Helsinki, Finland, 2014-11-27 12:00 CET (GLOBE NEWSWIRE) --
Ixonos Plc Stock Exchange Release 27 November 2014 at 13:00
Ixonos updates its guidance
Due to lower than expected revenue in Europe and projects being postponed the company’s updated revenue forecast for 2014 is EUR 23-25 million. Due to this the EBITDA for the second half of the year is expected to turn negative.
Previously the company expected the revenue for 2014 to be EUR 24-26 million and the EBITDA for the second half of the year to be positive.
The company has also agreed with Turret Oy, a related party, to postpone the payback of the EUR 1,3 million short term loan.
Ixonos Plc
Additional Information:
Ixonos PLC, Esa Harju, CEO, tel. +358 40 844 3367, esa.harju@ixonos.com
Ixonos PLC, Mikael Nyberg, CFO, tel. +358 40 501 4401, mikael.nyberg@ixonos.com
Distribution:
NASDAQ OMX Helsinki
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www.ixonos.com