Media company Ilkka reported its first quarter results, showing a turnover of 13.5 million euros in January-March, down from 14.2 million euros in the comparison period. The operating loss was -0.6 million euros, while profit before taxes was 0.8 million euros. Earnings per share were EUR 0.02, compared to EUR 0.00 previously.
CEO Olli Pirhonen highlighted the cautious marketing investments by companies due to the uncertain economic situation. He stated that the company reiterated its guidance for 2024, expecting turnover to remain stable or slightly increase, with adjusted operating profit also expected to rise.
The company emphasized the uncertain prospects due to the geopolitical situation and economic uncertainties. In 2023, Ilkka had a turnover of 56.1 million euros and an adjusted operating profit of 0.4 million euros.
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