Prospects for 2012 have changed
Tecnotree Corporation
Stock Exchange Release
29th October, 2012 at 4.15 pm
In the interim report of Tecnotree for 1 January to 30 June 2012, the prospects for 2012 were as follows:
“Tecnotree estimates that net sales and the operating result in 2012 will be better than in 2011. The adjusted operating result is estimated to be positive. Variations in the quarterly figures will be considerable. The cash flow after investments is also expected to improve compared to 2011. The adjusted operating result is the operating result before R&D capitalisation, amortisation of this and one-time costs.”
The company has changed its prospects for 2012 as follows:
“Tecnotree estimates that net sales in 2012 will be higher than in 2011. The adjusted operating result is estimated to be negative due to increased costs and foreign exchange losses during the third quarter. The cash flow after investments is expected to improve compared to 2011.
Variations in the quarterly figures will be considerable. The adjusted operating result is the operating result before R&D capitalisation, amortisation of this and one-time costs.”
Tecnotree will publish its quarterly report on Wednesday, 31 October 2012.
TECNOTREE CORPORATION
FURTHER INFORMATION
Kaj Hagros, President and CEO, tel. +358 40 849 1749
DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
Main media
www.tecnotree.com
About Tecnotree
Tecnotree is a global provider of a broad range of telecom IT solutions focused on charging, billing, customer care, messaging and content services. Tecnotree empowers communication service providers to create and monetize a broad marketplace of digital services, and augment value across the customer lifecycle. Acknowledged for agility and commitment, Tecnotree has more than 1000 employees serving over 100 operators globally. Tecnotree 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