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Covid-19 pandemic had a significant impact on Yle's operation. The financial performance remained stable.
Turnover EUR 487.6 million
Costs and depreciations EUR 481.4 million
Profit for the financial year EUR 7.2 million
In accordance with the guidelines of Yle’s Administrative Council, the annual fluctuations in Yle’s result must offset each other in the long term. The fluctuations in the result arise mainly from major sport events that are organised regularly every two years.
The exceptional year caused by the Covid-19 pandemic had a significant impact on the result for 2020, as major sports events were postponed and reorganisations were made to Yle’s programming.
Yle's cost structure in 2020, tot. 481.4 million euros
- 78% Content and services €375.2 million
- 11% Technology and infrastructure €52.9 million
- 6% Joint operations and administration €29.0 million
- 5% Depreciation €23.3 million
- 0% Sales €1.1 million
Key figures
| 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|
| SCOPE OF OPERATIONS (EUR million / %) | |||||
| Net turnover | 487,6 | 478,0 | 471,6 | 472,3 | 470,9 |
| Change % | 2,0 | 1,3 | -0,1 | 0,3 | 0,7 |
| Other operating income | 2,6 | 2,7 | 2,7 | 2,7 | 2,3 |
| Change % | -1,2 | -1,6 | -0,4 | 18,2 | -45,9 |
| Cost and amortisation | 481,4 | 474,5 | 481,8 | 467,9 | 476,1 |
| Change % | 1,5 | -1,5 | 3,0 | -1,7 | 1,6 |
| Balance sheet total | 368,7 | 308,7 | 315,4 | 296,4 | 286,1 |
| Gross capital investments, tangible and intangible assets * | 14,9 | 20,7 | 17,7 | 19,8 | 25,6 |
| % of net turnover | 3,1 | 4,3 | 3,7 | 4,2 | 5,4 |
| PROFITABILITY (EUR million / %) | |||||
| EBITDA | 84,9 | 78,5 | 69,3 | 83,4 | 74,2 |
| % of net turnover | 17,4 | 16,4 | 14,7 | 17,7 | 15,8 |
| Operating profit (loss) | 8,8 | 6,1 | -7,5 | 7,0 | -2,9 |
| % of net turnover | 1,8 | 1,3 | -1,6 | 1,5 | -0,6 |
| Profit (loss) for the financial year | 7,2 | 6,0 | -5,5 | 6,9 | -2,9 |
| % of net turnover | 1,5 | 1,3 | -1,2 | 1,5 | -0,6 |
| FINANCING AND FINANCIAL POSITION | |||||
| Quick ratio | 0,2 | 0,3 | 0,4 | 0,5 | 0,4 |
| Equity ratio % | 38,7 | 43,8 | 41,0 | 45,5 | 44,7 |
| Interest-bearing liabilities (EUR million) | 47,0 | 61,2 | 48,8 | 41,2 | 50,2 |
| PERSONNEL | |||||
| Avarage number of personnel years | |||||
| during the period ** | 3296 | 3304 | 3309 | 3333 | 3490 |
| Wages, salaries (EUR million) | 175,2 | 171,4 | 167,8 | 166,6 | 171,5 |
| Fees (EUR million) | 11,0 | 11,6 | 13,1 | 12,3 | 12,1 |
| Wages, salaries and fees total (EUR million) | 186,2 | 183,0 | 181,0 | 179,0 | 184,0 |
Creating work for the creative field
According to the income statement, our spending was as follows (2019 in parentheses):
- EUR 36.7 million on broadcasting fees, broadcasting right fees and rebroadcasting fees related to music and radio, as well as other rights fees related to programmes (34,4)
- EUR 33.9 million on acquired domestic programming in various media (29.6)
- EUR 18.7 million on sports and foreign programmes (21.4)
- EUR 18.3 million on other broadcasting services (20.7)
- EUR 43.5 million on technology expenses (45.2)
- EUR 27.8 million on distribution costs (25.6).
- EUR 20.4 million on lease and property costs (22.1).
