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Yle's year 2020

Yle's financial figures 2020

Covid-19 pandemic had a significant impact on Yle's operation. The financial performance remained stable.

Turnover EUR 487.6 million

― Change from previous year % 2.0

Costs and depreciations EUR 481.4 million

― Change from previous year % +1,5

Profit for the financial year EUR 7.2 million

― Previous profit EUR 6.0 million

In accordance with the guidelines of Yle’s Administrative Council, the annual fluctuations in Yle’s result must offset each other in the long term. The fluctuations in the result arise mainly from major sport events that are organised regularly every two years.

The exceptional year caused by the Covid-19 pandemic had a significant impact on the result for 2020, as major sports events were postponed and reorganisations were made to Yle’s programming. 

Yle's cost structure in 2020, tot. 481.4 million euros

  1. 78% Content and services €375.2 million
  2. 11% Technology and infrastructure €52.9 million
  3. 6% Joint operations and administration €29.0 million
  4. 5% Depreciation €23.3 million
  5. 0% Sales €1.1 million

Key figures

2020 2019 2018 2017 2016
SCOPE OF OPERATIONS (EUR million / %)
Net turnover 487,6 478,0 471,6 472,3 470,9
Change % 2,0 1,3 -0,1 0,3 0,7
Other operating income 2,6 2,7 2,7 2,7 2,3
Change % -1,2 -1,6 -0,4 18,2 -45,9
Cost and amortisation 481,4 474,5 481,8 467,9 476,1
Change % 1,5 -1,5 3,0 -1,7 1,6
Balance sheet total 368,7 308,7 315,4 296,4 286,1
Gross capital investments, tangible and intangible assets * 14,9 20,7 17,7 19,8 25,6
% of net turnover 3,1 4,3 3,7 4,2 5,4
PROFITABILITY (EUR million / %)
EBITDA 84,9 78,5 69,3 83,4 74,2
% of net turnover 17,4 16,4 14,7 17,7 15,8
Operating profit (loss) 8,8 6,1 -7,5 7,0 -2,9
% of net turnover 1,8 1,3 -1,6 1,5 -0,6
Profit (loss) for the financial year 7,2 6,0 -5,5 6,9 -2,9
% of net turnover 1,5 1,3 -1,2 1,5 -0,6
FINANCING AND FINANCIAL POSITION
Quick ratio 0,2 0,3 0,4 0,5 0,4
Equity ratio % 38,7 43,8 41,0 45,5 44,7
Interest-bearing liabilities (EUR million) 47,0 61,2 48,8 41,2 50,2
PERSONNEL
Avarage number of personnel years
during the period ** 3296 3304 3309 3333 3490
Wages, salaries (EUR million) 175,2 171,4 167,8 166,6 171,5
Fees (EUR million) 11,0 11,6 13,1 12,3 12,1
Wages, salaries and fees total (EUR million) 186,2 183,0 181,0 179,0 184,0
* Excluding broadcasting right acquisitions ** Includes permanent, fixed-term, hourly and performance-based employment relationships.

Creating work for the creative field 

According to the income statement, our spending was as follows (2019 in parentheses):

  • EUR 36.7 million on broadcasting fees, broadcasting right fees and rebroadcasting fees related to music and radio, as well as other rights fees related to programmes (34,4)

  • EUR 33.9 million on acquired domestic programming in various media (29.6)

  • EUR 18.7 million on sports and foreign programmes (21.4)

  • EUR 18.3 million on other broadcasting services (20.7) 

  • EUR 43.5 million on technology expenses (45.2)

  • EUR 27.8 million on distribution costs (25.6).

  • EUR 20.4 million on lease and property costs (22.1).

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