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Innofactor Plc (IFA1V.HE)

IFA1V.HE on Helsinki Stock Exchange

24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Innofactor to provide services for TVR
Tuesday, 21 Mar 2017 09:10am EDT 

Innofactor Plc : Innofactor is selected as the provider of it specialist services for TVR . Framework agreement will remain valid until further notice, but for 24 months at minimum. .Comparison price (excluding VAT) of procurement for contract period is 959,550 euro ($1.04 million).  Full Article

Innofactor: share repurchase ends
Wednesday, 8 Mar 2017 01:38am EST 

Innofactor Plc : Has decided to end share repurchase program with immediate effect. . During July 7, 2016 - March 7, 2017, repurchased a total of 326,317 of company shares . Total purchase price of shares was 352,569.85 euro ($372,500) .335.317 company shares in company's posession will be given to seller of Cinteros as part of additional purchase price.  Full Article

Innofactor will pay 2016 adjustment payment of cinteros deal partly with new shares
Wednesday, 8 Mar 2017 01:36am EST 

Innofactor Plc : Will pay the 2016 adjustment payment of Cinteros deal partly with new company shares . 2016 adjustment price is about 4.6 million euros ($4.85 million)of which about 55,000 euros will be paid in cash and about 4.5 million euros in company shares . Decided on a directed share issue of new shares in connection with 2016 adjustment payment of deal .Will issue 3,286,848 new shares.  Full Article

Innofactor Q4 EBITDA rises to EUR 2.0 million
Tuesday, 7 Mar 2017 01:30am EST 

Innofactor Plc : Q4 net sales 18.0 million euros ($19 million) versus 12.6 million euros year ago . Q4 ebitda 2.0 million euros versus 1.7 million euros year ago . Net sales and operating margin (EBITDA) in 2017 is estimated to increase from 2016 .Proposes that no dividend be distributed for financial period of 2016.  Full Article

Innofactor renews long-term financial goals
Monday, 10 Oct 2016 01:35am EDT 

Innofactor Plc : Says will expand into Norway and will strengthen its position significantly in Sweden and Denmark . Aim is to achieve annual organic growth of about 20 percent by 2020 . Aim is to achieve about 20 percent EBITDA in relation to net sales by 2020 . Goal is to pay dividend to shareholders in 2020 at latest .Aim is to distribute, from part of operating margin that exceeds 10 pct, maximum dividend allowed by state of business..  Full Article

Innofactor buys Lumagate to expand in Nordic countries
Monday, 10 Oct 2016 01:30am EDT 

Innofactor Oyj : Has reached agreement on acquiring Lumagate group, Nordic IT service providers focused on cloud-based solutions in Microsoft ecosystem . Purchase price will be determined by Lumagate's EBITDA in 2016, 2017 and 2018 . Purchase price (enterprise value) is at minimum about 4.7 million euros ($5.26 million)(about 45 million Swedish crowns) and at maximum 10.5 million euros (about 100 million crowns) . Sellers will be paid in cash about 4.7 million euros in Swedish crowns upon closing what is planned to be financed with new bank loan . Rest of purchase price is intended to be paid primarily in Innofactor shares during 2018 and 2019 .Receives option to acquire Ironstone, co providing hosting services for Azure in Sweden and Denmark that do not compete with Lumagate.  Full Article

Innofactor Q2 EBITDA up at EUR 1.1 million
Tuesday, 19 Jul 2016 01:30am EDT 

Innofactor Plc : Q2 EBITDA 1.1 million euros ($1.2 million) versus 487,000 euros year ago . Q2 net sales 15.2 million euros versus 11.4 million euros year ago . 2016 outlook remains the same . Net sales and operating margin (EBITDA) in 2016 are estimated to increase significantly from 2015 .2015 net sales was 44.5 million euros and operating margin (EBITDA) was 3.7 million euros.  Full Article

Innofactor names Patrik Pehrsson new CFO
Friday, 1 Jul 2016 01:32am EDT 

Innofactor Plc : Patrik Pehrsson appointed Innofactor's CFO . Pehrsson starts as CFO as of Oct. 1, 2016 .Pehrsson has previously worked as CFO for Microsoft’s Finnish Subsidiary, Microsoft Oy.  Full Article

Innofactor Plc starts acquisition of own shares
Tuesday, 7 Jun 2016 01:30am EDT 

Innofactor Plc : Starts acquisition of own shares . A maximum of 800,000 shares will be acquired equalling about 2.43 pct of total amount of company's shares .Acquisition of own shares will start at earliest on July 1, 2016 and will end on March 31, 2017 at latest.  Full Article

BRIEF-Innofactor CFO to leave company
Friday, 13 May 2016 01:35am EDT 

Corrects headline..Innofactor Plc : Innofactor CFO leaves on Sept. 30th, 2016 . Martola will continue as CFO until end of Q3 on Sept. 30, 2016 .Innofactor will start search for a new CFO immediately May 13, 2016.  Full Article

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BRIEF-Innofactor to provide services for TVR

* Innofactor is selected as the provider of it specialist services for TVR