News

Group key figures

CEO Pekka Eloholma comments:

"Fourth quarter was the best quarter in 2009 regarding both net sales, EBIT and EBIT margin. Net sales were 27.7 MEUR, EBIT was 1.6 MEUR and EBIT margin was 6% of net sales."

"The early part of the year was characterized by the restructuring actions in the Baltic countries and by a weakened market in the Nordic countries. Towards the year-end we managed to stop the negative earnings development in Baltic. The Nordic markets seem to have recovered somewhat, although the situation in Sweden is still challenging."

"The customer activity increased clearly during the fourth quarter, and also the license sales recovered somewhat. Although the general economy is not yet at the normal level, the customers are again planning IT investments. This creates good chances for positive development in 2010."

"The order backlog was approx. 41 MEUR at the end of the period, which is 6 MEUR higher than the previous quarter's backlog of 35 MEUR. The order backlog is approximately at the same level as at the end of 2007, although slightly below yearend 2008."

"The net sales are estimated to grow in year 2010. The year 2010 will be clearly profitable and the profitability (EBIT margin) is estimated to improve during the year. However, the first quarter is estimated to be weak."

Additional information:
CEO Pekka Eloholma, +358 205 777 737
CFO Satu Kankare, +358 205 777 202
SVP, M&A, IR, Hannu Nyman, +358 205 777 761