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.

Wednesday, 27 December 2017

Vaisala Oyj (FI) - US tax reform will affect Vaisala

Vaisala Oyj    

Published: 17:00 CET 27-12-2017 /GlobeNewswire /Source: Vaisala Oyj / : VAIAS /ISIN: FI0009900682


Vaisala Corporation

Stock Exchange Release

December 27, 2017 at 6:00 p.m. (EET)

 

US tax reform will affect Vaisala

 

Vaisala estimates that the tax reform, which was signed into law on December 22, 2017, and which lowers the corporate tax rate down from the current 35% to 21% from the beginning of the tax year 2018, will have a favorable effect on Vaisala's effective tax rate.

 

In 2017, the change will decrease Vaisala's deferred tax asset. According to a preliminary estimation, Vaisala will report a decrease in deferred tax asset of approximately EUR 2.4 million in the full-year 2017 results and a corresponding deferred tax expense in the income statement. The change in the deferred tax asset will not have any effect on cash flow nor on the time period when the deferred tax asset is expected to be utilized.

 

 

For further information, please contact:

Kaarina Muurinen, CFO

Tel. +358 40 577 5066

 

Distribution
Nasdaq Helsinki
Key media
www.vaisala.com

 

Vaisala is a global leader in environmental and industrial measurement. Building on over 80 years of experience, Vaisala provides observations for a better world. We are a reliable partner for customers around the world, offering a comprehensive range of innovative observation and measurement products and services. Headquartered in Finland, Vaisala employs approximately 1,600 professionals worldwide and is listed on the Nasdaq Helsinki stock exchange.  www.vaisala.com  www.twitter.com/VaisalaGroup





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 Corporate Solutions clients. Source: Vaisala Oyj, PL 26, Helsinki 00421, Finland
If you would like to unsubscribe and stop receiving these e-mails click here.