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2008-07-24 08:00:06 CEST 2008-07-24 08:00:09 CEST REGULATED INFORMATION Tekla - Company AnnouncementTekla lowers its net sales and operating profit outlook for 2008Tekla Corporation Stock Exchange Release July 24, 2008 at 9.00 a.m. Tekla lowers its net sales and operating profit outlook for 2008 Tekla lowers its outlook for 2008. The company estimates that growth of net sales will be approximately 10 percent. Profitability is estimated to remain good and operating profit to be at the previous year's level. Growth in the Building & Construction business area is expected to outpace Infra & Energy. According to the previous outlook, growth in net sales was expected to be approximately 15 percent on the previous year and the operating result to exceed that of the previous year. Both estimates refer to continuing businesses (net sales 58.24 million euros and operating profit 17.90 million euros in 2007). The growth of the construction industry is slowing down in several central market areas, especially in the United States, and has lengthened customers' decision-making times. Additionally, the fall of the US dollar rate has lowered B&C's net sales growth by about 3 percent during the first half of the year. Tekla's long-term outlook remains good because the company has been expanding its product offering. In the future, the construction industry will be seeking ways of working that increase productivity, which is expected to add demand for Tekla's 3D products. Tekla will announce its Interim Report for January - June on August 8, 2008. Tekla Corporation Timo Keinänen CFO Additional information: Timo Keinänen, phone +358 30 661 1773 or +358 400 813 027 timo.keinanen(at)tekla.com Distribution: OMX Nordic Exchange Helsinki, Main media Tekla Corporation in brief Tekla is an international software product company whose model-based software solutions make customers' core processes more effective in building and construction, energy distribution, infrastructure management and water supply. Tekla has customers in more than 80 countries. Tekla Group's net sales for 2007 were nearly 60 million euros and operating result approximately 20 million euros. International operations account for more than 80% of net sales. Tekla Group currently employs more than 400 people, of whom approximately 170 work outside Finland. Tekla was established in 1966, making it one of the oldest software companies in Finland. www.tekla.com |
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