Result 2013
Net revenue
(EUR million)
121.3
Operating profit without
one-time items (EUR million)
4.0
Operating profit
(EUR million)
4.0
Cash
(EUR million)
10.1
Net revenue by business area 2013
Employees by business area 2013
Net revenue by business area
2012 - 2013
(IFRS)(EUR 1000)
Operating profit by business area
2012 - 2013
Without one-time items
(IFRS)(EUR 1000)
Net revenue
In 2013, consolidated net revenue was EUR 121.3 million (EUR 113.2 million).
Net revenue in Finland was EUR 51.5 million (EUR 52.0 million). Net revenue in other EU countries was EUR 66.9 million (EUR 58.6 million) and exports outside the EU totaled EUR 2.8 million (EUR 2.6 million). 44 percent (48 percent) of the Group’s net revenue came from Finland and 56 percent (52 percent) from Sweden and other Nordic countries.
Operating profit
The Group’s operating profit for 2013 was EUR 4.0 million (EUR -4.1 million), which is up EUR 8.1 million from the previous year.
The significant growth of operating profit can be attributed to the Group’s ability to respond to its customers’ changing communication needs.
The 2013 results included significantly fewer one-off items than in the previous year.
Non-recurring items totaled EUR 0.0 (EUR -6.2 million). The Group’s operating profit without non-recurring items was EUR 4.0 million (EUR 2.1 million). This is a good result, particularly in light of the digitalization trend currently prevailing in the communication market.
Key figures
| 2013 | 2012 | |
|---|---|---|
| Net revenue (M€) | 121.3 | 113.28 |
| Operating profit without one-time items (M€) | 4.0 | 2.1 |
| Profit including one-time items (M€) | 4.0 | -4.1 |
| EBITDA without one-time items (M€) | 8.5 | 7.6 |
| Equity ratio % | 42.2 | 36.8 |
| Operating cash flow (M€) | 7.6 | 7.3 |
| Cash at the end of the year (M€) | 10.1 | 6.7 |
| Employees (average) | 668 | 705 |
Nordic Morning Group's net revenue
2008 - 2013
(IFRS)(EUR 1000)
Business areas
Marketing Services
Serving customers all over
the Nordic region
The business area comprises:
Citat Oy and Klikkicom Oy in
Finland; Citat AB, KliKKi AB,
Mods Graphic Studio AB, and
associate company Brand Systems
International AB in Sweden; and
Citat Ukraine LLC in Ukraine.
Editorial Communication
Content strategy tailored
for any channel
The business area comprises
JG Communication AB in Sweden.
Publishing
Strengthening
customers' expertise
The business area comprises
Edita Publishing Oy and the
National Centre for Professional
Development in Education,
Educode Oy in Finland.
Print & Distribution
Clever combinations
of printed and digital
communication
The business area comprises
Edita Prima Oy in Finland as
well as Edita Bobergs AB and
Sandvikens Tryckeri AB in
Sweden.