Technopolis Plc Reports Consolidated Earnings Results for the Quarter and Nine Months Ended September 30, 2018; Provides Group Earnings Guidance for the Year 2018
For the nine months, net sales total were EUR 131.4 million compared to EUR 134.2 million a year ago. Operating profit was EUR 86.6 million compared to EUR 87.8 million a year ago. Net result for the period was EUR 58.9 million compared to EUR 61.3 million a year ago. Earnings per share, diluted and basic, was EUR 0.33 compared to EUR 0.33 a year ago.
The company estimates that the group net sales in 2018 will be at the same level as it was in 2017. The company expects the Group EBITDA to be below the 2017 EBITDA. The negative effects of the Jyväskylä divestitures on group Net sales and EBITDA, on an annual level, are approximately EUR 14.5 million and EUR 7.2 million, respectively.