Innofactor Oyj
Innofactor’s personnel negotiations concluded
Innofactor Oyj 19.12.2014 13:00 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Innofactor Plc Stock Exchange Release December 19, 2014, at 2:00 PM Finnish time Innofactor announced on December 16, 2014, that it will start personnel negotiations in Finland concerning the reduction or conversion to part time of less than 10 positions based on financial and productional grounds. The negotiations have been concluded. Innofactor will cut five positions and convert four full time positions to part time. The actions impact employees who are already temporarily laid off. These actions will bring cost savings of approximately EUR 0.4 million in 2015. The above mentioned arrangements are not estimated to have a negative impact on net sales. Espoo, December 19, 2014 INNOFACTOR PLC Sami Ensio, CEO Additional information: Sami Ensio, CEO Innofactor Plc Tel. 050 584 2029 Distribution: NASDAQ OMX Helsinki Principal media www.innofactor.com Innofactor is one of the leading Nordic IT solution providers focused on Microsoft platforms. Innofactor delivers business critical solutions and maintenance services as a system integrator and develops its own software products and services. Innofactor's own product development is focused on Microsoft's Windows Azure-based cloud solutions. Innofactor's customers include over 1,000 private and public sector organizations in Finland, Denmark, Sweden and elsewhere in Europe. The company has about 400 motivated and skilled employees in a number of locations in Finland, Denmark, and Sweden. From 2009 to 2013, Innofactor's annual net sales growth has been 43 percent on average. Leading Finnish business publication Kauppalehti selected Innofactor as the most successful company on the Finnish stock exchange in 2013. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ OMX Helsinki Oy. News Source: NASDAQ OMX 19.12.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Innofactor Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009007637 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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