Stock exchange release
Net sales for July-September rose by 7.1 per cent, operating profit (EBITA) improved by 1.1 per cent on the previous year
July-
- Net sales
EUR 41.0 (38.3) million, up 7.1 per cent, of which 5.9 per cent was organic growth -
Operating profit (EBITA):
EUR 3.4 (3.4) million, up 1.1 per cent; EBITA margin: 8.3 (8.8) per cent of net sales -
Operating profit (EBIT):
EUR 2.7 (2.4) million, up 12.4 per cent; EBIT margin: 6.6 (6.3) per cent of net sales -
Earnings per share:
EUR 0.07 (0.08) 20 September 2023 : agreement on the acquisition of the entire share capital of Top ofMinds AB
January-
- Net sales:
EUR 138.9 (122.0) million, up 13.9 per cent, of which 8.7 per cent was organic growth -
Operating profit (EBITA):
EUR 11.7 (10.6) million, up 9.6 per cent; EBITA margin: 8.4 (8.7) per cent of net sales -
Operating profit (EBIT):
EUR 9.5 (8.5) million, up 11.9 per cent; EBIT margin: 6.9 (7.0) per cent of net sales -
Earnings per share:
EUR 0.25 (0.27) - Return on investment: 11.9 (11.6) per cent
- Equity ratio: 45.2 (45.6) per cent
Unless otherwise stated, the comparison figures provided in parentheses refer to the corresponding period of the previous year.
Group key figures
7-9/ 2023 | 7-9/ 2022 | Change, % | 1-9/ 2023 | 1-9/ 2022 | Change, % | 1-12/2022 | |
Net sales | 41,046 | 38,318 | 7.1% | 138,927 | 122,019 | 13.9% | 170,754 |
Operating profit (EBITA) | 3,390 | 3,354 | 1.1% | 11,650 | 10,630 | 9.6% | 15,733 |
- as a % of net sales | 8.3% | 8.8% | 8.4% | 8.7% | 9.2% | ||
Operating profit (EBIT) | 2,717 | 2,418 | 12.4% | 9,518 | 8,505 | 11.9% | 12,727 |
- as a % of net sales | 6.6% | 6.3% | 6.9% | 7.0% | 7.5% | ||
Result for the period | 1,856 | 2,126 | -12.7% | 6,736 | 7,258 | -7.2% | 9,571 |
- as a % of net sales | 4.5% | 5.5% | 4.8% | 5.9% | 5.6% | ||
Return on equity, % | 12.6% | 14.1% | 13.6% | ||||
Return on investment, % | 11.9% | 11.6% | 12.7% | ||||
Cash flow from operations | 14,252 | ||||||
Interest-bearing net liabilities | 36,176 | 22,316 | 62.1% | 17,608 | |||
Net gearing, % | 51.1% | 32.2% | 24.8% | ||||
Equity ratio, % | 45.2% | 45.6% | 45.9% | ||||
Number of personnel at period-end | 1,459 | 1,421 | 2.7% | 1,426 | |||
Average number of personnel | 1,447 | 1,427 | 1.4% | 1,443 | 1,387 | 4.0% | 1,399 |
Shareholders' equity | 70,859 | 69,329 | 2.2% | 71,087 | |||
Balance sheet total | 161,185 | 155,079 | 3.9% | 160,116 | |||
Earnings per share, EUR | 0.07 | 0.08 | -12,7% | 0.25 | 0.27 | -5.7% | 0.36 |
Earnings per share (diluted), EUR | 0.07 | 0.08 | -12.9% | 0.25 | 0.27 | -7.7 % | 0.36 |
CEO's Review:
"Digia continued to grow profitably. In January-September, our net sales grew by 13.9 per cent to
Digia's business consists of four specialised service areas: Digital Solutions, Business Platforms, Financial Platforms and Managed Solutions. The third quarter saw good net sales growth in all service areas with the exception of Business Platforms, in which growth was limited by customer caution and delays in decision-making. However, this service area still has a strong bid volume. During the review period, we launched significant cooperation in the Business Platforms service area with Lahti Energia, to whom we will supply a
Net sales growth in the third quarter was driven by service design and customer relationship management solutions, customised software development and NetSuite ERP solutions. Particularly strong growth was seen in the Managed Solutions service area's high-security solutions, continuous services and Digia's automation and artificial intelligence services. Comparable net sales for the latter grew by 150 per cent on the third quarter of last year. Valio was the most significant new customer for this service. We launched a project to replace Valio's existing robotic process automation with Digia's automation and artificial intelligence service.
Other significant customer agreements in the third quarter included an approximately
In line with our strategy, we continued to invest in future sustainable growth and the internationalisation of our business in the third quarter. On 20 September, we signed an agreement to acquire the Swedish IT consulting and service company Top of
During the review period, we also strengthened our position as
Our responsible way of working is integral to our strategy and instrumental to our business success.
We are among the first to prepare for the EU's upcoming Corporate Sustainability Reporting Directive. During the review period, we completed our double materiality assessment, in which we defined the sustainability themes that are essential for our company in accordance with the new directive.
Continuous learning is an integral part of our culture. We are taking part in the
Profit guidance for 2023 remains unchanged
Digia's profit guidance for 2023 remains unchanged: Digia's net sales (
Events after the review period
On 20 September, we signed an agreement to acquire the entire share capital of the Swedish IT consulting and service company Top of
Briefing invitation
A briefing for analysts will be held at
The material and presentation for the event will be available from
Financial reporting in 2024
In 2024, Digia will publish its Financial Statement Bulletin, two business reviews, and half-year interim report as follows:
- Financial Statement Bulletin 2023: Friday,
9 February 2024 at8:00 am EET -
Business Review 1-3/2024: Wednesday,
8 May 2024 at8:00 am EEST -
Half-year Financial Report 1-6/2024: Friday,
9 August 2024 at8:00 am EEST -
Business Review 1-9/2024: Wednesday,
25 October 2024 at8:00 am EEST
The 2023 Annual Report will be published on
For further information, please contact:
Timo Levoranta, President & CEO
Switchboard +358 (0)10 313 3000
Distribution
Nasdaq
Key media
digia.com
Digia is a software and service company that combines technological possibilities and human capabilities to build intelligent business, society and a sustainable future. Our mission is to ensure that our customers are at the forefront of digital evolution. There are more than 1,400 of us working at Digia and we operate globally with our customers. Digia's net sales totalled
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