13th August, 2014 at 8.30 am EEST
Tecnotree is a global supplier of telecom IT solutions, providing products and services for charging, billing, customer care, and messaging and content services. The company’s product portfolio comprises virtually the full range of business management systems for telecom operators, with standard solutions for fixed networks, mobile services and broad band and for managing subscriptions, services and cash flows for prepaid and post-paid customers. Tecnotree has a strong footing especially in developing markets.
Low net sales – full year prospects unchanged
January – June 2014
|Net sales, MEUR||11.7||22.5||26.1||36.4||73.9|
|Adjusted operating result, MEUR 1||-4.3||2.7||-6.1||-1.3||3.3|
|Operating result, MEUR||-4.3||2.2||-6.1||-2.4||1.6|
|Result before taxes, MEUR||-5.5||4.2||-9.2||-1.4||4.1|
|Result for the period||-6.2||2.1||-11.0||-3.4||-2.5|
|Earnings per share, basic, EUR||-0.05||0.02||-0.09||-0.03||-0.02|
|Order book, MEUR||46.7||53.3||45.0|
|Cash flow after investments, MEUR||-0.5||-5.9||-3.8||-4.3||-4.6|
|Change in cash and cash equivalents, MEUR||0.2||-6.1||-3.5||-7.2||-3.8|
|Cash and cash equivalents, MEUR||3.1||3.8||6.6|
|Equity ratio % 2||18.9||35.7||30.3|
|Net gearing % 2||238.8||82.5||113.4|
|Personnel at end of period||1,052||1068||1,059|
1 Adjusted operating result = operating result before R & D capitalisation, amortisation of this and one-time costs.“Result analysis” is presented in the interim review.
2 This key figure has been corrected for the period 1-6/2013, see note 4 in the table section in the interim report.
Unless otherwise stated, all figures presented below are for the reviewed period 1-6/2014 and the figures for comparison are for the corresponding period 1-6/2013.
CEO Ilkka Raiskinen:
“Developments in net sales were disappointing. The main reason for this was the postponement of some orders, and as a result of net sales, to the second half of the year. Seasonal fluctuations in business are a significant factor in our operations. Focusing our business on a few key clients in this case has increased the volume of seasonal fluctuation, but for the same reason we have a clearer view of opportunities in the long term.
Despite the first half net sales and result, the outlook for the full year has remained unchanged, and we believe that net sales and the operating profit will improve from the previous year.”
Events after the end of period
No significant events have occurred after the end of the period.
Prospects in 2014
Tecnotree estimates that its net sales and operating result will improve from 2013.
Variations in the quarterly figures will be considerable.
Tecnotree is holding a conference for analysts, investors and the media to announce its second quarter results on Wed 13th August 2014 at 10.00 am in the Tapiola conference room at the Scandic Hotel Simonkenttä, Simonkatu 9, Helsinki. The interim review will be presented by CEO Ilkka Raiskinen and the conference will be held in Finnish. The material to be presented at the press conference will be available at www.tecnotree.com.
Board of Directors
Ilkka Raiskinen, CEO, tel. +358 (0)45 311 3113
Tuomas Wegelius, CFO, tel. +358 400 433 228
NASDAQ OMX Helsinki Ltd.
Tecnotree is a global provider of telecom IT solutions for the management of products, customers and revenue. Tecnotree helps communications service providers to transform their business towards a marketplace of digital services. Tecnotree empowers service providers to monetise on service bundles, provide personalised user experiences and augment value throughout the customer lifecycle. With over 1000 telecom experts, Tecnotree serves more than 100 service providers in over 70 countries. Tecnotree is listed on the main list of NASDAQ OMX Helsinki with the trading code TEM1V. For more information on Tecnotree, please visit www.tecnotree.com