Innofactor decreases its profit estimate for 2011

15.12.2011 00:00

Innofactor Plc Stock Exchange Release December 15, 2011 at 8:30 Finnish time

Innofactor has earlier estimated the group’s net sales in 2011 to be about EUR 17 million, which will be an increase of 70 % compared to 2010. Additionally, operating profit before depreciation and amortization (EBITDA) was expected to be higher both in euros and in percentage than in 2010 (2010: EUR 979 thousand and 9.9 percent).

Based on the current outlook Innofactor estimates the groups’s net sales in 2011 to still be approximately EUR 17 million, which will be an increase of 70 % compared to 2010. Operating profit before depreciation and amortization (EBITDA) is still expected to be higher in euros than in 2010 (2010: EUR 979 thousand). Operating profit before depreciation and amortization (EBITDA) in percentage is, however, expected to be lower than in 2010 (2010: 9.9 percent).

The re-evaluation of Innofactor’s profit guidance for 2011 is based on lower operating profit in November than was previously estimated. This forecasts that the operating profit for the fourth quarter will overall be lower than was previously estimated.

INNOFACTOR PLC

Board of Directors

Additional information:

Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029

Distribution:

NASDAQ OMX Helsinki
Main media
www.innofactor.com