The Otava Group’s Financial Statements Release for 2019


The Otava Group’s result remains good

The Otava Group’s net sales fell by 4 per cent to EUR 286.2 (299.1) million. The Group’s operating profit excluding non-recurring items remained at a good level and totalled EUR 31.4 million. The result contains EUR 1.8 (1.5) million in personnel incentives and their associated social contributions. Profit for the financial year totalled EUR 17.3 (20.7) million, including Otava’s share of Alma Media’s result. Otava Ltd has a 29 per cent holding in Alma Media. Cash flow from operating activities remained good at EUR 35.5 (36.8) million. At year-end, the Otava Group’s equity ratio stood at 69.0 (62.5) per cent.

Henrik Ehrnrooth
Chair of the Board of Directors

Alexander Lindholm
Group CEO

For more information, please contact Alexander Lindholm, CEO, tel. +358 (0)40 833 0126,