Comptel Corporation Stock Exchange Release, 15 June 2012 at 11.30 am
Comptel reduces its guidance for 2012
Comptel reduces its financial guidance for 2012 given in April due to a weaker than expected development of the Group’s net sales and costs during the second quarter of the year. Comptel's 2012 operating profit excluding one-off items is estimated to represent 0 - 5 per cent of net sales. Due to the impairment loss and one-off items, operating result is estimated to remain negative. Net sales are estimated to grow approximately 10 per cent from 2011.
According to earlier guidance, net sales were expected to grow over 10 per cent in 2012 from the previous year. Following the impairment loss, operating result was estimated to remain negative and operating profit excluding one-off items to represent 5 - 10 per cent of net sales.
The operating result for the second quarter this year will be impaired by costs related to project deliveries and marketing as well as an increase in bad debt provision. Revenue from license sales will remain low.
Comptel will initiate actions to improve its profitability. The company aims to achieve cost savings of approximately EUR 10 million on annual level. Comptel will continue to invest in its strategic focus areas.
COMPTEL CORPORATION
Juhani Hintikka
President and CEO
For further information please contact:
Juhani Hintikka, President and CEO, tel. +358 9 700 1131
Distribution:
NASDAQ OMX Helsinki
Major media
www.comptel.com
Since 1986, Comptel has helped more than 280 service providers across 85 countries meet over one billion subscribers’ communications and infotainment needs. Comptel’s solutions are built on an event – analysis –
action strategic framework that leverages the company’s strengths in event data processing and advanced predictive analytics to enable real-time action. Comptel’s service fulfillment, mediation, charging and policy control, and predictive social analytics products with implementation and professional services enable service providers to enhance customer engagement and, in turn, create revenue, reduce costs and lessen churn. Comptel has a global team of nearly 700 professionals, and net sales were EUR 77 million in 2011. For more information, visit www.comptel.com