Search

Result analysis

Tecnotree’s net sales for the financial period were EUR 47.0 (41.9). The adjusted operating result was 13.0 (5.9) million and the operating result EUR 14.4 (5.3) million. The adjusted result for the period was EUR 6.3 million (0.1) and the result for the financial period was EUR 7.7 million (-0.5)

Tecnotree’s fourth quarter net sales were EUR 14.1 (12.1) million. The adjusted operating result was 4.1 (4.5) million and the operating result EUR 4.1 (4.0) million. The adjusted result was EUR 2.8 (1.7) and the result for the fourth quarter was EUR 2.8 million (1.1).

Financial items without currency differences and other one-time costs in financial items for the financial period were EUR -0.3 (-1.1) million and in the fourth quarter EUR 0.1 (-0.3) million. Exchange rate differences for the financial period were EUR -2.3 (0.3) million and in the fourth quarter EUR -0.8 (-0.3) million in the financial items. It is important to examine Tecnotree’s result without the impact of exchange rates, which is why this is shown separately in the table above.

Tecnotree reports its result as follows:

Financial income and expenses (net) during the financial period totalled a net loss of EUR 2.6 million (net loss of EUR 0.8 million). Here is a breakdown of these: 

FINANCIAL INCOME AND EXPENSES, MEUR 2019 2018
Interest income 0.3 0.3
Exchange rate gains 0.2 0.5
Other financial income 0.0 0.0
FINANCIAL INCOME, TOTAL 0.5 0.8
Interest expenses -0.6 -0.5
Exchange rate losses -2.4 -0.2
Other financial expenses -0.1 -1.0
FINANCIAL INCOME, TOTAL -3.1 -1.7
FINANCIAL ITEMS TOTAL -2.6 -0.8

 

Taxes for the period totalled EUR 4.0 million (4.9) including the following items:

TAXES IN INCOME STATEMENT, MEUR 2019 2018
Withholding taxes paid abroad -2.9 -3.9
Change in withholding tax accrual -0.4 0.1
Income taxes on the results of Group companies -0.3 -0.9
Other items -0.4 -0.2
TAXES IN INCOME STATEMENT, TOTAL -4.0 -4.9

Earnings per share were EUR 0.03 (-0.00) in the financial period and EUR 0.01 (0.01) in the fourth quarter. Equity per share at the end of the period was EUR 0.01 (-0.04).