Information on business operations prior to the merger on 27 December 2010

01.03.2011 00:00

Innofactor Plc Stock Exchange Release 1 March 2011 at 9.00

As the Innofactor Plc financial statement for 2010 published today does not include the financial development of Westend ICT Plc during the period from 1 January 2010 to 26 December 2010, key figures regarding the company’s operations in this period are provided below.

Net sales by Westend ICT Plc during the period from 1 January 2010 to 26 December 2010 totalled EUR 4,493 thousand.

Net sales by Westend ICT Plc during the period from 1 October 2010 to 26 December 2010 (Q4) totalled EUR 1,269 thousand.

Operating profit during the period from 1 January 2010 to 26 December 2010 was EUR -258 thousand. Other operating costs included a one-off transfer tax of EUR 262 thousand in connection with the merger announced on 3 December 2010 and one-off redundancy compensation totalling EUR 197 thousand.

Operating profit during the period from 1 October 2010 to 26 December 2010 (Q4) was EUR -507 thousand. The one-off costs mentioned above and totalling EUR 459 thousand are included in other costs booked for the accounting period.

Business profit for the period from 1 January 2010 to 26 December 2010 was EUR -392 thousand, and business profit during the period from 1 October 2010 to 26 December 2010 (Q4) was EUR -506 thousand.

Espoo 1 March 2011

Innofactor Plc
Sami Ensio, CEO

Further information:

CEO Sami Ensio
Tel. +358 (0) 50 584 2029
sami.ensio@innofactor.com

Distribution:
NASDAQ OMX Helsinki
Principal media
www.innofactor.com