Innofactor estimates that its operating margin (EBITDA) in the third quarter (7-9/2017) shall be clearly negative. Innofactor will publish its interim report for 1-9/2017 (Q3) on Tuesday, October 31, 2017 as has been communicated previously.
In Innofactor's previous outlook for 2017 net sales and operating margin (EBITDA) were estimated to increase from 2016, during which net sales was EUR 59.6 million and operating margin was EUR 4.8 million.
The outlook for 2017 net sales remains unchanged. 2017 operating margin (EBITDA) is estimated to be lower than in 2016 when operating margin was EUR 4.8 million.
Espoo, October 13, 2017
Board of Directors
Additional information: Sami Ensio, CEO Innofactor Plc Tel. +358 50 584 2029
Distribution: NASDAQ Helsinki Main media www.innofactor.com
Innofactor Innofactor is a leading Nordic provider of digitalization and cloud solutions. Innofactor has Microsoft Ecosystem's leading expertise and the most comprehensive offering in the Nordics. Innofactor has over 600 eager and motivated top professionals in Finland, Sweden, Denmark and Norway. Innofactor serves over 1,500 commercial, public, and third sector organizations. In 2012 to 2016, the annual growth of Innofactor's net sales has been approximately 28%. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Ltd. www.innofactor.com