Ixonos updates its guidance


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
Main Media

www.ixonos.com

 


Attachments

20141127 profit warning ENG.pdf