Tecnotree (OMXH: TEM1V) got out of immediate harm’s way with a successful stock offering a short while ago. Following that it announced several large deals from its new product offering. The company has rarely had problems with sales but profits have been hard to come by and in order to build a sustainable long-term business, there needs to be on the bottom line as well.
Today’s major profit warning raises more questions that answer. The company changes profit guidance from positive to negative due to higher costs and foreign exchange losses incurred during Q3. Sales and adjusted operating profit are still expected to top 2011 level. Further numbers are expected in two days in connection with Q3 2012 interim report.
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