Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Friday, 15 September 2017

Digia Oyj (FI) - Digia lowers financial guidance on operating result for the year 2017

Digia Oyj    

Published: 09:25 CEST 15-09-2017 /GlobeNewswire /Source: Digia Oyj / : DIGIA /ISIN: FI0009007983

Digia lowers financial guidance on operating result for the year 2017

Digia Plc

Stock exchange release

15 September 2017 at 10:25 am

 

Digia lowers financial guidance on operating result for the year 2017
 
Due to the delivery challenges of some projects, the company is lowering its profitability forecast for the year 2017. The projects in question are expected to have a negative effect on operating result and net sales. The company makes a loss provision for the third quarter and estimates the current third quarter to show a loss. Investments in the development of digital services are also burdening the result of year 2017. The operating result for the full-year 2017 is expected to decline compared to the previous year.
 
Demand for Digia's projects and services has remained at a good level. Digia is expecting the development of its net sales to remain unchanged. Digia's net sales growth is expected to accelerate in 2017 compared to previous year.
 
Revised guidance for 2017
Digia's net sales growth is expected to accelerate in 2017 (2016: net sales up 6.8%). The company expects its operating result to decline compared to 2016.
 
Previous guidance (issued on 3 February 2017, 28 April 2017 and 11 August 2017)
Digia's net sales growth is expected to accelerate in 2017 (2016: net sales up 6.8%). Operating profit in 2017 should remain approximately on a par with the previous year (2016: EUR 5.4 million).
 
Digia Plc
Board of Directors
 
Further information

President and CEO Timo Levoranta, tel. (exchange) +358 (0)10 313 3000

 

 

Distribution:

NASDAQ Helsinki

Key media

www.digia.com

 

Digia is a profitably growing IT service company that helps its customers harness digital opportunities. As a visionary partner, Digia develops and innovates solutions that support business operations together with its customers. We adapt our expertise to their specific industries to help them develop digital services, manage operations and utilise information. We employ nearly 1,000 experts in Finland and Sweden. We are expanding our international presence together with our customers. Digia's net sales in 2016 totalled EUR 86.5 million. The company is listed on NASDAQ Helsinki (DIGIA). www.digia.com





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Digia, Atomitie 2 A, Helsinki 00370, Finland
If you would like to unsubscribe and stop receiving these e-mails click here.