2016-12-09 08:00:02 CET
2016-12-09 08:00:02 CET
BIRTINGARSKYLDAR UPPLÝSNINGAR
Panostaja Oyj - Financial Statement Release
Panostaja Oyj - Financial Statement November 1, 2015–October 31, 2016
Panostaja Oyj Financial Statement December 9, 2016,
9:00 a.m
August 1, 2016–October 31, 2016 (3 months)
-- KotiSun continued its strong growth in
the
review period, with net sales increasing by 45% from the reference period
in the previous year. Profitability, too, remained excellent.
-- Grano’s net sales for the review period dropped 2% from the reference
period in the previous year. EBIT dropped to MEUR 1.9 from last year’s MEUR
3.1.
-- The market situation remained challenging in many investment targets. Net
sales increased in five of the eight investment targets. Net sales for the
Group as a whole increased by 4% and stood at MEUR 45.7 (MEUR 44.1).
-- EBIT improved in three of the eight investment targets, but the EBIT of the
entire Group declined from MEUR 3.1 to MEUR 2.6.
-- Earnings per share (undiluted) were 3.0 cents (17.6 cents). The profit/loss
for the review period includes the divestment of Flexim Security.
November 1, 2015–October 31, 2016 (12 months)
-- Net sales increased in five of the eight investment targets. For the Group
as a whole, net sales in the review period increased by 16% from the same
period last year, standing at MEUR 172.5 (MEUR 148.2).
-- EBIT improved in four of the eight investment targets, and the EBIT of the
entire Group
increased from MEUR 7.3 to MEUR 9.0.
-- Earnings per share (undiluted) were 6.9 cents (14.1 cents).
Proposal for the distribution of profits: The Board of Directors proposes to
the Annual General Meeting that a dividend of EUR 0.04 per share be paid for
the past financial period.
CEO Juha Sarsama:
“In the final quarter of the financial period, the uneven development of the
investment targets continued, and there were still significant variation in
their profitability development. KotiSun maintained its strong profitable
growth. On the other hand, the poor profitability development of Takoma and
Heatmasters continued, and Megaklinikka’s result was encumbered by the opening
of the Stockholm clinic. In addition to this, Grano’s profit development failed
to reach our expectation with a slight decline from the reference period due to
reorganization costs dragging the earnings down. All in all, the profitability
development of the investment targets was slightly weaker than expected in the
final quarter.
Some additional positive signs regarding Finland’s economic situation emerged
in the fourth quarter, but we have yet to see a substantial change in the
economic climate in the fields of our investment targets and the situation
remained uncertain. The market situation of many investment targets has
remained poor.
The corporate acquisitions market has been active in the period under review,
and the availability of new opportunities has remained high. However, we still
did not make an investment in a new target. We will continue to actively
explore new opportunities but remain cool-headed in terms of assessing
prospective corporate acquisitions.
Panostaja will change its guideline practices and discontinue the publication
of financial guidelines as of the beginning of 2017. Instead of result
management regarding the Group’s EBIT, Panostaja will provide its investors
with more information on the growth and development opportunities of the
investment targets as well as the company’s goals for increasing value in them.
Discontinuing the result management arrangement is a natural part of the shift
in Panostaja’s communications from a group-centric perspective to an investment
company standpoint. It is not related to the prevalent market conditions. Our
future aim is to ensure that investors have the opportunity to ascertain the
independent value of the investment targets and gain a clearer view of
Panostaja’s structure as an investment company.”
MEUR Q4 Q4 12 months 12 months
------------------------------------------------------------------------------
8/16- 8/15- 11/15- 11/14-
10/16 10/15 10/16 10/15
------------------------------------------------------------------------------
Net sales, MEUR 45.7 44.1 172.5 148.2
------------------------------------------------------------------------------
EBIT, MEUR 2.6 3.1 9.0 7.3
------------------------------------------------------------------------------
Profit before taxes, MEUR 2.1 1.4 7.0 3.4
------------------------------------------------------------------------------
Profit/loss for the financial period, MEUR 3.1 13.5 9.2 13.5
------------------------------------------------------------------------------
Earnings per share, undiluted (EUR) 0.03 0.18 0.07 0.14
------------------------------------------------------------------------------
Equity per share (EUR) 0.77 0.74 0.77 0.74
------------------------------------------------------------------------------
Operating cash flow (MEUR) 4.6 -1.6 9.6 8.0
------------------------------------------------------------------------------
Distribution of net sales by segment Q4 Q4 12 months 12 months
MEUR
------------------------------------------------------------------------
Net sales 8/16- 8/15- 11/15- 11/14-
10/16 10/15 10/16 10/15
------------------------------------------------------------------------
Grano 22.8 23.4 88.2 69.9
------------------------------------------------------------------------
KotiSun 9.8 6.8 31.9 23.7
------------------------------------------------------------------------
Takoma 1.9 3.1 10.2 13.2
------------------------------------------------------------------------
Selog 2.7 2.4 10.3 9.9
------------------------------------------------------------------------
Helakeskus 2.4 2.6 9.8 10.4
------------------------------------------------------------------------
KL-Varaosat 3.4 3.3 13.0 11.8
------------------------------------------------------------------------
Heatmasters 1.3 1.3 4.5 6.3
------------------------------------------------------------------------
Megaklinikka 1.3 1.2 4.7 3.4
------------------------------------------------------------------------
Others 0.0 0.0 0.0 0.0
------------------------------------------------------------------------
Eliminations 0.0 0.0 -0.1 -0.3
------------------------------------------------------------------------
Group in total 45.7 44.1 172.5 148.2
------------------------------------------------------------------------
Distribution of EBIT by segment Q4 Q4 12 months 12 months
MEUR
-------------------------------------------------------------------
EBIT 8/16- 8/15- 11/15- 11/14-
10/16 10/15 10/16 10/15
-------------------------------------------------------------------
Grano 1.9 3.1 7.8 5.9
-------------------------------------------------------------------
KotiSun 1.9 1.4 5.8 4.2
-------------------------------------------------------------------
Takoma -0.3 -0.3 -1.2 -0.7
-------------------------------------------------------------------
Selog 0.2 0.1 0.7 0.5
-------------------------------------------------------------------
Helakeskus 0.2 0.2 0.3 0.7
-------------------------------------------------------------------
KL-Varaosat 0.4 0.3 1.0 0.5
-------------------------------------------------------------------
Heatmasters -0.3 -0.2 -1.0 0.1
-------------------------------------------------------------------
Megaklinikka -0.6 -0.2 -1.5 -0.5
-------------------------------------------------------------------
Others -0.7 -1.2 -2.9 -3.3
-------------------------------------------------------------------
Group in total 2.6 3.1 9.0 7.3
-------------------------------------------------------------------
PRESS CONFERENCE
Panostaja Oyj will arrange a press conference for analysts, investors and
representatives of the press at Hotel Scandic Simonkenttä, in Helsinki, address
Simonkatu 9, Helsinki on Friday, December 9, 2016, at 10:00 a.m.
The Financial Statements Bulletin will be available at the address
www.panostaja.fi
Panostaja Oyj
Juha Sarsama
Chief Executive Officer
For further information, please contact Mr. Juha Sarsama, mobile +358 40 774
2099
© 2024 Nasdaq, Inc. All Rights Reserved |