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Tecnotree Oyj (TEM1V.HE)

TEM1V.HE on Helsinki Stock Exchange

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29 May 2017
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Latest Key Developments (Source: Significant Developments)

Tecnotree signs a contract with an operator group
Friday, 28 Apr 2017 09:30am EDT 

April 28 (Reuters) - TECNOTREE OYJ :TECNOTREE SIGNS MAINTENANCE AND SUPPORT CONTRACT WITH A LEADING OPERATOR GROUP VALUED AT OVER 14 MILLION EUROS.SIGNS MAINTENANCE AND SUPPORT CONTRACT WITH A LEADING OPERATOR GROUP VALUED AT OVER 14 MILLION EUROS.  Full Article

Tecnotree signs three-year managed services agreement
Friday, 28 Apr 2017 09:30am EDT 

April 28 (Reuters) - TECNOTREE OYJ :TECNOTREE SIGNS THREE-YEAR MANAGED SERVICES AGREEMENT WITH A LEADING MIDDLE EASTERN OPERATOR VALUED AT 8.2 MILLION EUROS.SAYS CUSTOMER IS A SERVICE PROVIDER IN ITS MARKET WITH 47 MILLION SUBSCRIBERS.AGREEMENT IS VALUED AT 8.2 MILLION EUROS.  Full Article

Tecnotree Q1 adjusted operating result swings to profit EUR 0.1 mln
Friday, 28 Apr 2017 01:47am EDT 

April 28 (Reuters) - TECNOTREE OYJ ::Q1 NET SALES EUR 12.1 MILLION VERSUS EUR 13.0 MILLION YEAR AGO.Q1 ADJUSTED. OPERATING PROFIT EUR 0.1 MILLION VERSUS LOSS EUR 2.4 MILLION YEAR AGO.SAYS LIQUIDITY OF COMPANY CONTINUES TO BE EXTREMELY TIGHT, ITS FINANCIAL SITUATION AND LIQUIDITY REMAIN CRITICAL.  Full Article

Tecnotree signs EUR 14 mln maintenance and support contract
Wednesday, 26 Apr 2017 06:00am EDT 

April 26 (Reuters) - TECNOTREE OYJ ::TECNOTREE SIGNS MAINTENANCE AND SUPPORT CONTRACT WITH A LEADING OPERATOR GROUP VALUED AT OVER 14 MILLION EUROS .CONTRACT INCLUDES MAINTENANCE, SUPPORT, NEW SOFTWARE RELEASES AND MONITORING BY A CENTRALISED SERVICE DESK.CONTRACT IS PART OF ONGOING ENGAGEMENT WITH THE CUSTOMER AND WILL BE FULFILLED DURING 2017.  Full Article

Tecnotree signs services agreement valued at EUR 8.2 mln
Tuesday, 25 Apr 2017 07:30am EDT 

April 25 (Reuters) - TECNOTREE OYJ ::TECNOTREE SIGNS THREE-YEAR MANAGED SERVICES AGREEMENT WITH A LEADING MIDDLE EASTERN OPERATOR VALUED AT 8.2 MILLION EUROS .ANNOUNCES AN AGREEMENT WITH A KEY CUSTOMER TO PROVIDE MANAGED SERVICES FOR TECNOTREE PRODUCTS AND RELATED SOLUTIONS FOR 2017-2019.  Full Article

Tecnotree Q4 adjusted operating result down at EUR 0.8 mln
Friday, 31 Mar 2017 01:30am EDT 

TECNOTREE OYJ : Q4 NET SALES WERE EUR 14.7 (24.6) MILLION . Q4 ADJUSTED OPERATING RESULT FOR QUARTER WAS EUR 0.8 (6.4) MILLION . COMPANY CONTINUES TO BE FINANCIALLY CONSTRAINED AND LIQUIDITY WILL REMAIN TIGHT IN 2017 . BOARD PROPOSES NO DIVIDEND BE PAID FOR FINANCIAL PERIOD ENDED 31 DECEMBER 2016 .TECNOTREE WILL PLAN TO FURTHER REDUCE OPERATING EXPENSES IN 2017 TO TUNE OF AN ADDITIONAL 5 MILLION EUR.  Full Article

Tecnotree agrees on settlement, says 2016 operating result negative
Tuesday, 10 Jan 2017 11:40am EST 

Tecnotree Oyj : Tecnotree Agrees On 6.0 Meur Settlement; Creates Impairment Charge Of Approx. 8.3 Meur; 2016 Operating Result Negative . Says reaches a settlement of 6.0 million euros with a Latin American customer on a long-standing overdue receivable . Tecnotree will create an impairment charge of approximately 8.3 million euros for the remaining amount and, as a result, the company’s operating result in 2016 will be negative .Plans to publish its full year 2016 financial results on February 3.  Full Article

Tecnotree: Restructuring proceeding according to plan
Thursday, 3 Nov 2016 03:30am EDT 

Tecnotree Oyj : Says restructuring process is proceeding according to plan .Administrator proposes restructuring programme to be confirmed according to provisions of restructuring of enterprises act.  Full Article

Tecnotree to start personnel negotiations in Finland
Monday, 3 Oct 2016 04:35am EDT 

Tecnotree Oyj : To start personnel negotiations in Finland . Co-operation negotiations in Finland regarding reduction of maximum 40 positions . Negotiations concern whole personnel in Finland . Company has worldwide about 900 employees of whom 108 work in Finland . Says alternative ways to adjust company's activities in addition to staff reductions are also handled . Program was intended to be implemented by end of Q3 .However, a part of the program will happen during Q4.  Full Article

Tecnotree: Restructuring program proposal of administrator
Friday, 30 Sep 2016 06:00am EDT 

Tecnotree Oyj : Proposal of administrator for restructuring programme . If draft restructuring programme is approved, group will record a one-off positive income effect of about 6.7 million euros ($7.49 million) . Says administrator's view is that if implemented, draft restructuring programme would lead to company's operations being rehabilitated . Total amount of restructuring debts to be taken into account in restructuring proceedings is about 73.9 million euros .Payments under restructuring programme will end on June 30, 2025.  Full Article

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BRIEF-Tecnotree signs a contract with an operator group

* TECNOTREE SIGNS MAINTENANCE AND SUPPORT CONTRACT WITH A LEADING OPERATOR GROUP VALUED AT OVER 14 MILLION EUROS