TECNOMEN LIFETREE CORPORATION'S PROSPECTS FOR 2009
Tecnomen Lifetree Corporation STOCK EXCHANGE RELEASE
26 June 2009, at 8.30 am
TECNOMEN LIFETREE CORPORATION'S PROSPECTS FOR 2009
In its interim report published on 28 April 2009, Tecnomen Lifetree Corporation
has given the following statement of the prospects for the whole year:
“Because of the overall economic situation, the state of the market in
Tecnomen's business sector, and pending completion of the acquisition of
Lifetree Convergence Ltd, the Company is not making any estimates for 2009 at
this stage.
Variations between quarterly figures are expected to be considerable.”
After the acquisition of Lifetree on 6 May 2009, the company has made
evaluations of the prospects for the rest of the year. The big orders
anticipated by the company will come later than expected. Consequently, net
sales and operating profit of the first half of the year are expected to stay
clearly lower than last year. Net sales and operating profit of the second half
of the year are estimated to be clearly better than in the first half of the
year. The whole year pro forma (whole year consolidations of Tecnomen and
Lifetree) net sales and operating profit are estimated to stay lower than last
year.
The integration of Tecnomen and Lifetree goes according to plans and the
acquisition is expected to create considerable synergy benefits.
TECNOMEN LIFETREE CORPORATION
Board of Directors
FURTHER INFORMATION
Jarmo Niemi, President and CEO, phone +358 400 688 097
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main Media
www.tecnotree.com
About Tecnotree
Tecnotree, (Tecnomen Lifetree) founded in 1978, is one of the leading suppliers
of Business and Operations Support Systems (BSS/OSS) and Value Added Services
(VAS) for telecom operators worldwide. Tecnotree markets and sells its products
and services through its own organisation, as well as through global and local
partners, and has supplied its products to more than 120 customers around the
world. Headquartered in Espoo, Finland, Tecnotree has over 750 employees working
in 20 locations worldwide. The company is listed on the main list of NASDAQ OMX
Helsinki Ltd with the trading code TEM1V. For more information on Tecnotree
visit www.tecnotree.com