Financials

Year 2017 

  • Net sales EUR 94,5 million
  • Operating profit EUR 1.8 million, 2.0% of net sales
  • Earnings per share EUR 0.04
  • The number of employees 1,005 at the end of December

Digia Plc changed its financial reporting practices as of 1 January 2017. Instead of interim reports, Digia will disclose certain key figures and information on business performance for the three and nine month periods in a stock exchange release. Digia reports on a single business segment.

GROUP KEY FIGURES

EUR 1,000

1-3/2018

1–3/2017

Change

2017

Net sales 1)

26,882

22,159

21.3%

94,537

Operating profit 2)

1,589

27

 

1,852

- as a % of net sales

5.9%

0.1%

 

2.0%

Result for the period

1,102

-127

 

974

- as a % of net sales

4.1%

-0.6%

 

1.0%

 

 

 

 

 

Return on equity, %

10.0%

-1.6%

 

2.5%

Return on investment, %

11.0%

0.5%

 

3.7%

Interest-bearing liabilities

16,231

13,887

16.9%

16,630

Cash and cash equivalents

4,068

2,140

90.1%

11,858

Gearing, %

27.6%

37.8%

 

10.8%

Equity ratio, %

51.6%

48.2%

 

51.0%

 

 

 

 

 

Number of personnel at period-end

1,060

912

16.2%

1,005

Average number of personnel

1,033

896

15.3%

954

Shareholders' equity

44,102

31,114

41.7%

44,130

Balance sheet total

86,196

65,664

31.3%

86,610

Earnings per share, EUR

0.04

-0,01

 

0.04

 

1) IFRS 15 adjustment to consolidated net sales 1-3/2017 is EUR -357 thousand and to full-year 2017 net sales EUR -1,685 thousand.

2) IFRS 15 adjustment to consolidated operating profit 1-3/2017 is EUR -39 thousand and to full-year 2017 operating profit EUR 6 thousand.

 IFRS 15 ADJUSTMENT TO 2017 NET SALES AND OPERATING PROFIT

Digia has analysed the impact of the IFRS 15 standard, which came into force on 1 January 2018, for a number of income flows. These include own licences and their maintenance, third-party licences and their maintenance, and the sale of work and services. Third-party licences and their maintenance have the greatest impact on net sales. For these, Digia has evaluated what kind of role and responsibility Digia has with regard to the end customer. Due to the adoption of IFRS 15, Digia is adjusting its 2017 net sales and operating result.

The amended revenue recognition principle of IFRS 15 has an impact of EUR -1,685 thousand on Digia Group’s net sales for 2017, but does not have any material impact on the operating result. 

EUR 1,000

Q1-2017

Q2-2017

Q3-2017

Q4-2017

2017

Net sales, IFRS 15 adjusted

22,159

24,389

20,548

27,441

94,537

Operating profit, IFRS 15 adjusted

27

1,399

-751

1,177

1,852

 

 

 

 

 

 

Net sales, reported in 2017

22,516

24,840

20,899

27,966

96,221

Operating profit, reported in 2017

66

1,374

-691

1,097

1,846


Calculation of Financial Ratios 

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