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Tecnotree Oyj (TEM1V.HE)

TEM1V.HE on Helsinki Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

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

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BRIEF-Tecnotree agrees on settlement, says 2016 operating result negative

* Tecnotree Agrees On 6.0 Meur Settlement; Creates Impairment Charge Of Approx. 8.3 Meur; 2016 Operating Result Negative