Brief: Tecnotree Q4 Adj. Oper Profit Falls To EUR 4.1 Mln

Tecnotree Oyj

28/02/2020 08:08

Feb 28 (Reuters) - Tecnotree Oyj  TEM1V.HE :
    * TECNOTREE CORPORATION FINANCIAL REPORT 1 JAN - 31 DEC 2019
(UNAUDITED)
    * Q4 NET SALES WERE EUR 14.1 (12.1) MILLION.
    * Q4 ADJUSTED OPERATING RESULT FOR QUARTER WAS EUR 4.1 (4.5)
MILLION AND OPERATING RESULT 4.1 (4.0) MILLION.
    * NEW ORDERS RECORDED DURING YEAR AMOUNTED TO EUR 51.4
MILLION
    * TECNOTREE HAD BIG WINS DURING 2019 AND GOOD MOMENTUM HAS
CONTINUED IN BEGINNING OF 2020
    * TECNOTREE CONTINUES TO GROW ITS BUSINESS ACROSS GLOBAL
MARKETS
BY INCREASING PRESENCE OF OUR BRAND AND TAKING ADVANTAGE OF
ONSET OF 5G IMPLEMENTATIONS AND DIGITAL TRANSFORMATION
REQUIREMENTS OF OUR CUSTOMERS.
    * FURTHER STRENGTHENED AND STABILIZED ITS OPERATIONS AND
RESTARTED
CAPITAL DEPLOYMENT TO FUEL GROWTH IN 2019
    * WE WILL ALSO FOCUS ON RECEIVABLE AND CASH MANAGEMENT IN
2020.
    * PROPOSES TO ANNUAL GENERAL MEETING THAT NO DIVIDENDS WILL
BE
PAID FOR FINANCIAL PERIOD ENDED 31 DECEMBER 2019
    * PROPOSES TO ANNUAL GENERAL MEETING THAT NO DIVIDENDS WILL
BE
PAID FOR FINANCIAL PERIOD ENDED 31 DECEMBER 2019

Source text for Eikon:  ID:nWkr5C8ys3 
Further company coverage:  TEM1V.HE 

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