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Technopolis Oyj Closes Acquisition of Office Campus in Vilnius and Raises FY 2013 Financial Guidance

Friday, 31 May 2013 04:30am EDT 

Technopolis Oyj announced that the Company and The Lithuanian ICOR Group have closed a deal regarding Technopolis' acquisition of an office campus in Vilnius, Lithuania. Technopolis announced the signing of the deal on March 15, 2013. As a result Technopolis is upgrading its fiscal year 2013 net sales and EBITDA growth guidance from 9 - 12% to 14 - 17%. For the fiscal year 2012, the Company reported revenue of EUR 107.33 million and EBITDA of EUR 55.34. According to I/B/E/S Estimates, analysts on average are expecting Technopolis to report revenue of EUR 120.79 million and EBITDA of EUR 63.16 million for the fiscal year 2013. 

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