Outlook 2017

Affecto changes the measure of its profitability outlook from operating profit to comparable operating profit to provide the market more relevant information.

Affecto expects its FY ’17 revenue to be above the previous year (2016: 112.5 MEUR), and its FY ’17 comparable operating profit to be above the previous year (2016: 6.3 MEUR). The comparable operating profit outlook does not include any costs related to the voluntary recommended public tender offer for all shares in Affecto Plc launched by CGI.

(Announced 22 August 2017)

 

Previous Outlooks

Outlook announced 8 May 2017:

Affecto expects its FY’17 revenue to be above the previous year (2016: 112.5 MEUR), and its FY’17 operating profit to be at the same level or below the previous year (2016: 6.7 MEUR).

 

Outlook announced 17 February 2017:

Affecto expects its FY’17 revenue to be at the same level or above the previous year, and its FY’17 operating profit to be at the same level or below the previous year.

The Company is going through a transformation period.

In 2016, Affecto divested its Estonian business and acquired a Finnish cloud analytics company BIGDATAPUMP. The divested Estonian business had a revenue of EUR 4.5 million and EUR 0.4 million operating profit in 2016 in addition to the EUR 0.3 million gain from the divestment. BIGDATAPUMP will be its own reportable segment in 2017 and the earn out element of the acquisition will be treated as an IFRS3 cost that will affect the Company’s operating profit.