Net sales fell by one per cent to EUR 229.9 million (232.8 in the previous year).  Digital products and services accounted for an increased proportion of sales: 17.7 per cent of net sales (17.4). The Group’s operating profit, EUR 17.0 (17.1) million, remained at the same level as last year. Maintaining the result at a good level was based on timely efficiency-boosting measures and good cost management in a challenging operating environment. Profit for the financial year totalled EUR 19.3 (21.3) million, including Otava’s share of Alma Media Corporation’s result. The result contains EUR 2.4 million in personnel incentives and the associated social contributions. Otava Ltd has a 38.01 per cent holding in Alma Media. Dividends received from Alma Media amounted to EUR 11.6 (10.6) million. Cash flow from operating activities was EUR 39.8 (40.6) million. At year-end, the Otava Group’s equity ratio stood at 88.1 (81.1) per cent.

Henrik Ehrnrooth                                      Alexander Lindholm
Chair of the Board                                   Group CEO

For more information, please contact Alexander Lindholm, CEO, tel. +358 (0)40 833 0126, alexander.lindholm@otava.fi