Otava Group’s 2020 Financial Statement Bulletin


Otava Group’s result remains good

Otava Group’s net sales fell by 3 per cent to EUR 277.7 (286.2) million. Considering the circumstances, the Group’s operating profit excluding non-recurring items remained excellent, totalling EUR 31.6 million. The result contains EUR 2.4 (1.8) million in personnel incentives and the associated social contributions. Profit for the financial year totalled EUR 26.5 (17.3) million, including Otava’s share of Alma Media Oyj’s result. Otava Ltd has a 29 per cent holding in Alma Media. Cash flow from business operations was excellent, totalling EUR 51.1 (35.5) million. At year-end, the Otava Group’s equity ratio stood at 63.7 (69.0) per cent.

Henrik Ehrnrooth
Chairman of the Board of Directors

Alexander Lindholm
Group CEO

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