TECNOTREE PROSPECTS FOR 2009 AND 2010
Tecnomen Lifetree Corporation STOCK EXCHANGE RELEASE
30th December 2009 at 08.30
TECNOTREE PROSPECTS FOR 2009 AND 2010
Due to the global financial crisis, operators have remained cautious about new
capital expenditure and many have postponed their investments until 2010. In the
second half of 2009 Tecnotree has implemented a major restructuring, from which
the cost savings will be realized in full in 2010. In 2009, the net sales are
expected to be below EUR 55 million and the operating result to be a loss of
over EUR 14 million, including a considerable amount of one-time costs.
With its new cost structure and expanded product portfolio, Tecnotree is now
more competitive than before. Tecnotree expects its sales to be considerably
higher in 2010 than in 2009. Due to increased sales and reduced expenses,
profitability is estimated to improve significantly, and the operating result to
be positive.
TECNOMEN LIFETREE CORPORATION
FURTHER INFORMATION
Eero Mertano, President and CEO, tel. +358 50 5354 970
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main Media
www.tecnotree.com
About Tecnotree
Tecnotree, (Tecnomen Lifetree) founded in 1978, is one of the leading suppliers
of Business and Operations Support Systems (BSS/OSS) and Value Added Services
(VAS) for telecom operators worldwide. Tecnotree markets and sells its products
and services through its own organisation, as well as through global and local
partners, and has supplied its products to more than 120 customers around the
world. Headquartered in Espoo, Finland, Tecnotree has about 800 employees
working in 15 locations worldwide. The company is listed on the main list of
NASDAQ OMX Helsinki Ltd with the trading code TEM1V. For more information
on Tecnotree visit www.tecnotree.com
Tecnotree Corporation, Finnoonniitynkuja 7, FIN-02271 Espoo, Finland, Tel +358 9 804 781 | Privacy Statement | Personal Profile
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