Basware Corporation, stock exchange release, June 13, 2013 at 18:00
Basware lowers the 2013 estimates
Basware has previously estimated its net sales for 2013 to grow by more than 15
percent and operating profit (EBIT) to grow compared to the previous year.
According to the current outlook, Basware expects its net sales for 2013 to grow
and operating profit (EBIT) for 2013 to be positive.
The company estimates its net sales for the second quarter of the year to grow
approximately 10 percent compared to the previous year.
The further specification of Basware's operating profit and result forecast for
2013 is based on the growth in net sales falling short of targets. This is due
to delay with the new generation Alusta platform. The decrease in license sales
compared to the previous year is expected to continue during the rest of the
year, while the decrease in license sales was expected to level off during the
latter half of the year. Furthermore, the company estimates that the operating
profit of Certipost's business, acquired on January 2, 2013, to be approximately
EUR 1.8 million negative for 2013, while the original full-year estimate was
The company is implementing an efficiency drive immediately to improve
For more information, please contact
Esa Tihilä, CEO, Basware Corporation
Tel. +358 40 480 7098
NASDAQ OMX Helsinki Ltd