PHM Group Holding Oyj’s Annual Report and Financial Statements 2022 published — Financial Statements includes figures further specified from Financial Statements Bulletin

26.4.2023 15:45:00 EEST | PHM Group Holding Oyj |
Annual Financial Report

PHM Group Holding Oyj Stock Exchange Release 26 April 2023 at 15:45 p.m. EET

PHM Group Holding Oyj has released today its Annual Report and Financial Statements 2022. The Annual Report contains Corporate Responsibility Report and Corporate Governance Statement. The Corporate Responsibility Report contains information in accordance with the EU Taxonomy Regulation. Financial Statements contains Report by the Board of Directors and Auditor’s Report. The Report by the Board of Directors meets the requirements for non-financial reporting.

PHM Group Holding Oyj publishes the Financial Statements in Finnish in accordance with the European Single Electronic Format (ESEF) reporting requirements in XHTML format. The Annual Report and Financial Statements are available on the website phmgroup.com/investors and attached to this release.

Figures announced in the Financial Statements Bulletin specified further in the Financial Statements

The figures published by PHM Group Holding Oyj in its Financial Statements Bulletin on 14 February 2023 were specified further in the Financial Statements published on 26 April 2023. The changes in the income statement were mainly due to the change in the handling of the Group contributions and the reassessment of tax accruals, as well as the specification of accruals in some subsidiaries and the specification of the handling of advisory costs relating to acquisitions in one subsidiary’s local accounting. In addition to the above-mentioned corrections affecting the income statement, the changes in balance sheet items were mainly due to specifications of the Group eliminations to the final financial statements. The total effect of the changes on the profit for the financial year 2022 was EUR 884 thousand (2021: EUR 669 thousand) and on the balance sheet total was EUR 777 thousand (2021: EUR 0 thousand).

Consolidated income statement and statement of other comprehensive income

CONSOLIDATED INCOME STATEMENT, IFRS

Financial statements 2022 (audited)

Financial statements bulletin 2022 (unaudited)

Financial statements 2022 (audited)

Financial statements bulletin 2022 (audited)

EUR THOUSAND

 

1-12 2022

1-12 2022

 

1-12 2021

1-12 2021

Net sales

483,282

483,335

364,215

364,215

Other operating income

3,547

3,529

3,488

3,488

Materials and services

-124,076

-124,101

-96,480

-96,480

Personnel expenses

-225,493

-225,570

-167,978

-167,978

Other operating expenses

 

-65,407

-65,213

 

-46,260

-46,260

EBITDA

71,853

71,980

56,985

56,985

% of revenue

14,9%

14,9%

15,6%

15,6%

Depreciation

 

-21,281

-21,329

 

-26,212

-26,212

EBITA

50,572

50,651

30,773

30,773

% of revenue

10,5%

10,5%

8,4%

8,4%

Amortisation and impairment

 

-13,578

-13,564

 

-12,115

-12,115

Operating result

36,994

37,087

18,658

18,658

% of revenue

7,7%

7,7%

5,1%

5,1%

Net financial expenses

-22,257

-22,259

-22,071

-22,042

Group contribution

0

-1,315

0

-699

Result before taxes

14,738

13,514

-3,413

-4,082

Taxes

-539

-199

-680

-680

 

 

 

 

Result for the financial period

14,198

13,315

-4,093

-4,762

Consolidated Statement of Other Comprehensive Income

Financial statements 2022 (audited)

Financial statements bulletin 2022 (unaudited)

Financial statements 2022 (audited)

Financial statements bulletin 2022 (audited)

EUR thousand

31.12.2022

31.12.2022

 

31.12.2021

31.12.2021

Profit for the financial period

14,198

13,315

-4,093

-4,762

Items that may be reclassified to profit or loss in subsequent periods (net of tax):

Exchange differences on translation of foreign operations, net of tax

-8,052

-7,985

-636

-636

Other comprehensive income/(loss) for the year, net of tax

-8,052

-7,985

-636

-636

Total comprehensive income for the financial period

6,147

5,330

-4,729

-5,398

Profit for the period attributable to

Equity,holders of the parent

14,198

13,315

-4,093

-4,762

Total comprehensive income attributable to

Equity holders of the parent

6,147

5,330

-4,729

-5,398

 

Consolidated balance sheet

CONSOLIDATED BALANCE SHEET, IFRS

Financial statements 2022 (audited)

Financial statements bulletin 2022 (unaudited)

Financial statements 2022 (audited)

Financial statements bulletin 2022 (audited)

EUR THOUSAND

 

 

12 2022

12 2022

 

12 2021

12 2021

ASSETS

Non-current assets

Goodwill

416,764

416,744

350,561

350,561

Intangible assets other than goodwill

124,978

124,910

122,758

122,758

Tangible assets

59,034

58,762

45,295

45,295

Right-of-use assets

26,536

26,547

22,285

22,285

Other shares

3,223

3,337

2,965

2,965

Other receivables

332

326

273

273

Deferred tax assets

3,150

2,659

2 202

2,202

Total non-current assets

 

 

 

634,018

633,285

546,338

546,338

Current assets

Trade receivables

56,204

56,231

37,086

37,086

Inventories

3,007

3,009

1,112

1,112

Other current financial assets

291

0

15,086

15,086

Other current assets

15,049

15,325

10,174

10,174

Cash and cash equivalents

 

31,632

31,574

18,331

18,331

Total current assets

106,183

106,139

81,789

81,789

Total assets

740,201

739,424

628,127

628,127

EQUITY AND LIABILITIES

Equity

Share capital

80

80

0

0

Fund for unrestricted equity

160 238

160,238

158,318

158,318

Retained earnings

-393

125

-13,219

-13,219

Translation differences

-7,709

-7,642

343

343

Total equity

 

 

152,216

152,801

145,442

145,442

LIABILITIES

Non-current liabilities

Interest-bearing loans and borrowings

418,297

418,281

303,971

303,971

Other non-current liabilities

7,923

7,933

18,453

18,453

Lease liabilities

15,020

14,969

13,494

13,494

Deferred tax liabilities

 

 

30,961

31,246

27,982

27,982

Total non-current liabilities

472 201

472,429

363,901

363,901

Current liabilities

Trade payables and other payables

98,401

97,799

73,557

73,557

Interest-bearing loans and borrowings

4,314

4,290

33,584

33,584

Lease liabilities

12,202

12,267

9,362

9,362

Income tax payable

 

 

866

-162

2,281

2,281

Total current liabilities

115,783

114,194

118,784

118,784

Total liabilities

587,985

586,623

482,685

482 685

Total equity and liabilities

740,201

739,424

628,127

628,127

 

Key figures

Financial statements 2022 (audited)

Fiancial statements bulletin 2022 (unaudited)

Financial statements 2022 (audited)

Fiancial statements bulletin 2022 (audited)

MEUR, IFRS, unless otherwise stated

1-12/22

1-12/22

 

1-12/21

1-12/21

Operating cash flow before acquisitions

52.7

53.0

 

42.0

42.0

Cash conversion before acquisitions, %

73%

74%

 

74%

74%

Interest bearing net debt

421.2

421.8

 

346.3

346.3

Leverage, x

4.81

4.82

 

4.84

4.84

 

 

PHM GROUP HOLDING OYJ

 

For further information, please contact:

Ville Rantala

CEO

ville.rantala@phmgroup.com
+358 50 385 1442

 

Petri Pellonmaa

Group CFO

petri.pellonmaa@phmgroup.com +358 40 568 3841

 

PHM Group Holding Oyj in brief

PHM Group is a property services group whose mission is to care about people by taking care of their surroundings. PHM Group consists of the best local enterprises, who share the same values and motives; entrepreneurship and a fair and responsible way of working. PHM Group believes that the only thing better than local service is local service with big resources. With PHM Group you do not have to choose between your well-known local entrepreneur and a big provider. With PHM Group, you get both. Read more at https://www.phmgroup.com/.

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