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Tecnotree Oyj (TEM1V.HE)

TEM1V.HE on Helsinki Stock Exchange

24 Mar 2017
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Tue, Jan 10 2017

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

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

BRIEF-Tecnotree reduces personnel by 37 employees

* Personnel reduction in Finland will be in total 37 employees of which 23 via lay-offs and 14 via other voluntary measures

BRIEF-Tecnotree selected by South East African operator

* Says has been selected by South East African operator, to deliver a full BSS Transformation project

BRIEF-Tecnotree to start personnel negotiations in Finland

* Co-operation negotiations in Finland regarding reduction of maximum 40 positions

BRIEF-Tecnotree: Restructuring program proposal of administrator

* If draft restructuring programme is approved, group will record a one-off positive income effect of about 6.7 million euros ($7.49 million)

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