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 |
Yle's cost structure in 2019, tot. 474.5 million euros
- 79% Content and services (374.5 million €)
- 12% Technology and infrastructure (55.8 million €)
- 4% Joint operations and administration (21.8 million €)
- 4% Depreciation (21.4 million €)
- 1% Sales (1.1 million €)
Content and services in 2019, tot. 374.5 million euros
- 23% Culture and Entertainment (87 million €)
- 18% National News and Current Affairs (67,1 million €)
- 15% Factual (55,8 milj €)
- 14% Regional News and Current Affairs (51,5 million €)
- 13% Drama (49,4 million €)
- 10% Sport (37,1 million €)
- 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).