Affecto discloses preliminary information regarding its Q1/2017 results and increases its revenue outlook for the year 2017

Affecto Plc - Stock Exchange Release, 8 May 2017 at 9:00, Helsinki

Affecto discloses preliminary information regarding its Q1/2017 results and increases its revenue outlook for the year 2017

Affecto discloses preliminary information regarding its Q1/2017 results and increases its revenue outlook for the year 2017. The Company’s Q1/2017 revenue was approximately 30.2 MEUR (Q1/2016: 27.3 MEUR) and operating profit was 1.9 MEUR (Q1/2016: 1.0 MEUR). Further, the Company increases its revenue outlook for the year 2017.

New Outlook:
Affecto expects its FY’17 revenue to be above the previous year (2016: 112.5 MEUR), and its FY’17 operating profit to be at the same level or below the previous year (2016: 6.7 MEUR).

Previous Outlook announced 17 February 2017:
Affecto expects its FY’17 revenue to be at the same level or above the previous year, and its FY’17 operating profit to be at the same level or below the previous year.

Affecto publishes its Q1/2017 interim report 11 May 2017 approximately at 9:00 Helsinki time. Due to the silent period, the Company will not comment its outlook or financial results until the Q1/2017 briefing that will be arranged 11 May 2017 at 15:00 at Affecto Plc.


AFFECTO PLC


For additional information, please contact:

Martti Nurminen
CFO
+358 40 751 7194
martti.nurminen@affecto.com


Sakari Knuutti
Director, Legal & IR
+358 50 562 4077
sakari.knuutti@affecto.com


www.affecto.com