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About Yle

Yle's year 2018

Economic figures

In 2018 Yle’s economy remained balanced.

Net turnover EUR 471.6 million

PY change - 0.1 %

Cost and amortisation EUR 481.8 million

PY change 3.0 %

Loss for the financial year EUR 5.5 million

PY profit EUR 6.9 million

In accordance with the guidelines set by the Administrative Council, the annual fluctuations in the company’s result must offset each other so that the financial standing remains balanced.
The fluctuations in the result mainly arise from major sport events that are organised every two years.

Yle’s cost structure in 2018, tot. 481.8 million euros

  1. 79% Content and services (€381.8 million)
  2. 11% Technology and infrastructure (€54.4 million)
  3. 5% Depreciation (€23.3 million)
  4. 4% Joint operations and administration (€21.6 million)
  5. 1% Sales (€0.6 million)

Content and services in 2018, tot. 381.8 million euros

  1. 22% Culture and Entertainment (€82.8 million)
  2. 19% National News and Current Affairs (€72.4 million)
  3. 14% Factual (€54.3 million
  4. 14% Drama (€52.5 million)
  5. 13% Sport (€50.7 million)
  6. 12% Regional News and Current Affairs (€47 million)
  7. 6% Children and Youth (€22.2 million)

*) The shares of the content units of 2018 are not entirely comparable to 2017 because the data has been elaborated.


Key figures

2018 2017 2016 2015 2014
SCOPE OF OPERATIONS (EUR million / %)
Net turnover 471,6 472,3 470,9 467,8 472,9
Change, % -0,1 0,3 0,7 -1,1 1,5
Other operating income 2,7 2,7 2,3 4,2 2,6
Change, % -0,4 18,2 -45,9 63,1 -20,0
Cost and amortisation 481,8 467,9 476,1 468,5 480,0
Change, % 3,0 -1,7 1,6 -2,4 3,3
Balance sheet total * 315,4 296,4 286,1 290,5 292,5
Gross capital investments, tangible and intangible assets ** 17,7 19,8 25,6 21,7 26,9
% of net turnover 3,7 4,2 5,4 4,6 5,7
PROFITABILITY (EUR million / %)
EBITDA 69,3 83,4 74,2 76,0 81,1
% of net turnover 14,7 17,7 15,8 16,2 17,2
Operating profit (loss) -7,5 7,0 -2,9 3,6 -4,4
% of net turnover -1,6 1,5 -0,6 0,8 -0,9
Profit (loss) for the financial year -5,5 6,9 -2,9 1,3 -4,7
% of net turnover -1,2 1,5 -0,6 0,3 -1,0
FINANCING AND FINANCIAL POSITION
Quick ratio * 0,4 0,5 0,4 0,3 0,4
Equity ratio, % * 41,0 45,5 44,7 45,0 44,3
Interest-bearing liabilities (EUR million) 48,8 41,2 50,2 55,9 62,5
PERSONNEL
Average number of personnel years
during the period *** 3309 3333 3490 3555 3695
Wages, salaries (EUR million) 167,8 166,6 171,5 173,3 175,5
Fees (EUR million) 13,1 12,3 12,1 11,9 12,9
Wages, salaries and fees total (EUR million) 180,9 178,9 183,7 185,2 188,5
* The method of presentation of intangible rights and liabilities was changed during the financial year. The acquisition cost of broadcasting rights is recognised in intangible rights once the rights and obligations related to the broadcasting rights have been transferred to the company. Previously, broadcasting rights were recognised in intangible rights to the extent that they had been paid and in offbalance sheet liabilities to the extent that they had not been paid. The change affects the key indicators presented and the essential parts of the comparison data were changed to match the new practice. ** Excluding broadcasting right acquisitions *** Includes permanent, fixed-term, hourly and performance-based employment relationships.

The vitality of the creative sector

According to the profit and loss account Yle used (year 2017):

  • EUR 89.1 million for the broadcasting and copyright fees and other expenses (88.0)
  • EUR 26.5 million for the domestic purchased programmes in various media (30.1)
  • EUR 27.0 million for the broadcasting fees for sports and foreign programmes (21.0)
  • EUR 35.6 million in the broadcasting fees related to music and radio, broadcasting right fees, rebroadcasting fees and other rights fees related to programmes (36.8).
  • We used EUR 71.0 million in external services (63.6) includes information technology services, production services, property management services, repair, maintenance and other services.
  • Content highlights of the year

    Get to know our most important projects and content.

    Our diverse programming in 2018 included major events bringing people together, influential projects, short drama for the young, investigative journalism, new experiments and international initiatives.

  • Annual General Meeting

    Our Annual General Meeting was held on 8 May 2018.

    Yle’s Annual General Meeting was held on 8 May 2018.

  • Economic figures

    In 2018 Yle’s economy remained balanced.

    Get to know our net turnover, costs and amortisations.