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Affecto is an annual fall of 2016 prospects - operating profit drops

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Garland Marsella
Oct 20, 2016 13:09
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the Problem is both the Finnish and Baltic business operations.

Software company Affecto calculates the company's net sales and operating profit outlook for the year 2016.

a New result of the control of Affecto expects 2016 revenue to remain at the same level or decline, as well as of 2016 operating profit to decline compared to the previous year.

Earlier Affecto expect net sales to remain at the same level or to grow slightly and operating profit will grow in 2016.

Affecton according to the Finnish segment is in a transition phase, where the business impact increasingly larger contracts and new demand areas.

the Transition will take longer than previously estimated and this has an unfavourable effect on the Finnish segment economic performance in 2016 in the second half of the year.

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Garland Marsella
Oct 20, 2016 13:09
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