TECNOTREE PROSPECTS FOR 2009 AND 2010

Report this content
Tecnomen Lifetree Corporation            STOCK EXCHANGE RELEASE                 
                                         30th December 2009 at 08.30            
TECNOTREE PROSPECTS FOR 2009 AND 2010                                           

Due to the global financial crisis, operators have remained cautious about new  
capital expenditure and many have postponed their investments until 2010. In the
second half of 2009 Tecnotree has implemented a major restructuring, from which 
the cost savings will be realized in full in 2010. In 2009, the net sales are   
expected to be below EUR 55 million and the operating result to be a loss of    
over EUR 14 million, including a considerable amount of one-time costs.         

With its new cost structure and expanded product portfolio, Tecnotree is now    
more competitive than before. Tecnotree expects its sales to be considerably    
higher in 2010 than in 2009. Due to increased sales and reduced expenses,       
profitability is estimated to improve significantly, and the operating result to
be positive.                                                                    


TECNOMEN LIFETREE CORPORATION                                                   


FURTHER INFORMATION                                                             
Eero Mertano, President and CEO, tel. +358 50 5354 970                          


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 about 800 employees       
working in 15 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

Subscribe