Ixonos - Company Announcement

IXONOS ADJUSTS ITS TURNOVER AND OPERATING PROFIT FUTURE FORECAST

Helsinki, Finland, 2012-06-18 16:30 CEST (GLOBE NEWSWIRE) -- Ixonos Plc     
Stock Exchange Release    18 June 2012 at 17:30 



IXONOS ADJUSTS ITS TURNOVER AND OPERATING PROFIT FUTURE FORECAST

Ixonos Plc announced in the interim report, published 27 April 2012, its future
prospects as follows: 

Turnover for 2012 is expected to decrease clearly from 2011 but exceed EUR 60
million. Operating profit before nonrecurring items is forecast to be positive. 

Due to changes in Ixonos´ major customers demand for mobile device and mobile
software R&D services, Ixonos is not going to achieve the published turnover
and operating profit future targets. 

According to the latest forecast Ixonos turnover is now estimated to be between
55 and 60 million euros. Operating profit before nonrecurring items is
estimated to be negative. 

Ixonos has started the planning process for cost savings.

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

Attachments:

Stock Exchange Release 18062012.pdf