Financial Statements Release: Renewed Altia further improved its profitability
Altia’s profitability continued to improve in 2016 in spite of net sales being lower than in the previous year.The comparable operating result improved to EUR 26.4 (23.6) million, which is 7.4 % (6.2 %) of net sales. The IFRS operating result was EUR 46.3 (25.3) million due to changes in deferred supplementary pension obligations and sales of assets. The Group’s net sales totalled EUR 356.6 million, which is 6.3 % lower than in the previous year (EUR 380.7 million). The decrease in net sales was particularly attributable to lower contract manufacturing volumes, but it was also due to the