Ixonos - Company Announcement

PROFIT WARNING: IXONOS PLC’S OPERATING PROFIT (EBIT) BEFORE ONE-OFF ITEMS FOR THE FOURTH QUARTER WILL REMAIN NEGATIVE

Helsinki, Finland, 2012-11-09 08:00 CET (GLOBE NEWSWIRE) -- Ixonos Plc                                      Stock exchange Release           9
November 2012 at 9:00 


PROFIT WARNING: IXONOS PLC'S OPERATING PROFIT (EBIT) BEFORE ONE-OFF ITEMS FOR
THE FOURTH QUARTER WILL REMAIN NEGATIVE 

Ixonos Plc's EBIT before one-off items will remain negative on the fourth
quarter of the year. However the company's EBITDA before one-off items will
turn positive. The difference to the previous forecast results from the delayed
starts of some new customer projects and the slower than anticipated
realization of the savings from company's savings program. 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. 



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 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. 



The previous future prospects for the year 2012 were:

 - In accordance with the most recent forecast, the company estimates that
turnover for 2012 will be in the range of EUR 55 - 60 million and that
operating profit before nonrecurring items will be negative. 

 - Operating profit for the final quarter of the year is expected to be
positive. 



IXONOS OYJ
Board of Directors



Additional Information:
Ixonos Oyj, Timo Kaisla, Interim CEO, tel. +358 40 700 9595, email.
timo.kaisla@ixonos.com 

Ixonos Oyj, 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 9 11 2012.pdf