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Innofactor Oyj Proposes No Dividend for FY 2012 and Issues FY 2013 Net Sales Guidance Above Analysts' Estimates and FY 2013 EBITDA Outlook Below Analysts' Estimates


Tuesday, 26 Feb 2013 01:30am EST 

Innofactor Oyj announced that the Board of Directors of the Company proposes to the Annual General Meeting that no dividend be paid for the fiscal year 2012. For the fiscal year 2011, the Company paid no dividend either. Additionally, the Company announced that for the fiscal year 2013 it expects to report net sales of approximately EUR 24 million and operating profit before depreciation and amortization (EBITDA) of approximately EUR 2 million. According to I/B/E/S Estimates, analysts on average are expecting the Company to report revenue of EUR 23.00 million and EBITDA of EUR 2.56 million for the fiscal year 2013. 

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