ALDATA REVISES ITS FULL YEAR EBIT GUIDANCE DUE TO COSTS ARISING FROM EXPECTED CHANGE IN CONTROL
Aldata Solution Oyj
STOCK EXCHANGE RELEASE
21 September 2011 at 9.00 a.m. (EET)
ALDATA REVISES ITS FULL YEAR EBIT GUIDANCE DUE TO COSTS ARISING FROM EXPECTED
CHANGE IN CONTROL
Aldata expects the full year 2011 EBIT to decrease from the 2010 level due to
additional costs triggered mainly by the change in control likely to materialize
on completion of the mandatory public tender offer made by Symphony Technology
II-A, L.P. (Symphony). There is no change in full year 2011 revenues which are
expected to be somewhat below the 2010 level.
The previous full year guidance was that Aldata expected the year 2011 net sales
to be somewhat below the 2010 level, and full year EBIT to improve compared to
the previous year.
The additional costs that are likely to be triggered relate to different
personnel charges and the acceleration of the long-term incentives for key
employees and the President and CEO, and are estimated at EUR 1.6 million. As a
result of the acceleration, the President and CEO Mr. Bertrand Sciard would not
have any long-term incentive schemes in place.
Helsinki, September 21, 2011
Aldata Solution Oyj
Further information:
Graham Howell, CFO, +33 6 33 05 76 20
About Aldata
Aldata is a global leader in retail and distribution optimization. Our software
and service solutions help retailers, distributors and manufacturers
dramatically improve their business performance. We optimize categories, space,
supply, logistics, and consumer engagement to increase our customers' revenue
and margins, reduce time, cost and waste, and enhance on-shelf availability,
service, and retention.
Founded in 1988, Aldata has an unparalleled track record of delivering
successful projects for the world's largest retail and consumer brands, national
wholesale and distribution organizations, and regional store chains. Aldata
Solution is a public company quoted on NASDAQ OMX Helsinki Ltd with the
identifier ALD1V.
Discover more about Aldata's customers, our solutions, and the multi-skilled
global team that supports them at www.aldata.com.
Distribution:
NASDAQ OMX Helsinki Ltd
Media
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Source: Aldata Solution Oyj via Thomson Reuters ONE
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