Profit Performance and Profitability

Digia’s consolidated operating profit before extraordinary items for the reporting period was EUR 4.5 (4.5) million, down 1.9 per cent year-on-year. Profitability (EBIT%) before extraordinary items was 4.6 (4.6) per cent.

Digia’s consolidated operating profit after extraordinary items for the review period was EUR 4.3 (-2.8) million. Profitability (EBIT%) after extraordinary items was 4.4 (-2.8) per cent. Extraordinary items include EUR 0.2 million in restructuring costs (1–12/2013: EUR 7.4 million).

Towards the end of the review period, operating profit from the domestic business improved from the weak first half. In the final quarter, profitability was extremely good.

In the Qt business, investments made to boost business growth taxed profitability. Similarly, weaker than expected net sales development in the first three quarters had a negative impact on profitability. Qt business has recorded a loss throughout the reporting period. However, since the first quarter business has seen positive development and losses from operations have been minor.

Consolidated earnings before taxes for the period totalled EUR 3.6 (-3.6) million, and net profit was EUR 2.9 (-4.1) million. Consolidated earnings per share in the review period were EUR 0.14 (0.15) before extraordinary items and EUR 0.14 (-0.20) after extraordinary items.

The Group’s net financial expenses in the review period were EUR 0.7 (0.8) million.