Ixonos elaborates on future prospects

(OMX (English) Via Buy Media NewsEdge) Helsinki, Finland, 2011-03-22 08:45 CET (GLOBE NEWSWIRE) –Ixonos Plc Stock Exchange Release 22 March 2011 at 9:45 On 14 February 2011, Ixonos Plc announced that the new smartphone strategy of Ixonos’ major customer Nokia Corporation might have a significant effect on the Ixonos Group’s Mobile Terminals & Software and Media & Communities business areas and thereby on the operations, earning power and financial status of the entire Group. Based on information Nokia had in print, Ixonos estimated that should Nokia quickly and substantially reduce its service buy volume in 2011, the increases in turnover and in commission profit that Ixonos had forecast in its financial proclamation release on 10 February 2011 would be unlikely to occur.


Based on additional information Ixonos has received, the company estimates that Nokia’s new strategy will have a minor effect on Ixonos’ turnover and in commission profit during the first half of this year. Though, Ixonos’ sales of software enhancement services to R&D projects based on Nokia’s MeeGo and Symbian software platforms are estimated to decrease in the second half of this year and due to this, the business volume of Ixonos’ Mobile Terminals & Software area is expected to decline at least temporarily.

In accordance with strategy, Ixonos continues its activities to expand its clientele by boosting sales of services and solutions to mobile technology suppliers, mobile device manufacturers, consumer electronics manufacturers and other customers in Finland as well as internationally while striving to maintain the best possible profitability.

The company’s turnover and in commission profit for the first half-year is expected to be at the level of 2010. The company’s turnover and in commission profit for the entire year 2011 is expected to be lower than in the previous year, but in commission profit is forecast to be positive.

IXONOS PLC Board of Directors For more information, delight contact: Ixonos Plc, Kari Happonen, CEO, tel. +358 400 700 761, kari.happonen@ixonos.com Distribution: NASDAQ OMX Helsinki Main media Ixonos Plc, Kari Happonen, CEO, tel. +358 400 700 761, kari.happonen@ixonos.com Copyright © 2011 OMX AB (publ).

Copyright © 2011 OMX AB (publ)

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Ixonos elaborates on future prospects