Profit warning: Teleste records a goodwill impairment and a restructuring provision for the services business in Germany amounting to a total of EUR 9.3 million
Teleste changes its financial outlook for 2017 Turku, Finland, 2017-07-14 08:00 CEST (GLOBE NEWSWIRE) -- TELESTE CORPORATION STOCK EXCHANGE RELEASE 14.7.2017 AT 09:00 PROFIT WARNING: TELESTE RECORDS A GOODWILL IMPAIRMENT AND A RESTRUCTURING PROVISION FOR THE SERVICES BUSINESS IN GERMANY AMOUNTING TO A TOTAL OF EUR 9.3 MILLION AND CHANGES ITS FINANCIAL OUTLOOK FOR 2017 Due to the negative profitability development in the services business in Germany, Teleste makes EUR 7.7 million impairment in the goodwill which will be reported in Teleste’s half year financial report.