Helsinki, Finland, 2013-11-06 08:30 CET (GLOBE NEWSWIRE) -- Ixonos Plc Stock Exchange Release 06 November 2013 at 09:30
Ixonos forecasts its revenue for 2013 to be lower than the earlier guidance. The company now estimates 2013 revenue to be at around 34 MEUR level, with +/- 1.5 MEUR possible fluctuation. EBITDA for the full year is expected to be negative.
Previous guidance for the 2013 turnover was in the range of EUR 35 - 38 million. EBITDA for the full year was expected to be negative.
The main reason for the changed guidance are changes in the outlook for certain projects that the company is currently implementing for an existing Asian operator customer. The company has signed an agreement with the operator regarding potentially bringing an existing fixed-price project (based on contract signed in 2012) to a closure under certain new terms and conditions by the end of 2013. As a consequence, the project revenues are expected to be lower than earlier estimated, and the company also expects other business with the same operator to be at a lower level than earlier forecasted.
The secondary reason for the changed guidance is a weakening outlook for the rest of year 2013 in certain other business segments.
IXONOS PLC
Board of Directors
For more information, please contact:
Ixonos Plc
Esa Harju, President and CEO, tel. +358 40 844 3367, esa.harju@ixonos.com
Teppo Talvinko, CFO, tel. +358 40 715 3660, teppo.talvinko@ixonos.com
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