Tectia positive profit warning

In some better sector news for a change, Tectia (OMXH: TEC1V) announced its 2012 sales will grow significantly compared to 2011 and the company will report a full-year profit resulting from well performing maintenance and Tectia SSH Client & Server sales. Previously the company said that sales will likely grow where as profit outlook is too cloudy to give estimates. The announcement comes just weeks after a public offer from the CEO, founder and corporate insider Tatu Ylönen to acquire all shares in the company at 50 cents a share. He managed to raise his stake somewhat to around 58% of shares and votes as a result. After today’s news, the stock is trading far above that level.