Ixonos - Company Announcement

Ixonos elaborates on future prospects

Helsinki, Finland, 2011-03-22 08:45 CET (GLOBE NEWSWIRE) -- Ixonos Plc Stock
Exchange Release 22 March 2011 at 9:45 

Ixonos elaborates on future prospects


On 14 February 2011, Ixonos Plc announced that the new smartphone strategy of
Ixonos' major customer Nokia Corporation might have a significant effect on the
Ixonos Group's Mobile Terminals & Software and Media & Communities business
areas and thereby on the operations, earning power and financial status of the
entire Group. Based on information Nokia had published, Ixonos estimated that
should Nokia quickly and substantially reduce its service purchase volume in
2011, the increases in turnover and operating profit that Ixonos had forecast
in its financial statement release on 10 February 2011 would be unlikely to
occur. 

Based on additional information Ixonos has received, the company estimates that
Nokia's new strategy will have a minor effect on Ixonos' turnover and operating
profit during the first half of this year. However, Ixonos' sales of software
development services to R&D projects based on Nokia's MeeGo and Symbian
software platforms are estimated to decrease in the second half of this year
and due to this, the business volume of Ixonos' Mobile Terminals & Software
area is expected to decline at least temporarily. 

In accordance with strategy, Ixonos continues its activities to expand its
clientele by boosting sales of services and solutions to mobile technology
suppliers, mobile device manufacturers, consumer electronics manufacturers and
other customers in Finland as well as internationally while striving to
maintain the best possible profitability. 

The company's turnover and operating profit for the first half-year is expected
to be at the level of 2010. The company's turnover and operating profit for the
entire year 2011 is expected to be lower than in the previous year, but
operating profit is forecast to be positive. 


IXONOS PLC
Board of Directors

For more information, please contact:
Ixonos Plc, Kari Happonen, CEO, tel. +358 400 700 761, kari.happonen@ixonos.com

Distribution:
NASDAQ OMX Helsinki
Main media


         Ixonos Plc, Kari Happonen, CEO, tel. +358 400 700 761,
kari.happonen@ixonos.com

Attachments:

Ixonos_stock_exchange_release_20110322.pdf