsidiary Viherjuuri Helsinki Oy. In September we relaunched the Viherjuuri
brand as a creative and innovative marketing communication agency. The launch
generated a lot of positive publicity.
The adjustment of the number of personnel to the outlook of financial periods to
come and to the profitability targets made in the first half of 2007 alongside
other reductions in costs can be seen already in the third period.
Some customer work from August and September was moved forward to the next
quarter. We have purposefully recruited new talent, directed more resources to
sales and our order intake is progressing favourably.
Viherjuuri has honed its strategy and is being organised more clearly into
customer teams and profit centres.
Frame Graphics adjusted its costs and number of personnel during the reporting
period to its sales forecast. The company expects to be able to achieve a
positive result during the fourth quarter due to the number of offers and lower
costs.
Due to the postponement of some projects and the Group's excess costs in the
beginning of the year we expect the operating profit for the entire 2007
financial year to be remain negative. However, we expect the result for the
fourth quarter to be clearly positive and significantly better than the
corresponding period last year.
PROFIT DEVELOPMENT, JULY-SEPTEMBER 2007
Evia Plc separated its marketing communication business as of 1 October 2007
under the new subsidiary Viherjuuri Helsinki Oy.
Viherjuuri Helsinki Oy offers customers solutions and services that creatively
and effectively combine marketing elements in order to increase customer value.
For the reporting period Viherjuuri Helsinki Oy's business is included in
segment information for Evia Plc.
Frame Graphics Oy provides post-production and animation services for use in the
making of commercials and television programs.
Evia Plc
Evia Plc's net sales in Q3 2007 increased by 2.7% compared to the corresponding
period in 2006 and amounted to EUR 1.46 million (EUR 1.43 million).
Gross income in Q3 decreased by -17.6% to EUR 0.97 million (EUR 1.18 million).
The operating loss was EUR -0.48 million (EUR -0.74 million). Evia Plc's
expenses amounted to EUR 1.45 million (EUR 1.92 million), an improvement of
24.5% over the corresponding period in 2006. The profit before taxes was EUR
-0.51 million (EUR -0.76 million).
The company's share of Group net sales during the reporting period was 88.3%,
gross income 86.6% and personnel 85.5%.
The Chairman of the Board of Evia Plc is Matti Makkonen and the Managing
Director Jari Torvelainen.
Frame Graphics Oy
Frame Graphics Oy had net sales in Q3 2007 of EUR 0.20 million (EUR 0.17
million, +21.1%) and gross income of EUR 0.13 million (EUR 0.13 million, +3.2%).
The company's operating loss for the reporting period was EUR -0.10 million (EUR
0.08 million, -21.5%).
Frame Graphics Oy's expenses in Q3 amounted to EUR 0.23 million (EUR 0.21
million). Frame Graphics Oy employed an average of 11 (10) personnel in Q3 2007.
The company's share of Group net sales was 13.7%, gross income 13.4% and
personnel 14.5%.
The acting Managing Director of Frame Graphics Oy is Sari Knuutinen as of 2 July
2007.
PROFIT DEVELOPMENT, JANUARY-SEPTEMBER 2007
Evia Plc's net sales for the period January-September 2007 amounted to EUR 6.67
million (EUR 8.20 million, -18.7%). Gross income was EUR 4.62 million (EUR 5.85
million, -21.0%). Expenses in January-September decreased to EUR 5.43 million
(EUR 6.45 million, -15.8%). The Group's profit for the period January-September
2007 was EUR -0.80 million (EUR -0.60 million, -33.9%).
Frame Graphics Oy's net sales for the period January-September 2007 amounted to
EUR 0.71 million (EUR 0.79 million, -9.9%) and gross income to EUR 0.57 million
(EUR 0.60 million, -5.7%). The company's expenses for the reporting period
amounted to EUR 0.73 million (EUR 0.70 million, -4.2%). The company's profit was
EUR -0.17 million (EUR -0.10 million, -68.4%).
BALANCE SHEET AND FINANCIAL POSITION
The consolidated balance sheet total at the end of the reporting period was EUR
2.97 million (EUR 3.85 million). This decrease was primarily attributable to the
reduction in share capital and the decrease in net sales.
The financial position in January-September 2007 continued to be weak. The
development of the financial position was primarily attributable to a change in
cash flow from operations.
Cash reserves at the end of the reporting period amounted to EUR 0.01 million
(EUR 0.03 million). The cash flow from operations during Q3 was EUR -0.02
million (EUR -0.35 million), and the total cash flow was EUR -0.06 million (EUR
-0.33 million).
The Group's cash flow from operations in January-September 2007 was EUR 0.00
million (EUR 0.38 million), and the total cash flow was EUR -0.07 million (EUR
-0.54 million).
The Group's equity to total assets ratio at the end of the reporting period was
32.1% (58.8%) and the gearing ratio 208% (58.3%). The amount of interest-bearing
liabilities decreased from the corresponding period in 2006 and was EUR 0.16
million (EUR 0.27 million) at the end of the reporting period. The return on
investment (ROI) in Q3 was -141.4% (-101.1%) and return on equity (ROE) -214.3%
(-116.0%).
PERSONNEL
Evia Plc Group employed 78 (94) personnel at the end of September.
The average number of personnel in July-September was 78 (97) and in
January-September 91 (95). Personnel costs accounted for 61.7% (51.8%) of the
Group's operating costs in Q3 2007.
OPERATING RISKS
Operative risk management is the responsibility of the Managing Director, who
reports regularly to the Board of Directors. Risks have been defined in the
following areas: clients and client relationships, markets and competition,
personnel and expertise, information security and liquidity risks, interest rate
risks and credit risks related to common financing risks.
SHARES AND SHAREHOLDERS
Evia Plc's share capital at the end of the reporting period was EUR 1,850,000
and the total number of shares was 3,465,000.
Board of Director's authorization
On 23 March 2007 the Annual General Meeting authorized the Board of Directors to
decide about issuing new shares in one or more lots by 23 March 2008. The number
of shares can be increased by a maximum of 1,000,000. The company does not hold
its own shares, nor does the Board of Directors have any authorization to
acquire the company's own shares.
At the end of the reporting period the company had 481 shareholders (479).
The highest price quoted for the company's shares in Q3 2007 was EUR 1.20 in
September (EUR 1.77), the lowest price was EUR 1.00 in September (EUR 1.30), and
the closing price was EUR 1.15 (EUR 1.38). The average price during the
reporting period was EUR 1.10 (EUR 1.53). Evia Plc's market capitalization at
the closing price was EUR 3,984,750 (EUR 4,781,700). A total of 132,089
(287,560) shares were traded during the reporting period, which represents 3.8%
(8.3%) of the total number of shares.
OUTLOOK
The development of this sector is tied to the general performance of the
economy. According to the 3Q/2007 barometer published by the Finnish Association
of Marketing Communication Agencies (MTL) 45% of service companies in the
industry expect the trend to improve and 47% that it will remain the same. Also,
38% of the Association of Finnish Advertisers member companies plan to increase
their marketing communication spending next year, while 47% plan to maintain
spending at the same level.
However, uncertainties in the international economy may also impact the
development of the marketing communication sector in Finland.
The relaunch of the Viherjuuri brand for the marketing communication business
has generated a lot of positive interest. We believe that the recognition and
desirability of Viherjuuri will increase significantly.
The company's development is also impacted by how our own clients utilize this
industry's services and by changes in client relationships. The positive
development of received and anticipated client assignments is expected to
significantly improve the company's result at the fourth quarter compared with
the previous year.
Due to the weaker than expected development in gross margin and the Group's
excess costs we estimate that the operative result for the entire financial year
2007 will remain negative. However, we estimate that the operative result for
the last quarter will be positive and significantly better than during the
corresponding period last year.
Helsinki, 29 October 2007
Evia Plc
Board of Directors
Further information:
Managing Director Jari Torvelainen
tel. +358 (0)40 555 5553, +358 (0)9 12551
e-mail: jari.torvelainen@evia.fi
Distribution:
OMX Nordic Exchange and key media
www.evia.fi
Appendix
TABLES
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| CONSOLIDA | | | | | | | | |
| TED | | | | | | | | |
| INCOME | | | | | | | | |
| STATEMENT | | | | | | | | |
--------------------------------------------------------------------------------
| EUR 1,000 | 7-9 | 7-9 |Change,| 1-9 | 1-9 |Change, | Last | 1-12 |
| | 2007 | 2006 |% | 2007 | 2006 |% | 12 | 2006 |
| | | | | | | | months | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NET SALES |1,464 |1,426 | 2.7 | 6,665 | 8,201 | -18.7 | 9,120 | 10,656 |
| | | | | | | | | |
--------------------------------------------------------------------------------
| Other | 1 | 0 | (..) | 16 | 35 | -54.3 | 124 | 143 |
| operating | | | | | | | | |
| income | | | | | | | | |
--------------------------------------------------------------------------------
|Outsourcing| -439 | -225 | -95.1 | -1,885 | -2,247 | 16.1 | 2,655 | -3,017 |
|expenses | | | | | | | | |
| | | | | | | | | |
--------------------------------------------------------------------------------
|Change in | -57 | -25 | (..) | -173 | -140 | -23.6 | -327 | -294 |
|inventories| | | | | | | | |
| | | | | | | | | |
--------------------------------------------------------------------------------
| GROSS | 969 | 1,176| -17.6 | 4,623 | 5,849 | -21.0 | 6,262 | 7,488 |
| INCOME | | | | | | | | |
--------------------------------------------------------------------------------
| Personnel | -894 | -993 | 10.0 | -3,329 | -3,748 | -11.2 | -4,687 | -5,106 |
| expenses | | | | | | | | |
--------------------------------------------------------------------------------
|Depreciat- | -35 | -47 | -25.5 | -108 | -149 | -27.5 | -151 | -192 |
|ion and | | | | | | | | |
|amortizat- | | | | | | | | |
| ion | | | | | | | | |
--------------------------------------------------------------------------------
| Other | -523 | -875 | -40.2 | -1,988 | -2,551 | -22.1 | -2,607 | -3,170 |
| operating | | | | | | | | |
| expenses | | | | | | | | |
--------------------------------------------------------------------------------
| OPERATING | -483 | -739 | -34.6 | -802 | -599 | 33.9 | -1,183 | -980 |
| PROFIT | | | | | | | | |
--------------------------------------------------------------------------------
| Financial | -27 | -25 | -8.0 | -76 | -75 | -1.3 | -119 | -118 |
| expenses | | | | | | | | |
--------------------------------------------------------------------------------
| Profit | -510 | -764 | -33.2 | -878 | -674 | 30.3 | -1,302 | -1,098 |
| before | | | | | | | | |
| taxes | | | | | | | | |
--------------------------------------------------------------------------------
| Income | | | | | | | 1 | 1 |
| taxes | | | | | | | | |
--------------------------------------------------------------------------------
| NET | -510 | -764 | 33.2 | -878 | -674 | 30.3 | -1,301 | -1,097 |
| PROFIT | | | | | | | | |
--------------------------------------------------------------------------------
| Attributa | -510 | -764 | 33.2 | -878 | -674 | 30.3 | -1,301 | -1,097 |
| ble to | | | | | | | | |
| equity | | | | | | | | |
| holders | | | | | | | | |
| of the | | | | | | | | |
| parent | | | | | | | | |
| company | | | | | | | | |
--------------------------------------------------------------------------------
| Minority | 0 | 0 | | 0 | 0 | | 0 | 0 |
| interests | | | | | | | | |
--------------------------------------------------------------------------------
(..) = Change in excess of 100%
Figures for 2007 are unaudited.
--------------------------------------------------------------------------------
| CONSOLIDATED BALANCE SHEET | | | | |
--------------------------------------------------------------------------------
| EUR 1,000 | 30.9. | 30.9. | Change, | 31.12. |
| | 2007 | 2006 | % | 2006 |
--------------------------------------------------------------------------------
| ASSETS | | | | |
--------------------------------------------------------------------------------
| NON-CURRENT ASSETS | | | | |
--------------------------------------------------------------------------------
| Tangible assets | 304 | 378 | -19.6 | 361 |
--------------------------------------------------------------------------------
| Goodwill | 1,325 | 1,335 | -0.7 | 1,330 |
--------------------------------------------------------------------------------
| Other intangible assets | 7 | 15 | -53.3 | 11 |
--------------------------------------------------------------------------------
| Disposable investments | 28 | 248 | -88.7 | 32 |
--------------------------------------------------------------------------------
| Total non-current assets | 1,664 | 1,976 | -15.8 | 1,734 |
--------------------------------------------------------------------------------
| CURRENT ASSETS | | | | |
--------------------------------------------------------------------------------
| Inventories | 232 | 560 | -58.6 | 405 |
--------------------------------------------------------------------------------
| Trade receivables and other | 1,063 | 1,279 | -16.9 | 1,390 |
| receivables | | | | |
--------------------------------------------------------------------------------
| Cash reserves | 6 | 30 | -80.0 | 73 |
--------------------------------------------------------------------------------
| Total current assets | 1,301 | 1,869 | -30.4 | 1,868 |
--------------------------------------------------------------------------------
| Total assets | 2,965 | 3,845 | -29.2 | 3,602 |
--------------------------------------------------------------------------------
| SHAREHOLDERS' EQUITY AND | | | | |
| LIABILITIES | | | | |
--------------------------------------------------------------------------------
| Share capital | 1,850 | 3,465 | -46.6 | 3,465 |
--------------------------------------------------------------------------------
| Share premium account | | | | |
--------------------------------------------------------------------------------
| Retained earnings | -20 | -538 | -96.3 | -537 |
--------------------------------------------------------------------------------
| Profit for the financial year | -878 | -674 | -30.3 | -1,098 |
--------------------------------------------------------------------------------
| Minority interests | 0 | 0 | | 0 |
--------------------------------------------------------------------------------
| Total shareholders' equity | 952 | 2,253 | 57.7 | 1,830 |
--------------------------------------------------------------------------------
| NON-CURRENT LIABILITIES | 159 | 268 | -40.7 | 160 |
--------------------------------------------------------------------------------
| CURRENT LIABILITIES | 1,854 | 1,324 | 40 | 1,612 |
--------------------------------------------------------------------------------
| TOTAL SHAREHOLDERS' EQUITY AND | 2,965 | 3,845 | -22.9 | 3,602 |
| LIABILITIES | | | | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CHANGES IN SHAREHOLDERS' EQUITY | | |
--------------------------------------------------------------------------------
| EUR 1,000 | Share | Share | Retained | Total |
| | capital | premium | earnings | |
| | | account | | |
--------------------------------------------------------------------------------
| Equity 1.1.2007 | 3,465 | | -1,635 | 1,830 |
--------------------------------------------------------------------------------
| Transfer of share premium | -1,615 | | 1,615 | |
| account | | | | |
--------------------------------------------------------------------------------
| Profit for the financial year | | | -878 | -878 |
--------------------------------------------------------------------------------
| Equity 30.9.2007 | 1,850 | 0 | -898 | 952 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CONSOLIDATED CASH | | | | | | |
| FLOW STATEMENT | | | | | | |
--------------------------------------------------------------------------------
| EUR 1,000 | 7-9 | 7-9 | Change,| 1-9 | 1-9 | Change, |
| | 2007 | 2006 | % | 2007 | 2006 | % |
| | | | | | | |
--------------------------------------------------------------------------------
| CASH FLOW FROM | | | | | | |
| OPERATIONS | | | | | | |
--------------------------------------------------------------------------------
| Profit before taxes | -510 | -764 | -33.2 | -878 | -674 | 30.3 |
--------------------------------------------------------------------------------
| Adjustments | 67 | 47 | 42.6 | 140 | 149 | -6.0 |
--------------------------------------------------------------------------------
| Change in working | 421 | 366 | 15.0 | 742 | 902 | -17.7 |
| capital | | | | | | |
--------------------------------------------------------------------------------
| Cash flow from | -22 | -351 | -93.7 | 4 | 377 | -98.9 |
| operations | | | | | | |
--------------------------------------------------------------------------------
| CASH FLOW FROM | | | | | | |
| INVESTMENTS | | | | | | |
--------------------------------------------------------------------------------
| Investments in | -35 | -2 | (..) | -74 | -7 | (..) |
| tangible assets | | | | | | |
--------------------------------------------------------------------------------
| Sales of tangible | | 54 | (..) | 4 | 54 | -92.6 |
| assets | | | | | | |
--------------------------------------------------------------------------------
| Cash flow from | -35 | 52 | (..) | -70 | 47 | (..) |
| investments | | | | | | |
--------------------------------------------------------------------------------
| CASH FLOW FROM | | | | | | |
| FINANCING | | | | | | |
--------------------------------------------------------------------------------
| Change in liabilities | -1 | -34 | -97.1 | -1 | -963 | -99.9 |
--------------------------------------------------------------------------------
| Dividends paid | | | | | | |
--------------------------------------------------------------------------------
| Other change in | | | | | | |
| shareholders' equity | | | | | | |
--------------------------------------------------------------------------------
| Cash flow from | -1 | -34 | -97.1 | -1 | -963 | -99.9 |
| financing | | | | | | |
--------------------------------------------------------------------------------
| TOTAL LIQUID ASSETS | -58 | -333 | -82.6 | -67 | -539 | -87.6 |
--------------------------------------------------------------------------------
| Liquid assets at the | 64 | 363 | -82.0 | 73 | 569 | -87.2 |
| beginning of the | | | | | | |
| period | | | | | | |
--------------------------------------------------------------------------------
| Liquid assets at the | 6 | 363 | -82.4 | 6 | 30 | -80.0 |
| end of the period | | | | | | |
--------------------------------------------------------------------------------
(..) = Change in excess of 100%
--------------------------------------------------------------------------------
| CONSOLIDATED | | | | | | |
| INCOME STATEMENT | | | | | | |
| BY QUARTER | | | | | | |
--------------------------------------------------------------------------------
| EUR 1,000 | 4-6 | 7-9 | 10-12 | 1-3 | 4-6 | 7-9 |
| | 2006 | 2006 | 2006 | 2007 | 2007 | 2007 |
--------------------------------------------------------------------------------
| NET SALES | 3,076| 1,426 | 2,455 | 2,947 | 2,254 | 1,464 |
| | | | | | | |
--------------------------------------------------------------------------------
| Other operating | 6 | | 108 | | 15 | 1 |
| income | | | | | | |
--------------------------------------------------------------------------------
| Outsourcing | -823 | -225 | -769 | -893 | -553 | -439 |
| expenses | | | | | | |
--------------------------------------------------------------------------------
| Change in | -48 | -25 | -155 | 17 | -133 | -57 |
| inventories | | | | | | |
--------------------------------------------------------------------------------
| GROSS INCOME | 2,211| 1,176 | 1,639 | 2,071 | 1,583 | 969 |
| | | | | | | |
--------------------------------------------------------------------------------
| Personnel |-1,457| -993 | -1,358 | -1,240 | -1,195 | -894 |
| expenses | | | | | | |
--------------------------------------------------------------------------------
| Depreciation and | -49 | -47 | -43 | -37 | -36 | -35 |
| amortization | | | | | | |
--------------------------------------------------------------------------------
| Other operating | -853 | -875 | -619 | -787 | -678 | -532 |
| expenses | | | | | | |
--------------------------------------------------------------------------------
| OPERATING PROFIT | -148 | -739 | -381 | 7 | -326 | -483 |
--------------------------------------------------------------------------------
| Financial | -30 | -25 | -43 | -18 | -31 | -27 |
| expenses | | | | | | |
--------------------------------------------------------------------------------
| Profit before | -178 | -764 | -424 | -11 | -357 | -510 |
| taxes | | | | | | |
--------------------------------------------------------------------------------
| Income taxes | 1 | 0 | 1 | 0 | 0 | 0 |
--------------------------------------------------------------------------------
| NET PROFIT | -177 | -764 | -423 | -11 | -357 | -510 |
--------------------------------------------------------------------------------
| Attributable to: | | | | | | |
--------------------------------------------------------------------------------
| Equity holders of | -177 | -764 | -423 | -11 | -357 | -510 |
| the parent | | | | | | |
| company | | | | | | |
--------------------------------------------------------------------------------
| Minority | 0 | 0 | 0 | 0 | 0 | 0 |
| interests | | | | | | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CONTINGENT LIABILITIES | 30.9. | 30.9. | Change, | 31.12. |
| EUR 1,000 | 2007 | 2006 | % | 2006 |
--------------------------------------------------------------------------------
| Floating charges | | | | |
--------------------------------------------------------------------------------
| Group companies* | 1,000 | 1,000 | 0 | 1,000 |
--------------------------------------------------------------------------------
| Collateral given | | | | |
--------------------------------------------------------------------------------
| Group companies | | 216 | -100.0 | |
--------------------------------------------------------------------------------
| Guarantees | | | | |
--------------------------------------------------------------------------------
| Group companies | 34 | 40 | -11.1 | 34 |
--------------------------------------------------------------------------------
| Leasing liabilities | 576 | 556 | +3.5 | 598 |
--------------------------------------------------------------------------------
| Total | 1,614 | 1,812 | -11.1 | 1,632 |
--------------------------------------------------------------------------------
| * As collateral on a EUR 1.0 million formalized line of credit | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| KEY FINANCIAL RATIOS | 7-9 | 7-9 | Change, | Last 12 | 1-12 |
| | 2007 | 2006 | % | months | 2006 |
--------------------------------------------------------------------------------
| Earnings/share (EPS), | -0.15 | -0.22 | -33.1 | -0.38 | -0.32 |
| EUR | | | | | |
--------------------------------------------------------------------------------
| Equity/share, EUR | 0.27 | 0.65 | -57.8 | 0.27 | 0.53 |
--------------------------------------------------------------------------------
| Return on equity, % | -214.3 | -116.0 | | -135.6 | -46.1 |
| (12 months) | | | | | |
--------------------------------------------------------------------------------
| Return on investment, | -141.4 | -101.1 | | -65.1 | -31.5 |
| % (12 months) | | | | | |
--------------------------------------------------------------------------------
| Equity to total assets | 32.1 | 58.8 | | 32.1 | 51.0 |
| ratio, % | | | | | |
--------------------------------------------------------------------------------
| Gross capital | 35 | 2 | (..) | 91 | 24 |
| expenditure, EUR 1,000 | | | | | |
--------------------------------------------------------------------------------
| Gross capital | 2.4 | 0.1 | | 1.0 | 0.2 |
| expenditure, | | | | | |
| % of net sales | | | | | |
--------------------------------------------------------------------------------
(..) = Change in excess of 100%
--------------------------------------------------------------------------------
| SEGMENT INFORMATION | | | | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| NET SALES | 7-9 | 7-9 | Change, | 1-12 |
| EUR 1,000 | 2007 | 2006 | % | 2006 |
--------------------------------------------------------------------------------
| Evia Plc | 1,292 | 1,439 | -10.2 | 10,060 |
--------------------------------------------------------------------------------
| Frame Graphics Oy | 201 | 166 | 21.1 | 980 |
--------------------------------------------------------------------------------
| Internal sales | -29 | -179 | -83.8 | -384 |
--------------------------------------------------------------------------------
| EVIA PLC GROUP | 1,464 | 1,426 | 2.7 | 10,656 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| GROSS INCOME | 7-9 | 7-9 | Change, | 1-12 |
| EUR 1,000 | 2007 | 2006 | % | 2006 |
--------------------------------------------------------------------------------
| Evia Plc | 839 | 1,050 | -20.1 | 6,732 |
--------------------------------------------------------------------------------
| Frame Graphics Oy | 130 | 126 | 3.2 | 756 |
--------------------------------------------------------------------------------
| EVIA PLC GROUP | 969 | 1,176 | -17.6 | 7,488 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| OPERATING PROFIT | 7-9 | 7-9 | Change, | 1-12 |
| EUR 1,000 | 2007 | 2006 | % | 2006 |
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| Evia Plc | -387 | -660 | -41.4 | -807 |
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| Frame Graphics Oy | -96 | -79 | -21.5 | -173 |
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| EVIA PLC GROUP | -483 | -739 | -34.6 | -980 |
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| AVERAGE NUMBER OF PERSONNEL | 7-9 | 7-9 | Change, | 1-12 |
| | 2007 | 2006 | % | 2006 |
| | | | | |
| | | | | |
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| Evia Plc | 65 | 84 | -22.6 | 82 |
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| Frame Graphics Oy | 11 | 10 | 10.0 | 10 |
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| EVIA PLC GROUP | 76 | 94 | -19.1 | 92 |
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