Tecnotree recognises MEUR 16.7 impairment, gives preliminary information on result and publishes financial statement release earlier than announced
Tecnotree CorporationStock Exchange Release26 February 2018 at 2.00 pm EETTecnotree will recognise EUR 16.7 million in impairment, gives preliminary information on its result in 2017 and will publish its financial statement release earlier than announced As a result of the goodwill impairment testing made in connection with the preparation of financial statement Tecnotree has decided to write-down the goodwill of approximately EUR 16.7 million in its consolidated balance sheet. In accordance with the IFRS accounting standards an impairment test is required for the cash generating
