Tecnotree Corporation Interim Review 29 th April, 2014 at 8.30 am EEST
Tecnotree is a global supplier of telecom IT solutions, providing products and services for charging, billing, customer care, and messaging and content services. The company’s product portfolio comprises virtually the full range of business management systems for telecom operators, with standard solutions for fixed networks, mobile services and broad band and for managing subscriptions, services and cash flows for prepaid and post-paid customers. Tecnotree has a strong footing especially in developing markets. First quarter with normal seasonal fluctuations
First quarter
- First quarter net sales were EUR 14.4 (13.9) million.
- The adjusted operating result was EUR -1.8 (-4.0) million, operating result EUR ‑1.8 (-4.6) million and the result for the period was EUR -4.8 (-5.5) million.
- The order book at the end of the period stood at EUR 49.1 (31 December 2013: 45.0) million.
- First quarter cash flow after investments was EUR -3.2 (1.7) million and cash and cash equivalents at the end of the period were EUR 2.9 (31 December 2013: 6.6) million.
- Earnings per share were EUR -0.04 (-0.04).
| KEY FIGURES | 1-3/ 2014 | 1-3/ 2013 | 1-12/ 2013 |
| Net sales, MEUR | 14.4 | 13.9 | 73.9 |
| Adjusted operating result, MEUR 1 | -1.8 | -4.0 | 3.3 |
| Operating result, MEUR | -1.8 | -4.6 | 1.6 |
| Result before taxes, MEUR | -3.7 | -5.6 | 4.1 |
| Result for the period | -4.8 | -5.5 | -2.5 |
| Earnings per share, basic, EUR | -0.04 | -0.04 | -0.02 |
| Order book, MEUR | 49.1 | 55.3 | 45.0 |
| Cash flow after investments, MEUR | -3.2 | 1.7 | -4.6 |
| Change in cash and cash equivalents, MEUR | -3.7 | -1.0 | -3.8 |
| Cash and cash equivalents, MEUR | 2.9 | 10.5 | 6.6 |
| Equity ratio % 2 | 26.1 | 39.2 | 30.3 |
| Net gearing % 2 | 154.5 | 49.3 | 113.4 |
| Personnel at end of period | 1,042 | 1,073 | 1,059 |
1 Adjusted operating result = operating result before R & D capitalisation, amortisation of this and one-time costs.“Result analysis” is presented in the interim review. 2 This key figure has been corrected for the period 1-3/2013, see note 4 in the table section in the interim review. Unless otherwise stated, all figures presented below are for the reviewed period 1-3/2014 and the figures for comparison are for the corresponding period 1-3/2013. CEO Ilkka Raskinen : ”This was now the fourth quarter in succession when we improved our operating profit from the corresponding period in the previous year. Demand for our new products has remained strong, and the order book in the MEA area grew strongly to EUR 22.4 million compared to EUR 14.4 million in the previous year. The major projects in Latin America are progressing on schedule, and new business in this region is increasingly becoming product and service business. Cash flow management is still a priority for the year.” Events after the end of period No significant events have occurred after the end of the period. Prospects in 2014 Tecnotree estimates that its net sales and operating result will improve from 2013. Variations in the quarterly figures will be considerable. Financial information Tecnotree is holding a conference for analysts, investors and the media to announce its first quarter results on 29 th April 2014 at 10.00 am in the Tapiola conference room at the Scandic Hotel Simonkenttä, Simonkatu 9, Helsinki. The interim review will be presented by CEO Ilkka Raiskinen and the conference will be held in Finnish. The material to be presented at the press conference will be available at www.tecnotree.com . TECNOTREE CORPORATION Board of Directors FURTHER INFORMATION Ilkka Raiskinen, CEO, tel. +358 (0)45 311 3113 Tuomas Wegelius, CFO, tel. +358 400 433 228 DISTRIBUTION NASDAQ OMX Helsinki Ltd. Main media www.tecnotree.com About Tecnotree Tecnotree is a global provider of telecom IT solutions for the management of products, customers and revenue. Tecnotree helps communications service providers to transform their business towards a marketplace of digital services. Tecnotree empowers service providers to monetise on service bundles, provide personalised user experiences and augment value throughout the customer lifecycle. With over 1100 telecom experts, Tecnotree serves more than 100 service providers in over 70 countries. Tecnotree is listed on the main list of NASDAQ OMX Helsinki with the trading code TEM1V. For more information on Tecnotree, please visit www.tecnotree.com
