Tecnotree reports its result as follows:
With reference to the new guidelines on alternative performance measures issued by the European Securities and Markets Authority (ESMA), Tecnotree uses the alternative performance measures “adjusted operating result” and “adjusted result for the period”. These measures are defined in the footnote to the above table, and in the table “Income statement, Key figures” under the section “Result analysis”.
Tecnotree’s net sales for the financial period were EUR 60.1 (76.5) million and the operating result EUR -10.1 (11.7) million. The operating result included one-time costs of EUR 11.3 million (0.3) and the adjusted operating result was EUR 1.2 million (12.0). The one-time costs, having an impact on net sales, include EUR 9.0 million related to the delivery of a USD 24 million convergent online charging solution, announced in April 2012, as well as EUR 2.3 million (0.3) one-time costs related to redundancies. The adjusted result for the period was EUR -4.2 million (0.6), including one-time revenue of EUR 9.3 million due to the company restructuring. Negative exchange rate differences recorded in financial items of EUR 0.7 million (-0.3).
In the financial items, negative exchange differences were EUR 0.7 million. It is important to examine Tecnotree’s operative result without the impact of exchange rates, which is why this is shown separately in the table above. It has no direct impact on the Group’s cash flow.
Financial income and expenses (net) during the financial period totalled a net profit of EUR 4.5 million (net loss of EUR 3.8 million). Here is a breakdown of these
Taxes for the period totalled EUR 0.6 (7.6) million, including the following items:
Earnings per share were EUR -0.05 (0.00). Equity per share at the end of the period was EUR 0.09 (EUR 0.14).