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Tecnotree Oyj (TEM1V.HE)

TEM1V.HE on Helsinki Stock Exchange

0.10EUR
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Tecnotree Q3 adjusted operating profit falls to Eur 1.8 mln
Friday, 28 Oct 2016 01:30am EDT 

Tecnotree Oyj : Q3 net sales 16.2 million euros ($17.67 million) versus 17.7 million euros year ago . Q3 adjusted operating profit 1.8 million euros versus 2.7 million euros year ago . End-Q3 order book 23.9 million euros versus 33.7 million euros year ago . Estimates that its net sales and operating result will be clearly lower than in the previous year .Continues to be financially very constrained and liquidity will remain very tight.  Full Article

Tecnotree reduces personnel by 37 employees
Tuesday, 25 Oct 2016 01:30am EDT 

Tecnotree Oyj : Completes co-operation negotiations in Finland . Personnel reduction in Finland will be in total 37 employees of which 23 via lay-offs and 14 via other voluntary measures . Says measures will lead to 2.8 million euros ($3.05 million) cost savings per annum .Related savings will be mainly completed in 2017.  Full Article

Tecnotree selected by South East African operator
Monday, 17 Oct 2016 10:30am EDT 

Tecnotree Oyj : Says has been selected by South East African operator, to deliver a full BSS Transformation project . Order is worth $8 million .Deliveries are expected to be completed in 2017.  Full Article

Tecnotree appoints Kirsti Parvi new CFO
Tuesday, 13 Sep 2016 06:30am EDT 

Tecnotree Oyj : Appoints Kirsti Parvi new Chief Financial Officer as of Oct. 1 . Current CFO Tuomas Wegelius leaves company .Parvi has most recently been CFO of Incap Corporation and worked in Bangalore for four years as CFO of Incap Contract Manufacturing Services Pvt Ltd..  Full Article

Tecnotree delivers solution to customer in Afghanistan
Monday, 22 Aug 2016 08:30am EDT 

Tecnotree Oyj :Deploys Convergent Billing Solution and Customer Relationship Management Platform for telecommunications operator in Afghanistan.  Full Article

Tecnotree Q2 adjusted oper profit down at 1.0 mln euros
Friday, 12 Aug 2016 01:30am EDT 

Tecnotree Oyj : Q2 adjusted operating profit 1.0 million euros ($1.11 million) versus 1.5 million euros year ago . Q2 net sales 16.2 million euros versus 17.1 million euros year ago . Estimates that its 2016 net sales and operating result will be lower than in previous year . Weak state of market in Latin America is a particular factor in seen 2016 decline . Decided to start cost savings plan with target to reduce personnel costs by 5.0 million euros, representing 100 man years . Part of savings will happen in 2016 when one-time costs for these action will also happen .Savings will have a full impact in 2017.  Full Article

Tecnotree starts a cost savings plan
Tuesday, 9 Aug 2016 01:30am EDT 

Tecnotree Oyj : Starts a cost savings plan . Target is to reduce personnel costs by 5.0 million euros ($5.5 million) on an annual level, representing 100 man years .Says savings will have a full impact in 2017.  Full Article

Tecnotree selected by Nepal Telecom to deploy convergent mediation and interconnect system
Monday, 6 Jun 2016 01:30am EDT 

Tecnotree Oyj : Selected by Nepal Telecom to deploy convergent mediation and interconnect system . Solution will be delivered as a turnkey project, including complete hardware and third party software implementation .New system will enable rapid rollout of new services for Nepal Telecom's 14 million subscriber base.  Full Article

Tecnotree signs deal with EMTEL Mauritius, part of Airtel Group
Tuesday, 31 May 2016 01:42am EDT 

Tecnotree Oyj : It has been selected by mobile network operator EMTEL Mauritius (part of Airtel group), to expand its call completion and MDX platform .Will help EMTEL to enhance its digital strategy by suppling a Content Management and Service Delivery platform and Call Completion solution that enables hardware and network modernization.  Full Article

Tecnotree says Padma Ravichander is appointed Interim CEO; new chairman appointed
Monday, 18 Apr 2016 04:30am EDT 

Tecnotree Oyj:Tecnotree's CEO Ilkka Rraiskinen resigns.Appoints Executive Vice President MEA & APAC Padma Ravichander as Interim CEO as of April 18, 2016.In parallel Harri Koponen assumes the role of Executive Chairman.  Full Article

BRIEF-Tecnotree Q3 adjusted operating profit falls to Eur 1.8 mln

* Q3 net sales 16.2 million euros ($17.67 million) versus 17.7 million euros year ago