Innofactor’s operating margin (EBITDA) for the fourth quarter of 2017 (Q4) is less than expected in the Interim Report for the third quarter (Q3) of 2017

06.02.2018 08:30 CEST/EET (UTC +2)

Innofactor Plc Stock Exchange Release February 6, 2018, at 8:30 Finnish time

 

It is stated in the CEO’s review in the Interim Report for the third quarter of 2017 (Q3) that “We except the operating margin of the fourth quarter be approximately on the same level as in 2016, when it was approximately EUR 2 million”. Based on the preliminary and unaudited accounts for 2017, preliminary figure for the operating margin (EBITDA) for the fourth quarter of 2017 (Q4) is approximately EUR 0.7 million (Q3/2017: EUR -0.9 million).

The outlook published for 2017 remains unchanged. Innofactor’s net sales is estimated to increase from 2016 during which net sales were EUR 59.6 million and operating margin (EBITDA) is estimated to be lower than in 2016, when the operating margin was EUR 4.8 million.

Innofactor publishes its 2017 Financial Statements Bulletin and Interim Report October-December (Q4) on Tuesday, March 6, 2018.

Espoo, February 6, 2018

INNOFACTOR PLC

Board of Directors

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

Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com

Innofactor
Innofactor is a leading Nordic provider of digitalization and cloud solutions. Innofactor has Microsoft Ecosystem’s leading expertise and the most comprehensive offering in the Nordics. Innofactor has over 600 eager and motivated top professionals in Finland, Sweden, Denmark and Norway. Innofactor serves over 1,500 commercial, public, and third sector organizations. In 2012 to 2016, the annual growth of Innofactor’s net sales has been approximately 28%. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Ltd. www.innofactor.com