Ixonos - Company Announcement

PROFIT WARNING: IXONOS PLC’S OPERATING PROFIT (EBIT) AND EARNINGS BEFORE INTEREST, TAXES, DEPRECIATIONS AND AMORTIZATIONS (EBITDA) BEFORE ONE-OFF ITEMS FOR THE FOURTH QUARTER WILL REMAIN NEGATIVE. GOODWILL IMPAIRMENT OF 2 MILLION EUROS WILL

Helsinki, Finland, 2012-12-13 20:32 CET (GLOBE NEWSWIRE) -- Ixonos Plc         
                                     Stock exchange Release           13
December 2012 at 21:30 


PROFIT WARNING: IXONOS PLC'S OPERATING PROFIT (EBIT) AND EARNINGS BEFORE
INTEREST, TAXES, DEPRECIATIONS AND AMORTIZATIONS (EBITDA) BEFORE ONE-OFF ITEMS
FOR THE FOURTH QUARTER WILL REMAIN NEGATIVE. GOODWILL IMPAIRMENT OF 2 MILLION
EUROS WILL OCCUR 



Ixonos Plc's EBIT and EBITDA before one-off items will remain negative on the
fourth quarter of the year. Company announced previously that the delayed
starts of some new customer projects and the slower than anticipated
realization of the savings from company's savings program will result to
negative EBIT, but EBITDA before one off items was said to be positive.
According to newest forecast company's EBITDA before one off items will remain
negative on fourth quarter as well. 

Ixonos won some significant customer agreements during the fourth quarter, but
the projects will be executed mainly during 2013. As a one-off item the company
will write of the severance pay for the former CEO and other costs in relation
with new efficiency actions. 

The company will also impair 2 million euros of goodwill. The reason for
impairment is slower than expected recovery from market changes during 2011 and
2012 that has decreased the profitability forecast for the near future. 



The new future prospects for the year 2012 are as follows:

- According to the latest forecast company's revenue for the year 2012 will be
55-60 million euros and operating profit (EBIT) before one off items will be
negative. 

- EBIT and EBITDA before one-off items will remain negative on the fourth
quarter of the year. 



The previous future prospects for the year 2012 were:

- According to the latest forecast company's revenue for the year 2012 will be
55-60 million euros and operating profit (EBIT) before one off items will be
negative. 

- EBIT before one-off items will remain negative on the fourth quarter of the
year. Company's EBITDA before one-off items will turn on positive. 



IXONOS PLC
Board of Directors

Additional Information:


Ixonos Plc, Timo Kaisla, Interim CEO, tel. +358 40 700 9595, email.
timo.kaisla@ixonos.com 

Ixonos Plc, Timo Leinonen, CFO, Senior Vice President, tel. +358 400 793 073,
email. timo.leinonen@ixonos.com 



Distribution:
NASDAQ OMX Helsinki
Main Media

Attachments:

Ixonos_release_profit_warning 13 12 2012.pdf