Kotipizza Group Oyj reported unaudited consolidated earnings results for the first quarter ended April 30, 2017. For the quarter, the company reported net sales of EUR 19,225,000 against EUR 15,387,000 for the same period a year ago. Operating profit was EUR 1,269,000 against EUR 1,045,000 for the same period a year ago. Profit before taxes was EUR 1,086,000 against EUR 855,000 a year ago. Profit for the period was EUR 839,000 against EUR 655,000 a year ago. Basic, profit for the period attributable to ordinary equity holders of the parent (no dilutive instruments) was EUR 0.13 against EUR 0.10 a year ago. Net cash flows from operating activities were EUR 1,348,000 against EUR 1,442,000 for the same period a year ago. Investments for tangible assets were EUR 20,000 against EUR 40,000 for the same period a year ago. Investments for non-tangible assets were EUR 506,000 against EUR 337,000 for the same period a year ago. Comparable EBIT was EUR 1,321,000 against EUR 1,045,000 a year ago. Comparable net sales were EUR 18,281,000 against EUR 15,387,000 a year ago. Reported EBITDA was EUR 1,565,000 against EUR 1,286,000 a year ago. Comparable EBITDA was EUR 1,617,000 against EUR 1,286,000 a year ago. Net debt was EUR 7,263,000 as on April 30, 2017 against EUR 8,730,000 as on April 30, 2016.

The Group estimates for the full financial year 2018 that the chain-based net sales will grow by over 10% as compared to the previous year and that comparable EBITDA will grow as compared to the previous year.