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Ixonos Oyj Maintains Q4 2012 EBIT Guidance and Lowers Q4 2012 EBITDA Guidance; Maintains FY 2012 Financial Guidance


Thursday, 13 Dec 2012 02:32pm EST 

Ixonos Oyj announced that its EBIT and EBITDA before one-off items will remain negative on the fourth quarter of fiscal year 2012. The Company announced previously that the delayed starts of some new customer projects and the slower than anticipated realization of the savings from the Company's savings program will result to negative EBIT, but EBITDA before one off items was said to be positive. According to newest forecast, the Company's EBITDA before one off items will remain negative on the fourth quarter of 2012 as well. The Company announced it won some customer agreements during the fourth quarter of 2012, but the projects will be executed mainly during 2013. As a one-off item, the Company will write of the severance pay for the former Chief Executive Officer and other costs in relation with new efficiency actions. The Company will also impair EUR 2 million of goodwill. The reason for impairment is slower than expected recovery from market changes during 2011 and 2012 that has decreased the profitability forecast for the near future. The Company also announced its fiscal year 2012 financial guidance. The Company still expects to report fiscal year 2012 revenue in a range of between EUR 55 million and EUR 60 million and fiscal year 2012 operating profit (EBIT) before one off items negative. 

Company Quote

0.098
-0.0020 -2.00%
25 Jul 2014