BasWare Oyj announced audited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net sales of EUR 33,049,000 against EUR 30,427,000 for the same period a year ago. Operating profit was EUR 2,131,000 against EUR 2,927,000 for the same period a year ago. Profit before tax was EUR 2,153,000 against EUR 2,843,000 for the same period a year ago. Profit attributable to owners of the parent was EUR 2,255,000 or EUR 0.18 undiluted and diluted per share against EUR 1,945,000 or EUR 0.15 undiluted and diluted per share for the same period a year ago.

For the year, the company reported net sales of EUR 123,349,000 against EUR 113,699,000 for the same period a year ago. Operating profit was EUR 3,331,000 against EUR 8,308,000 for the same period a year ago. Profit before tax was EUR 3,284,000 against EUR 8,357,000 for the same period a year ago. Profit attributable to owners of the parent was EUR 2,605,000 or EUR 0.20 undiluted and diluted per share against EUR 5,863,000 or EUR 0.46 undiluted and diluted per share for the same period a year ago. Net cash flows from operating activities were EUR 3,578,000 against EUR 6,441,000 for the same period a year ago. Purchase of tangible and intangible assets was EUR 5,418,000 against EUR 6,820,000 for the same period a year ago. EBITDA was EUR 10,383,000 against EUR 14,801,000 for the same period a year ago. Return on equity was 2.6% against 5.8% a year ago. Capital expenditure was EUR 1,470,000 against EUR 1,431,000 for the same period a year ago.

The company provided earnings guidance for the year 2014. For the year, the company expects its net sales and operating profit (EBIT) to grow compared to 2013.