Kotipizza Group Oyj reported consolidated earnings results for the second quarter and six months ended July 31, 2018. For the quarter, net sales were €24,307,000 against €21,123,000 a year ago. Operating profit was €1,999,000 against €2,062,000 a year ago. Profit before taxes was €1,821,000 against €1,822,000 a year ago. Profit for the period was €1,402,000 or €0.22 basic per share against €1,430,000 or €0.23 basic per share a year ago. EBITDA was €2,378,000 against €2,436,000 a year ago. EBIT was €1,999,000 against €2,062,000 a year ago. Comparable EBITDA was €2,710,000 against €2,519,000 a year ago. Comparable EBIT was €2,331,000 against €2,145,000 a year ago.

For the six months, net sales were €45,837,000 against €40,348,000 a year ago. Operating profit was €3,488,000 against €3,331,000 a year ago. Profit before taxes was €3,372,000 against €2,908,000 a year ago. Profit for the period was €2,678,000 or €0.42 basic per share against €2,268,000 or €0.36 basic per share a year ago. Net cash flows from operating activities were €620,000 against €588,000 a year ago. Investments for tangible assets were €347,000 against €32,000 a year ago. Investments for non-tangible assets were €825,000 against €807,000 a year ago. EBITDA was €4,216,000 against €4,001,000 a year ago. EBIT was €3,488,000 against €3,331,000 a year ago. Comparable EBITDA was €4,611,000 against €4,173,000 a year ago. Comparable EBIT was €3,909,000 against €3,503,000 a year ago. Net debt was €12,268,000 against €11,723,000 a year ago.

The Group estimates for the full financial year started 1 February 2018 that the total chain sales of it restaurant chains will be approximately €120 million and that comparable EBITDA will increase as compared to previous year.