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Tecnotree Oyj (TEM1V.HE)

TEM1V.HE on Helsinki Stock Exchange

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25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Tecnotree completes co-operation negotiations in finland
Friday, 22 Sep 2017 04:00am EDT 

Sept 22 (Reuters) - TECNOTREE OYJ ::TECNOTREE COMPLETES CO-OPERATION NEGOTIATIONS IN FINLAND .‍PERSONNEL REDUCTION IN FINLAND WILL BE IN TOTAL 13 EMPLOYEES OF WHICH 8 VIA LAY-OFFS AND 5 VIA OTHER VOLUNTARY MEASURES​.‍THESE MEASURES WILL LEAD TO EUR 1.1 MILLION COST SAVINGS PER ANNUM​.  Full Article

Tecnotree Q2 net sales at EUR ‍15.1​ million
Friday, 11 Aug 2017 01:30am EDT 

Aug 11 (Reuters) - TECNOTREE OYJ ::Q2 NET SALES EUR ‍15.1​ MILLION VERSUS EUR 16.2 MILLION YEAR AGO.Q2 ADJUSTED. OPERATING PROFIT EUR ‍3.6​ MILLION VERSUS EUR 1.0 MILLION YEAR AGO.END-Q2 ORDER BOOK EUR ‍30.4 MILLION (END-DEC 2016 EUR 24.9 MILLION).ESTIMATES THAT ITS 2017 NET SALES WILL BE LESS THAN IN PREVIOUS YEAR, BUT OPERATING RESULT WILL IMPROVE.  Full Article

Tecnotree starts co-operation negotiations in finland
Tuesday, 18 Jul 2017 05:43am EDT 

July 18 (Reuters) - TECNOTREE OYJ ::TECNOTREE STARTS CO-OPERATION NEGOTIATIONS IN FINLAND .CO-OPERATION NEGOTIATIONS IN FINLAND REGARDING REDUCTION OF MAXIMUM TWENTY POSITIONS ON FINANCIAL AND PRODUCTIVE GROUNDS.‍OBJECTIVE OF NEGOTIATIONS IS TO ADJUST COST LEVEL WITH CURRENT BUSINESS SITUATION AND TO IMPROVE OPERATIONS IN ORDER TO MATCH MARKET DEMANDS​.COST SAVINGS WILL REALIZE IN 2018.‍IS TO CUT ADDITIONAL 5M EUR IN 2017 IN OPERATIONAL COSTS IN ADDITION TO EARLIER ANNOUNCED CUTS​.  Full Article

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

BRIEF-Tecnotree completes co-operation negotiations in finland

* ‍PERSONNEL REDUCTION IN FINLAND WILL BE IN TOTAL 13 EMPLOYEES OF WHICH 8 VIA LAY-OFFS AND 5 VIA OTHER VOLUNTARY MEASURES​