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Basware Oyj (BAS1V.HE)

BAS1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Basware establishes Network and Financing Services business area
Monday, 13 Mar 2017 05:00am EDT 

Basware Oyj :Is establishing Network and Financing Services business area.  Full Article

Basware Q4 operating result turns to loss of EUR 4.0 million
Wednesday, 1 Feb 2017 01:45am EST 

Basware Oyj : Q4 net sales 40.2 million euros ($43.32 million) versus 39.2 million euros year ago . Q4 operating loss 4.0 million euros versus profit 4.3 million euros year ago . Q4 operating result includes about 5 million euro costs related to personnel reductions as part of productivity programme announced in November 2016 . Says targets accelerated revenue growth during its strategy period 2017-2020 . Expects 2017 cloud revenues to grow by about 20 percent, and adjusted EBITDA at breakeven .Proposes to annual general meeting that no dividend be paid for 2016.  Full Article

Basware updates on personnel costs and 2016 reporting
Monday, 2 Jan 2017 07:30am EST 

Basware Oyj : Says costs booked in 2016 related to personnel reductions being part of productivity programme will amount to roughly 5 million euros ($5.2 million) .Says targeted annual savings related to personnel of about 7 million to 8 million euros starting from 2018 are unchanged.  Full Article

Basware signs new term loan financing of EUR 25 million
Friday, 30 Dec 2016 02:00am EST 

Basware Oyj : Signs new term loan financing totaling 25 million euros . Financing consists of two facilities, one with final maturity in 2021 and one with final maturity in 2018 .Use of proceeds of both facilities is for general working capital purposes of company.  Full Article

Basware names Vesa Tykkyläinen new CEO
Monday, 26 Sep 2016 02:30am EDT 

Basware Oyj : Says Vesa Tykkyläinen to succeed Esa Tihilä as new CEO of Basware . Tykkyläinen to start in his new position on Sept. 26 .Board and Esa Tihilä have jointly agreed that he will step down as CEO with immediate effect and will retire from the company.  Full Article

Basware Q2 operating loss widens to EUR 5 million
Tuesday, 19 Jul 2016 01:45am EDT 

Basware Oyj : Q2 net sales 38.9 million euros ($43.06 million) versus 36.6 million euros year ago . Q2 operating loss 5 million euros versus loss 1.8 million euros year ago . Targets accelerated revenue growth during its strategy period 2016-2018 . For 2016 sees organic revenue growth of 5 percent or more for year at constant currencies . For 2016 sees temporary pressure on margins driven by accelerated growth investments resulting in adjusted EBITDA around break-even .Growth related accelerated operating investments are planned to amount to about 20 million euros.  Full Article

Basware signs agreement with corporation in France
Friday, 3 Jun 2016 04:00am EDT 

Basware Oyj : Basware signs accounts payable and e-invoicing agreement with major industrial corporation in France .The value of the agreement exceeds 2.3 million euros ($2.57 million) over five years.  Full Article

Basware comments on FY 2016 guidance
Tuesday, 19 Apr 2016 01:45am EDT 

Basware Oyj:For FY 2016 expects organic revenue growth of 5 percent or more for year at constant currencies.Sees adjusted EBITDA (excluding non-recurring items) around break-even in FY 2016.FY 2016 EBITDA 33,000 euros-Thomson Reuters I/B/E/S.  Full Article

Basware Oyj signs deal with luxury brand retailer in France for EUR 1.1 mln
Wednesday, 6 Apr 2016 07:30am EDT 

Basware Oyj:Signs accounts payable and e-invoicing agreement with luxury brand retailer in France.Value of agreement is about 1.1 million euros over five years.  Full Article

Basware Oyj completes acquisition of Verian
Friday, 1 Apr 2016 10:00am EDT 

Basware Oyj:Has completed the acquisition of Verian Technologies LLC as of April 1.  Full Article

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BRIEF-Basware establishes Network and Financing Services business area

* Is establishing Network and Financing Services business area Source text for Eikon: