Result 2019

Net revenue
(EUR million)

77.6

Operating profit without
one-time items
(EUR million)

1.5

Operating profit
(EUR million)

0.6

Cash
(EUR million)

0.3

2019 at a glance

Consolidated net revenue was EUR 77.6 million (EUR 76.4 million). Net revenue grew in the Edita Prima business area thanks to new, more extensive customer agreements. Net revenue declined particularly in the Nordic Morning business area due to a decrease in subcontracting and lost customers. In the Edita Publishing business area, net revenue decreased mainly due to lower revenue from learning materials and made-to-order products.

Operating profit was EUR 0.6 million (EUR 0.9 million). Non-recurring items totalled EUR -1.0 million (EUR -0.5 million). The non-recurring income included in the operating profit totaled EUR 0.1 million (EUR 0.0 million).

The equity ratio decreaded by 1.5 percentage points, which resulted in a ratio of 38.6 (40.1) percent by the end of year.

 

Net revenue by business area 2019

Employees by business area 2019

Net revenue by business area
2018 - 2019

(IFRS)(EUR 1000)

Operating profit by business area
2018 - 2019

(IFRS)(EUR 1000)

Key figures

 20192018
Net revenue (M€) 77.6 76.4
Operating profit without one-time items (M€) 1.5 1.3
Profit including one-time items (M€) 0.6 0.9
EBITDA without one-time items (M€) 6.0 5.9
Equity ratio % 38.6 40.1
Operating cash flow (M€) 5.6 3.6
Cash at the end of the year (M€) 0.3 0.2
Employees (average) 442 472

Nordic Morning Group's
net revenue

Business areas

Nordic Morning business area comprises Nordic Morning Finland Oy in Finland and Nordic Morning Sweden AB and Mods Graphic Studio AB in Sweden.

Nordic Morning Finland and Nordic Morning Sweden are specialized in data-driven marketing and service design. Mods Graphic Studio is specialized in image retouching.

Edita Prima business area comprises only Edita Prima Oy in Finland, which is specialized in automated customer communication services.

Edita Publishing business area comprises only Edita Publishing Oy in Finland, which is specialized in collaborative learning and information solutions.

Read more about the business areas