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Yle's year 2019

Economic figures in 2019

The financial performance remained stable. The result showed a profit of EUR 6.0 million in 2019.

Turnover EUR 478.0 million

― Change from previous year % 1.3

Costs and depreciations EUR 474.5 million

― Change from previous year % -1.5

Profit for the financial year EUR 6.0 million

― Previous year’s loss EUR -5.5 million

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

Key figures

2019 2018 2017 2016 2015
SCOPE OF OPERATIONS (EUR million / %)
Net turnover 478,0 471,6 472,3 470,9 467,8
Change % 1,3 -0,1 0,3 0,7 -1,1
Other operating income 2,7 2,7 2,7 2,3 4,2
Change % -1,6 -0,4 18,2 -45,9 63,1
Cost and amortisation 474,5 481,8 467,9 476,1 468,5
Change % -1,5 3,0 -1,7 1,6 -2,4
Balance sheet total 308,7 315,4 296,4 286,1 290,5
Gross capital investments, tangible and intangible assets * 20,7 17,7 19,8 25,6 21,7
% of net turnover 4,3 3,7 4,2 5,4 4,6
PROFITABILITY (EUR million / %)
EBITDA 78,5 69,3 83,4 74,2 76,0
% of net turnover 16,4 14,7 17,7 15,8 16,2
Operating profit (loss) 6,1 -7,5 7,0 -2,9 3,6
% of net turnover 1,3 -1,6 1,5 -0,6 0,8
Profit (loss) for the fiscal year 6,0 -5,5 6,9 -2,9 1,3
% of net turnover 1,3 -1,2 1,5 -0,6 0,3
FINANCING AND FINANCIAL POSITION
Quick ratio 0,3 0,4 0,5 0,4 0,3
Equity ratio % 43,8 41,0 45,5 44,7 45,0
Interest-bearing liabilities (EUR million) 61,2 48,8 41,2 50,2 55,9
PERSONNEL
Avarage number of personnel years
during the period ** 3304 3309 3333 3490 3555
Wages, salaries (EUR million) 171,4 167,8 166,6 171,5 173,3
Fees (EUR million) 11,6 13,1 12,3 12,1 11,9
Wages, salaries and fees total (EUR million) 182,9 180,9 178,9 183,7 185,2
* Excluding broadcasting right acquisitions ** Includes permanent, fixed-term, hourly and performance-based employment relationships.

Yle's cost structure in 2019, tot. 474.5 million euros

  1. 79% Content and services (374.5 million €)
  2. 12% Technology and infrastructure (55.8 million €)
  3. 4% Joint operations and administration (21.8 million €)
  4. 4% Depreciation (21.4 million €)
  5. 1% Sales (1.1 million €)

Content and services in 2019, tot. 374.5 million euros

  1. 23% Culture and Entertainment (87 million €)
  2. 18% National News and Current Affairs (67,1 million €)
  3. 15% Factual (55,8 milj €)
  4. 14% Regional News and Current Affairs (51,5 million €)
  5. 13% Drama (49,4 million €)
  6. 10% Sport (37,1 million €)
  7. 7% Children and Youth (26,5 million €)

Work for the creative field

According to the income statement, our spending was as follows (2018 in parentheses):

  • EUR 34.4 million on broadcasting fees, broadcasting right fees and rebroadcasting fees related to music and radio, as well as other rights fees related to programmes (33,8)

  • EUR 29.6 million on purchased programmes of Finnish origin on various media (26.5)

  • EUR 21.4 million on sports and foreign programmes (27.0)

  • EUR 20.7 million on other broadcasting services (22.3)

  • EUR 45.2 million on technology expenses (43.8)

  • EUR 25.6 million on distribution costs (25.8).

  • EUR 22.1 million on lease and property costs (23.0).

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