Helsinki, 2015-02-10 07:00 CET (GLOBE NEWSWIRE) -- AFFECTO PLC -- STOCK EXCHANGE RELEASE -- 10 FEBRUARY 2015 at 8.00
Preliminary information on Affecto's 2014 result
Affecto Sweden's profitability has developed positively in 2014 and Sweden made slightly positive result in 2014. Affecto continues to actively develop the Swedish unit, but there is still uncertainty regarding the pace of the development in Sweden. Affecto has decided to make a goodwill impairment of 7.4 MEUR related to Sweden. The impairment will be included in the 2014 financial statements and has no effect on cash flow.
Affecto's net sales in 2014 were approx. 122.7 MEUR, operational segment result was approx. 10.0 MEUR. Operating profit before goodwill impairment was approx. 8.3 MEUR and operating profit after goodwill impairment was approx. 0.8 MEUR.
Fourth quarter net sales were approx. 32.8 MEUR, operational segment result approx. 3.9 MEUR and operating profit approx. -3.7 MEUR including the goodwill impairment.
Affecto's financial statements bulletin will be released on 12 February 2015.
Affecto Plc
Satu Kankare
CFO
www.affecto.com
Additional information:
CFO Satu Kankare, tel. +358 205 777 202
SVP M&A, IR Hannu Nyman, tel. +358 205 777 761