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2009-02-12 09:31:00 CET 2009-02-12 09:31:01 CET REGULATED INFORMATION Affecto Oyj - Company AnnouncementAFFECTO'S STRATEGY 2009-2011AFFECTO PLC STOCK EXCHANGE RELEASE 12 FEBRUARY 2009 AT 10:30 AFFECTO'S STRATEGY 2009-2011 Affecto, the leading BI solution provider in the Nordic countries, has updated its strategy and long-term financial targets for the next three years. According to the adjusted strategy the company continues to have two strong business lines: Business Intelligence solutions and Operational IT solutions. The company aims to further strengthen its position as the leading Business Intelligence solution provider in the Nordic countries. Furthermore, the company may extend its operational area from Nordic countries to other parts of the Northern Europe. The company offers BI solutions in its whole operating area. In addition, the company aims to be the most competent and quality focused provider of Operational IT solutions in selected industries and regions. Affecto delivers operational solutions from Finland and Baltic countries. One spearhead are the insurance solutions based on TIA platform. Affecto aims to increasingly utilize Baltic workforce in its Nordic service offering. Financial targets: * Growth exceeding the market growth and a growing market share especially in the BI business. The growth target will be reached through organic growth possibly supplemented by acquisitions. * One of the most profitable IT services companies within its market region (IT service companies listed in the Nordic countries). The dividend policy remains unchanged, i.e. the board intends to propose to the general meeting dividends up to one-half of earnings per share on average over the longer term. According to Pekka Eloholma, CEO, the strategy update gives the company's business a better focus for future development:"In today's challenging economic environment, we do not find it very practical to set numeric targets, as the economic developments of the next few years are very difficult to forecast. Our strength is our wide skill-base and good market position in the Nordic market for Business Intelligence solutions. We continue to develop the company utilizing our core competency." Affecto Plc Board of Directors Further information: CEO Pekka Eloholma, Tel. +358 205 777 737 www.affecto.com |
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