Evia OYJ STOCK EXCHANGE RELEASE 14 February 2007 at 2.15 p.m.
Evia Oyjs Financial Statement Bulletin for 2006
SUMMARY
2006 financial year
- Net sales amounted to EUR 10.66 million (EUR 12.13 million, -12.1%).
- Operating loss was EUR 0.98 million (EUR +0.27 million, -464.3%).
- Profit before taxes was EUR 1.1 million (EUR 0.13 million, -925.6%).
- Operating loss represented 9.2% of net sales.
- Cash flow from business operations was EUR 0.29 million (EUR 0.57 million, -48.9%).
- Gross income per capita was EUR 81,391 (EUR 97,289, -16.3%).
October-December 2006
- Net sales amounted to EUR 2.46 million (EUR 3.73 million, -34.2%).
- Operating loss was EUR 0.38 million (EUR +0.27 million, -242.2%).
- Profit before taxes was EUR 0.42 million (EUR 0.24 million, -278.9%).
- Operating loss represented 15.5% of net sales.
- Cash flow from business operations was EUR 0.08 million (EUR 0.27 million, -131.5%).
- Gross income per capita was EUR 19,282 (EUR 30,367 million, -36,5%)
The decrease in net sales during the fourth quarter of 2006 and the
weaker result for the entire year were attributable to the
termination of a number of key client relationships and the
postponement of some major client projects.
Evia Oyjs Board of Directors notes that the cost structure has been
adapted to meet the sales expectations. The outlook for the current
year is enhanced by the continuation in projects for existing
customers, as well as by new client relationships that have been
confirmed. The number of personnel at the start of 2007 has been
adjusted to meet sales expectations.
IFRS figures for the comparable periods in 2005 have been used as
reference data. The figures are unaudited.
KEY FIGURES 10-12 10-12 Change, 1-12 1-12 Change,
2006 2005 % 2006 2005 %
Net sales,EUR 1,000 2,455 3,730 -34.2 10,656 12,125 -12.1
Gross income, EUR 1,000 1,639 2,733 -40.0 7,488 8,756 -14.5
Operating profit,
EUR 1,000 -381 268 (..) -980 269 (..)
Profit before taxes,
EUR 1,000 -424 237 (..) -1,098 133 (..)
Average number of employees 85 90 -5.6 92 90 2.2
of whom on fixed-term
contracts 2 2 - 3 1 (..)
Cash reserves, EUR 1,000 -73 569 -87.2 73 569 -87.2
Cash flow from business
operations EUR 1,000 -84 267 (..) 293 573 -48.9
Equity to total
assets ratio% 51.0 51.3 -0.6 51.0 51.3 -0.6
Return on equity,% -82.9 32.7 (..) -46.1 4.4 (..)
(12 months)
Return on -66.9 26.4 (..) -31.5 6.3 (..)
investment, % (12 months)
Earnings/share EUR -0.12 0.07 (..) -0.32 0.04 (..)
(EPS)
Equity/share EUR 0.53 0.84 -36.9 0.53 0.84 -36.9
(..) = change in excess of 100%
The figures are unaudited. The comparative figures for Evia Oyj
include the figures for Evia Oyj and Evia Helsinki Oy, which was
merged with Evia Oyj on 31 December 2005. This report has been
prepared in accordance with the recognition and measurement
principles of IFRS.
The branch in which Evia Oyj operates is subject to significant
seasonal fluctuations. The best periods for results are generally the
first and last quarters. The weakest period is the third quarter of
the year.
EUR 1,000 10-12 7-9 4-6 1-3
2006 2006 2006 2006
Net sales 2,455 1,426 3,076 3,700
Gross income 1,639 1,176 2,211 2,462
Operating profit -381 -739 -148 287
Profit before taxes -424 -764 -178 268
EUR 1,000 10-12 7-9 4-6 1-3
2005 2005 2005 2005
Net sales 3,730 1,947 2,949 3,499
Gross income 2,733 1,520 1,991 2,512
Operating profit 268 -272 -177 450
Profit before taxes 237 -309 -202 407
Comments by Evia Oyj's Managing Director Jari Torvelainen:
Evias gross income and profitability in Q4 were considerably weaker
than in the corresponding period in 2005. The termination of a number
of key client relationships and the postponement of some major client
projects had a noticeable impact on the result. Our sales work
continued to be intense and resulted in several new clients,
including Karelia, Ixonos (formerly Tieto-X) and Eve. Invoicing for
these projects and the effects of implemented cost cuts will begin to
have an effect in the first half of 2007.
The amount of interest-bearing liabilities decreased significantly
during 2006 and amounted to EUR 0.20 million (EUR 1.23 million) at
year-end.
Our project satisfaction index remained at a healthy level (4.0 on a
scale of 1-5). Our creativity rating increased from 3.8 to 3.9 and
our strategic know-how rating from 3.7 to 3.8. Our goal is to have a
rating of at least 4.0 in all areas.
In spring 2007 we will be moving to Bulevardi 6, part of which has
previously been sublet and part of which has been empty.
In February 2007 Evias Managing Group was strengthened. At the same
time the members areas of responsibility and tasks were clarified in
order to react faster to changes in the client outlook and
profitability. Moreover the goal is to enhance the companys
strategic know-how and creativity image.
EVIA OYJS FINANCIAL STATEMENT BULLETIN FOR 1 JANUARY TO 31 DECEMBER
2006
IAS/IFRS REPORTING
Evia Oyj adopted International Financial Reporting Standards (IFRS)-
compliant reporting on 1 January 2005. The comparable figures for
2005 used in this report are IFRS-compliant.
Under IAS 14, Segment Reporting, Evia Oyj Group's primary reporting
segments in 2006 are the Group's parent company Evia Oyj and Frame
Graphics Oy. Evia offers solutions and services that creatively and
effectively combine marketing elements in order to increase customer
value. Frame Graphics Oy supplies postproduction and animation
services for use in the making of advertising films and television
programs.
NET SALES AND GROSS INCOME
The net sales of Evia Oyj Group in January-December 2006 amounted to
EUR 10.66 million (EUR 12.13 million). Net sales decreased by 12.1%
compared to the corresponding period in 2005. The decrease in net
sales was mainly attributable to the termination of a number of key
client relationships and the postponement of some major client
projects with short notice. Management considered that it was not
possible to invoice for these delays in addition to normal invoicing,
as a result of which the organization was trimmed at the end of the
year according to the outlook.
Net sales by line of business (primary segment distribution)
NET SALES 10-12 10-12 Change, 1-12 1-12 Change
EUR 1,000 2006 2005 % 2006 2005 ,
%
Evia Oyj* 2,202 3,558 -38.1 10,060 11,422 -11.9
Frame Graphics Oy 190 333 -42.9 980 1,115 -12.1
Internal sales 63 -161 (..) -384 -412 -6.8
EVIA OYJ GROUP 2,455 3,730 -34.2 10,656 12,125 -12.1
(..) = change in excess of 100%
* The comparative figures include Evia Oyj and Evia Helsinki Oy,
which merged with Evia Oyj on 31 December 2005.
The performance of Evia Oyj Group's business operations is
illustrated well by the development of gross income, as net sales
include a fluctuating amount of pass-through invoicing from
subcontracting work performed for customers. Gross income consists
primarily of invoicing for work performed by Evia. The figure also
includes a certain amount of subcontracting and media fees, but their
share is negligible.
Gross income by line of business (primary reporting segment)
GROSS INCOME 10-12 10-12 Change, 1-12 1-12 Change
EUR 1,000 2006 2005 % 2006 2005 ,
%
Evia Oyj* 1,483 2,506 -40.8 6,732 7,965 -15.5
Frame Graphics Oy 156 227 -31.3 756 791 -4.4
EVIA OYJ GROUP 1,639 2,733 -40.0 7,488 8,756 -14.5
PROFIT DEVELOPMENT
Evia Oyj Group's operating loss amounted to EUR -0.98 million (EUR
+0.27 million, -464.3%). The Group's expenses for 1-12/2006 were EUR
8.28 million (EUR 8.21 million, +0.8%).
Operating profit by line of business (primary reporting segment))
GROSS INCOME 10-12 10-12 Change, 1-12 1-12 Change
EUR 1,000 2006 2005 % 2006 2005 ,
%
Evia Oyj* -306 233 (..) -807 188 (..)
Frame Graphics Oy -75 35 (..) -173 81 (..)
EVIA OYJ GROUP -381 268 (..) -980 269 (..)
(..) = change in excess of 100%
BALANCE SHEET
The consolidated balance sheet total at the end of the reporting
period was EUR 3.60 million (EUR 5.73 million). This decrease was
primarily attributable to the repayment of loans and the weaker
result. The amount of sales receivables was lower than in the
corresponding period last year.
The change in subcontracting inventories for 10-12/2006 was EUR 0.01
million and the change in working inventories was EUR 0.14 million.
The change in inventories totaled EUR 0.15 million. The value of
inventories on 31 December 2006 was: working inventory EUR 0.34
million, subcontracting inventory EUR 0.06 million, total EUR 0.40
million.
FINANCIAL POSITION
Evia Oyj Groups financial position weakened during the reporting
period compared to the previous financial year. The negative
development of the financial position was primarily attributable to
the weaker result.
Cash reserves at the end of the reporting period amounted to EUR 0.07
million (EUR 0.57 million). The cash flow from operations during the
reporting period was EUR 0.29 million (EUR 0.57 million), and the
total cash flow was EUR -0.50 million (EUR -0.03 million). Evia Oyj
Groups credit limit was changed to a more flexible interest-bearing
account (EUR 600 thousand) as of 1 July 2006. Interest-bearing
account was not used on 31 December 2006.
The Groups equity to total assets ratio at the end of the reporting
period was 51% (51.3%) and the gearing ratio 6.7% (22.6%). The amount
of interest-bearing liabilities decreased from the corresponding
period in 2005 and was EUR 0.20 million (EUR 1.23 million) at the end
of the reporting period.
The return on investment (ROI) during the reporting period was 46.1%
and return on equity (ROE) 31.5%
31.12.2006 31.12.2005 Change,
%
Cash reserves, EUR million 0.07 0.57 -87.7
Interest-bearing 0.20 1.23 -83.7
liabilities, EUR million
Equity to total assets 51.0 51.3 -0.6
ratio, %
Gearing ratio, % 6.7 22.6 -70.4
Current ratio 0.30 0.50 -40.0
Quick ratio 0.05 0.23 -78.3
1-12 1-12 Change,%
2006 2005
Cash flow from operations, 0.29 0.57 -49.4
EUR million
Cash flow, EUR million -0.50 0.03 (..)
(..) = change in excess of 100%
PERSONNEL
Evia Oyj Group employed 91 (90) personnel at the start of the
reporting period and 78 (91) at the end. The number of employees on
fixed-term contracts was 3 (1). The average number of personnel
during the reporting period was 92 (90).
Personnel expenses accounted for 62% (60%) of consolidated operating
expenses.
AVERAGE NUMBER OF 10-12 10-12 Change, 1-12 1-12 Change,
PERSONNEL 2006 2005 % 2006 2005 %
Evia Oyj* 75 82 -8.5 82 82 -
Frame Graphics Oy 10 8 25.0 10 8 25.0
EVIA OYJ GROUP 85 90 -5.6 92 90 2.2
DEVELOPMENT OF OPERATIONS
Evia Oyj
Evia Oyjs operating loss in 2006 was EUR 0.81 million (operating
profit EUR 0.19 million), a weakening of 529.3%. The company had net
sales of EUR 10.06 million (EUR 11.42 million, -11.9%) and gross
income of EUR 6.73 million (EUR 7.97 million, -15.5%). Gross income
per capita during the reporting period was EUR 82,098 (EUR 97,134).
Evia Oyjs expenses during the reporting period amounted to EUR 7.40
million (EUR 7.57 million, -2.2%). The comparative figures include
those of Evia Helsinki Oy, which merged with Evia Oyj on 31 December
2005.
The company employed an average of 82 (82) personnel in 2006. The
companys share of Group net sales during the reporting period was
91.1%, gross income 89.9% and personnel 89.1%.
The Chairman of the Board of Evia Oyj is Jukka Virta and the Managing
Director Jari Torvelainen.
The strategic focus areas for Evia Oyj are the development of the
companys recognition, strategic expertise and creativity, as well as
the development of client relationships, operating methods, service
offerings and personnel.
The overall cost efficiency of operations and faster reactions to
changes in client outlooks are being emphasized in 2007.
Frame Graphics Oy
Frame Graphics Oy had net sales in 2006 of EUR 0.98 million (EUR 1.12
million, -12.1%) and gross income of EUR 0.76 million (EUR 0.79 million, -
4.4%). The companys operating loss in 2006 was EUR 0.17 million
(operating profit EUR 0.08 million, -313.6%).
Frame Graphics Oys expenses during the reporting period amounted to
EUR 0.87 million (EUR 0.64 million, +35.8%).
The company employed an average of 10 (8) personnel in 2006. The
companys share of Group net sales was 8.9%, gross income 10.1% and
personnel 10.9%.
The Managing Director of Frame Graphics Oy is Juha Poraharju.
OPERATING RISKS
Evias Board of Directors has defined what it considers to be
significant operating risks for Evia, as well as the monitoring
systems and operating models used to identify and react to these
risks.
Risk management is based on risk probability, indicators, and
monitoring responsibility within operative management. Operative risk
management is the responsibility of the Managing Director, who
reports regularly to the Board of Directors.
Risks have been defined in the following areas: clients and client
relationships, markets and competition, personnel and expertise,
information security and liquidity.
Within client risks it is significant that the ten biggest client
relationships generate 80% of gross income. The outlook for the
sector remains healthy for 2007 due to the positive development of
the Finnish economy. Competition within the sector remains intense,
which signifies increasing risks for companies in this sector.
Operating risks related to common financing include liquidity, as
well as interest rate risks and credit risks. The aim of managing
financial risks is to ensure sufficient financing for the company.
Alarm limits have been set for all defined risks, based on which
protective measures are implemented. Evia did not carry out credit
risk management during the reporting period with the exception of
various protective measures.
ANNUAL GENERAL MEETING AND ADMINISTRATION
The Annual General Meeting of Shareholders of Evia Oyj on 27 February
2006 adopted the financial statements for 2005 and discharged the
members of the Board of Directors and the Managing Director from
liability for the financial year. The AGM decided in accordance with
the Boards proposal that no dividend will be paid for 2005. The AGM
also decided that the share premium will be reduced by EUR
3,230,930.39 to cover the loss indicated on the adopted balance
sheet.
The AGM decided the Board of Directors shall consist of four members.
Jari Torvelainen, MSc, MBA, and Jukka Virta, MSc (Econ) were re-
elected to the Board. Matti Makkonen, MSc (Eng) and Arja Talma, MSc
(Econ), eMBA, were elected as new members to the Board.
Authorized public accountants BDO FinnPartners Oy, with Pertti
Hiltunen APA as principal auditor and Erkki Manner APA as second
auditor, were elected company auditors for the 2006 financial year.
APA Hannu Riippi was elected as deputy auditor.
At its formation meeting, Evia Oyjs new Board of Directors elected
Jukka Virta, MSc (Econ) to chair the Board and Arja Talma, MSc
(Econ), eMBA, to act as Deputy Chairman. In addition, the Board
decided that no committees would be established since the scope of
the companys business and size of the Board do not warrant the
preparation of items by bodies smaller than the Board.
Jukka Virta, Arja Talma and Matti Makkonen were independent members
of the Board of Directors. Arja Talma resigned from the Board of
Directors on 8 February 2007.
The company complies with the insider trading guidelines issued by
the Helsinki Stock Exchange on 1 January 2006 and the Corporate
Governance Recommendation for listed companies except where stated
otherwise in the companys principles of corporate governance. Evias
principles of corporate governance can be read in the investor
section of the companys website (www.evia.fi) under the section
sijoittajille.
SHARES AND SHARE CAPITAL
Evia Oyjs share capital at the end of the reporting period was EUR
3,465,000. The total number of shares was 3,465,000, each with a
counter-value of EUR 1.00.
Board of Directors authorization
The authorizations of the Board of Directors are valid until 27
February 2007. The companys share capital may be increased by a
maximum of EUR 693,000. The share capital may be increased in one or
more installments through an issue of new shares, convertible bond
loans or stock options.
The company does not hold its own shares, nor does the Board of
Directors have any authorization to acquire the companys own shares.
Shareholders
At the end of the reporting period the company had 463 shareholders
(495).
Share price and trading
The highest price quoted for the companys shares in 2006 was EUR
1.77 in April (EUR 1.65), the lowest price was EUR 1.02 in December
(EUR 1.06), and the average price during the reporting period was EUR
1.33 (EUR 1.46). The closing price on the last day of trading (29
December 2006) was EUR 1.02 (EUR 1.33). Evia Oyjs market
capitalization at the closing price was EUR 3.53 million (EUR 4.61
million).
A total of 593,977 (2,513,784) shares were traded during the
reporting period, which represents 17.1% (72.5%) of the total number
of shares. The total value of traded shares was EUR 0.79 million (EUR
3.66 million).
OUTLOOK
The business is affected by the prevailing economic development and
the changes in the corporate marketing investments. Evia estimates
that the operational environment will improve.
Evias results are impacted mainly by changes in client relationships
and client projects. The company is focusing in 2007 particularly on
increasing the satisfaction of existing clients, increasing
profitability and creating new profitable client relationships.
The number of personnel at the end of 2006 was adjusted to meet sales
expectations.
BOARD OF DIRECTORS PROPOSAL FOR THE PAYMENT OF DIVIDEND
The Board of Directors proposes to the Annual General Meeting
convening on 23 March 2007 that no dividend be paid for the 2006
financial year and that the accounting periods loss will be booked
to profit/loss account.
Evia Oyj
Board of Directors
Further information:
Managing Director Jari Torvelainen
tel. +358 (0)40 555 5553, +358 (0)9 1255 2200
e-mail: jari.torvelainen@evia.fi
Distribution:
Helsinki Stock Exchange and key media
www.evia.fi > Sijoittajille
Appendix: Tables
Consolidated income statement
Consolidated balance sheet
Changes in shareholders equity
Consolidated cash flow statement
Consolidated income statement by quarter
Contingent liabilities
Key financial ratios
Segment information
Net sales
Gross income
Operating profit
Average number of personnel
Calculation of financial ratios
Evia Oyj financial reporting in 2007
CONSOLIDATED INCOME 10-12 10-12 Change, 1-12 1-12 Change,
STATEMENT 2006 2005 % 2006 2005 %
1 000 e
NET SALES 2 455 3 730 -34,2 10 656 12 125 -12,1
Other operating income 108 38 (..) 143 114 25,4
Outsourcing expenses -769 -1 022 -24,8 -3 016 -3 537 -14,7
Change in inventories -155 -13 (
) -295 54 (..)
GROSS INCOME 1 639 2 733 -40,0 7 488 8 756 -14,5
Personel expenses -1 358 -1 423 -4,6 -5 106 -4 949 3,2
Depreciation and
amortization -43 -61 -29,5 -192 -279 -31,2
Other operating expenses -619 -981 -36,9 -3 170 -3 -2,7
259
OPERATING PROFIT -381 268 (..) -980 269 (..)
Financial expenses -43 -31 38,7 -118 -136 -13,2
Profit before taxes -424 237 (..) -1 098 133 (..)
Income taxes 1 -6 1 -6
NET PROFIT -423 231 (..) -1 097 127 (..)
Attributable to:
Equity holders of the -423 231 (..) -1 097 127 (..)
parent company
Minority interests 0 0 0 0
(..) = change in excess of 100%
CONSOLIDATED BALANCE SHEET 31.12.2006 31.12.2005 Change,%
31 DECEMBER 2006
EUR 1,000
ASSETS
NON-CURRENT ASSETS
Tangible assets 361 551 -34,5
Goodwill 1,330 1,341 -0,8
Other intangible assets 11 31 -64,5
Disposable investments 32 248 -87,1
Total non-current assets 1,734 2,171 -20,1
CURRENT ASSETS
Inventories 405 700 -42,1
Trade receivables 1,352 2,269 -40,4
Other current assets 38 19 (..)
Cash reserves 73 569 -87,2
Total current assets 1,868 3,557 -47,5
Total assets 3,602 5,728 -37,1
SHAREHOLDERS EQUITY AND
LIABILITIES
Share capital 3,465 3,465 0.0
Share premium account 0 3,231 (..)
Retained earnings -538 -3,896 -86,2
Profit for the financial year -1,097 127 (..)
Minority interests 0 0
Total shareholders equity 1,830 2,927 -37,5
NON-CURRENT LIABILITIES 160 268 -40,3
CURRENT LIABILITIES 1,612 2,533 -36,4
(..) = change in excess of 100%
CHANGES IN SHAREHOLDERS EQUITY 1 JANUARY TO 31 DECEMBER 2006
EUR 1,000 Share Share Retained Total
capital premium earnings
account
Equity 1.1.2006 3,465 3,231 -3,769 2,927
Transfer from share 0 -3,231 3,231 0
premium account
Profit for the 0 0 -1,097 -1,097
financial year
Equity 31.12.2006 3,465 0 -1,635 1,830
CONSOLIDATED CASH FLOW STATEMENT
1 000 e 1012 1012 Change, 1-12 1-12 Change,
2006 2005 % 2006 2005 %
Profit before taxes -23 237 (..) -1,097 133 (..)
Income adjustments 43 55 -21,8 192 273 -29,7
Change in the 296 -25 (
) 1 198 167 (..)
operating profit
Cash flow from
business operations -84 267 (..) 293 573 -48,9
Gross investments -17 -4 (..) -24 -27 11,1
Tangible asset 216 8 (..) 270 42 (..)
sales
CASH FLOW FROM 199 4 (..) 246 15 (..)
INVESTING
ACTIVITIES
Change in foreign -72 -50 44,0 -1 035 -561 84,5
equity
Dividend 0 0 0 0 0 0
Other change in 0 0 0 0 0 0
shareholders equity
CASH FLOW FROM -72 -50 44,0 -1 035 -561 84,5
FINANCING
ACTIVITIES
NET CASH FLOW 43 221 -80,5 -496 27 (..)
CASH RESERVES IN
1.1.2006 30 348 -91,4 569 542 5,0
CASH RESERVES IN
31.12.2006 73 569 -87,2 73 569 -87,2
(..) = change in excess of 100%
CONSOLIDATED INCOME STATEMENT BY QUARTER
EUR 1,000 1-3 1-3 4-6 4-6
2006 2005 2006 2005
NET SALES 3,700 3,076 1,426 2,455
Other operating income 29 6 0 108
Outsourcing expenses -1,201 -823 -225 -769
Change in inventories -66 -48 -25 -155
Gross income 2,462 2,211 1,176 1,639
Personnel expenses -1,299 -1,457 -993 -1,358
Depreciation and amortization -53 -49 -47 -43
Other operating expenses -823 -853 -875 -619
Operating profit 287 -148 -739 -381
Financial expenses -19 -30 -25 -43
Profit before taxes 268 178 -764 -424
Income taxes -1 1 0 1
NET PROFIT 267 -177 -764 -423
Attributable to:
Equity holders of the parent 267 -177 -764 -423
company
CONSOLIDATED INCOME STATEMENT BY QUARTER
EUR 1,000 1-3 4-6 7-9 10-12
2005 2005 2005 2005
NET SALES 3,499 2,949 1,947 3,730
Other operating income 18 15 43 38
Outsourcing expenses -883 -1,016 -616 -1,022
Change in inventories -122 43 146 -13
Gross income 2,512 1,991 1,520 2,733
Personnel expenses -1,238 -1,321 -967 -1,423
Depreciation and amortization -77 -75 -66 -61
Other operating expenses -747 -772 -759 -981
Operating profit 450 -177 -272 268
Financial expenses -43 -25 -37 -31
Profit before taxes 407 -202 -309 237
Income taxes 0 0 0 -6
NET PROFIT 407 -202 -309 231
Attributable to:
Equity holders of the parent 407 -202 -309 231
company
Minority interests
CONTINGENT LIABILITIES
EUR 1,000 31.12.2006 31.12.2005 Change,
%
Floating charges
Group companies* 1,000 1,000 0
Collateral given
Group companies 0 216 (..)
Guarantees
Group companies 34 40 -15
Leasing liabilities 598 485 -23
Total 1,632 1,834 -6
* As collateral on a EUR 0.6 million formalized line of
credit
(..) = change in excess of 100%
KEY FINANCIAL RATIOS 1-12 1-12 Change, %
2006 2005
Earnings/share (EPS), EUR -0.12 0.07 (..)
Equity/share, EUR 0.53 0.84 -36.9
Return on equity, % (12 -82.9 32.7 (..)
months)
Return on investment, -66.9 26.4 (..)
% (12 months)
Equity to total assets ratio, 51.0 51.3 -0.6
%
Gross capital expenditure, 17 4
EUR 1,000
(..) = change in excess of 100%
SEGMENT INFORMATION
NET SALES 10-12 10-12 Change, 1-12 1-12 Change,
1 000 e 2006 2005 % 2006 2005 %
Evia Oyj* 2,202 3,558 -38,1 10,060 11,422 -11,9
Frame Graphics Oy 190 333 -42,9 980 1,115 -12,1
Internal sales 63 -161 (..) -384 -412 -6,8
EVIA OYJ GROUP 2 455 3 730 -34,2 10 656 12 125 -12,1
GROSS INCOME 10-12 10-12 Change, 1-12 1-12 Change,
1 000 e 2006 2005 % 2006 2005 %
Evia Oyj* 1 483 2 506 -40,8 6 732 7 965 -15,5
Frame Graphics Oy 156 227 -31,3 756 791 -4,4
EVIA OYJ GROUP 1 639 2 733 -40,0 7 488 8 756 -14,5
OPERATING PROFIT 10-12 10-12 Change, 1-12 1-12 Change,
1 000 e 2006 2005 % 2006 2005 %
Evia Oyj* -306 233 (..) -807 188 (..)
Frame Graphics Oy -75 35 (..) -173 81 (..)
EVIA OYJ GROUP -381 268 (..) -980 269 (..)
AVERAGE NUMBER OF 10-12 10-12 Change, 1-12 1-12 Change,
PERSONNEL 2006 2005 % 2006 2005 %
Evia Oyj* 75 82 -8,5 82 82 0,0
Frame Graphics Oy 10 8 25,0 10 8 25,0
EVIA OYJ GROUP 85 90 -5,6 92 90 2,2
* The comparative figures include Evia Oyj and Evia Helsinki Oy,
which merged with Evia Oyj on 31 December 2005
(..) = change in excess of 100%
Figures are unaudited.
Calculation of financial ratios:
Earnings/share:
Profit before extraordinary items, reserves and taxes taxes +/
minority interest
Average number of shares adjusted for share issues
Equity/share:
Shareholders equity
Number of shares adjusted for share issues on date of financial period
Return on investment, %:
(Profit before extraordinary items + financial expenses) x 100
Balance sheet total non-interest-bearing debt (on average)
Return on equity, %:
Profit before extraordinary items taxes x 100
Shareholders equity + minority interest
Equity to total assets ratio, %:
(Shareholders equity + minority interest) x 100
Balance sheet total - advance payments received
EVIA OYJ'S FINANCIAL INFORMATION IN 2007
Interim report for January-March 2007 25 April 2007
Interim report for January-June 2007 20 August 2007
Interim report for January-September 2007 29 October 2007
Evia Oyj's annual report for 2006 will be published during week
11/2007.
The Annual General Meeting will be held on Friday 23 March 2007 at
1pm at Evia Oyj's offices at Lönnrotinkatu 28, 00180 Helsinki.
Further information is available from:
Managing director Jari Torvelainen
Tel: +358 (0)40 555 5553
e-mail: jari.torvelainen@evia.fi
Evia Oyjs Financial Statement Bulletin for 2006
| Source: Evia Oyj