Suomen Hoivatilat Oyj reported audited consolidated and parent earnings results for the year ended December 31, 2017. For the year, on consolidated basis, the company reported revenue of EUR 12,372,792 compared to EUR 7,414,028 a year ago. Operating profit was EUR 33,317,058 compared to EUR 19,303,688 a year ago. Profit before taxes was EUR 31,917,921 compared to EUR 18,438,498 a year ago. Profit was EUR 25,504,147 or EUR 1.04 per diluted share compared to EUR 14,697,393 or EUR 0.75 per diluted share a year ago. Net cash flow from operations was EUR 6,174,284 compared to EUR 2,881,858 a year ago. Investments in property, plant, and equipment were EUR 65,802,386 compared to EUR 46,920,160 a year ago. Investments in intangible assets were EUR 5,005 compared to EUR 4,350 a year ago. Return on equity was 25.0% compared to 24.5% a year ago.

For the year, on parent basis, the company reported total revenue of EUR 12,716,822.32 compared to EUR 7,618,086.35 a year ago. Operating profit was EUR 28,824,215.03 compared to EUR 16,925,317.91 a year ago. Profit before appropriations and taxes was EUR 30,813,130.12 compared to EUR 18,462,619.98 a year ago. Profit was EUR 24,642,851.64 compared to EUR 14,769,140.06 a year ago. Cash out flow from operations was EUR 2,292,745.32 compared to EUR 847,276.89 a year ago. Investments in tangible and intangible assets were EUR 1,132,396.04 compared to EUR 849,416.56 a year ago.

For the year 2018, the company expects an annual revenue growth of at least 40%.