Revenio Group Corporation: REVENIO GROUP CORPORATION TO DIVEST DONE LOGISTICS OY

Report this content
Revenio Group Corporation Stock exchange release 18 December 2012 at 14:07
REVENIO GROUP CORPORATION TO DIVEST DONE LOGISTICS OY

Revenio Group Corporation has decided to divest Done Logistics Oy, which offers
systems for internal logistics. Net sales for the business in question amounted
to EUR 2.9 million during the first three quarters of 2012, and its operating
profit to EUR -2.5 million. Continuing poor profitability and a difficult market
outlook are the reasons for the divestment.

The company will begin a controlled rundown of operations, including personnel
redundancies, whilst simultaneously seeking a successor to take over the
business, or parts thereof, either from among the company's personnel or from
outside the organization. If a successor is not found, the shutdown is scheduled
for completion by fall 2013. Current order book commitments will be fulfilled in
full.

In accordance with the decision, Done Logistics' operations will now be
classified as 'discontinued operations' in Revenio's Group reporting.


Revenio Group Corporation
Olli-Pekka Salovaara
President & CEO

For additional information:
President & CEO Olli-Pekka Salovaara,
GSM +358 (0)40 5675520
olli-pekka.salovaara@revenio.fi
http://www.revenio.fi

DISTRIBUTION:
NASDAQ OMX Helsinki
Financial Supervisory Authority (FIN-FSA)
Key media
www.revenio.fi

Revenio Group Corporation, the parent company of the Finnish conglomerate
Revenio Group, is listed on the NASDAQ OMX Helsinki exchange. Revenio Group
Corporation's subsidiaries share a focus on Finnish specialist expertise and
export-based operations.

The Revenio Group comprises six independent subsidiaries that are organized into
two business segments. These subsidiaries are Done Logistics Oy, Done Software
Solutions Oy, Icare Finland Oy, Boomeranger Boats Oy, FLS Finland Oy, and Midas
Touch Oy.