Profit Performance and Profitability

Profit Performance and Profitability

Digia’s consolidated operating profit before extraordinary items for the reporting period was EUR 8.4 (4.5) million, up 88.3 per cent year on year. Profitability (EBIT%) before extraordinary items was 7.8 (4.6) per cent.

Digia’s consolidated operating profit after extraordinary items for the review period was EUR 7.6 (4.3) million. Profitability (EBIT%) after extraordinary items was 7.1 (4.4) per cent. Extraordinary items include EUR 0.8 million in restructuring costs (1-12/2014: EUR 0.2 million).

In the domestic segment, operating profit before extraordinary items totalled EUR 6.5 (6.3) million, up 2.7 per cent, with profitability (EBIT%) at 8.0 (8.2) per cent. Operating profit after extraordinary items was EUR 5.9 (6.3) million and profitability (EBIT%) 7.2 (8.2) per cent.

The Qt business recorded an operating profit of EUR 1.9 (-1.9) million before extraordinary items for the financial year, and the segment's profitability (EBIT%) was 7.1 (-9.1) per cent. Qt's operating profit after extraordinary items was EUR 1.8 (-2.0) million and its profitability (EBIT%) stood at 6.6 (-9.8) per cent.

The increase in consolidated operating profit could be largely attributed to Qt's significant net sales growth and the resulting major profitability improvement in the Qt segment.

Consolidated earnings before tax for the year totalled EUR 6.9 (3.6) million, and net profit was EUR 5.2 (2.9) million.

The Group’s net financial expenses during the financial year were EUR 0.7 (0.7) million.