Net sales remained almost unchanged at EUR 320.1 (previous year: EUR 319.4) million. The Group’s operating profit improved to EUR 21.3 (16.4) million. The improvement in the result was based on timely efficiency improvement measures and good cost management in a difficult operating environment. Profit for the financial year was EUR 56.1 (38.3) million, including profit shares from Alma Media Corporation and Enento Corporation. At the end of the year, Otava Ltd held 38.06% of Alma Media and 26.51% of Enento. The result contains EUR 3.2 (2.4) million in personnel incentives and the associated social contributions. Cash flow from operating activities was 54.5 (55.8). million euros. At year-end Otava Group’s equity ratio was 84.3% (81.9%).

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