Innofactor Oyj - Company Announcement

Innofactor re-evaluates the outlook on 2015

Innofactor Plc Stock Exchange Release December 22, 2015, at 08:35 Finnish time



Innofactor’s net sales and operating profit before depreciation and
amortization (EBITDA) were expected earlier to grow from previous year 2014,
when the net sales was EUR 43.8 million and EBITDA EUR 3.8 million. 

Innofactor’s net sales forecast for 2015 will not be changed. Innofactor’s
EBITDA is expected now probably to remain below the previous year’s EBITDA of
EUR 3.8 million. 

Bigger transaction costs than expected regarding the acquisition of Cinteros
AB, that we published today, are allocated to the fourth quarter 2015. In
addition, revenue recognition of significant licenses already purchased by
customer that was initially expected to be allocated to December 2015 will be
moved to year 2016. 

Espoo, December 22, 2015

INNOFACTOR PLC

Board of Directors


Additional information:

Sami Ensio, CEO
Innofactor Plc
Tel: +358 50 584 2029


Distribution:

NASDAQ OMX Helsinki
Main media
www.innofactor.com



Innofactor
Innofactor is one of the leading Nordic IT solution providers focused on
Microsoft platforms. Innofactor delivers business critical solutions and
maintenance services as a system integrator and develops its own software
products and services. Innofactor’s own product development is focused on
Microsoft -based cloud solutions. Innofactor's customers include over 1,000
private and public sector organizations in Finland, Denmark, Sweden, and
elsewhere in Europe. The company has over 400 (over 500 in Jan/2016) motivated
and skilled employees in several locations in Finland, Denmark and Sweden. From
2010 to 2014, Innofactor's annual net sales growth has been 45% on average.
Microsoft has named Innofactor Plc as the Finnish Partner of the Year in 2015.
Innofactor was also selected into the Microsoft’s international finals in two
categories. The Innofactor Plc share is listed in the technology section of the
main list of NASDAQ OMX Helsinki Oy. www.innofactor.com