Sievi Capital plc reported audited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported turnover of EUR 130.8 against EUR 121.7 for the same period a year ago. Operating profit was EUR 8.5 million against EUR 7.6 million a year ago. Profit before tax was EUR 7.5 million against EUR 8.3 million a year ago. Net profit for the period attributable to equity holders of the parent was EUR 5.2 million or EUR 0.08 per share against EUR 6.5 million or EUR 0.10 per share a year ago. Adjusted operating income was EUR 8.5 million against EUR 7.7 million a year ago. Adjusted net profit for the period was EUR 5.2 million against EUR 6.7 million a year ago.

For the nine months, the company reported turnover of EUR 385.5 against EUR 385.7 for the same period a year ago. Operating profit was EUR 21.7 million against EUR 4.4 million a year ago. Profit before tax was EUR 20.3 million against EUR 4.4 million a year ago. Net profit for the period attributable to equity holders of the parent was EUR 15.3 million or EUR 0.24 per share against loss of EUR 1.2 million or EUR 0.02 per share a year ago. Net cash from operating activities was EUR 7.3 million against EUR 3.1 million a year ago. Investments in tangible and intangible assets were EUR 17.3 million against EUR 3.5 million a year ago. Return on equity was 18.3% against negative return on equity of 1.6% a year ago. Adjusted operating income was EUR 21.7 million against EUR 17.6 million a year ago. Adjusted net profit for the period was EUR 15.3 million against EUR 12.5 million a year ago. Book value at the end of the period was EUR 46.6 against EUR 40.8 a year ago.

The company estimates that its turnover for 2017 will be EUR 500 million - EUR 530 million and the operating profit will amount to EUR 28 million - EUR 31 million.