Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Tecnotree Oyj    TEM1V   FI0009010227

TECNOTREE OYJ

(TEM1V)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Tecnotree Oyj : Reports Robust Third Quarter Results

11/27/2020 | 09:23am EST

Tecnotree, the global provider of IT solutions for the telecom industry, has recently announced its Q3 financial results for 2020. Despite the highly volatile and challenging economic conditions created by the COVID-19 epidemic, Tecnotree has strengthened its market position, especially in the MEA region; increasing both revenue and profitability compared to the same quarter last year.

Revenue in the third quarter was 18% higher than the same quarter last year and profitability this quarter was also a record high, with an operating margin (EBIT) of 47% yielding a €6.9 million operating result.

Key Q3 Year-on-Year Changes:

  • Revenue improved by 18% with €14.7 million
  • Net income grew by 110%
  • Reported EBIT is €6.9 million with a 60% increase
  • Earnings per share has doubled to 2 cents from 1 cent
  • Cash and cash equivalents at the end of September increased by 26% in comparison to the same time in 2019

Tecnotree's Digital BSS Suite 5 product offering and the company's vast experience in driving digital transformation continue to generate interests across various telecom industry markets, where digitalization has become a necessity to compete and survive in the post Covid-19 era.

'Our positive Q3 results are further evidence of the strength of our offerings to telecom operators. We will continue our robust growth across global markets by increasing the presence of our brand and unlocking new opportunities from the 5G implementations and digital transformation requirements of our customers. Going forward, we will also synergize new partnerships with the Internet of Things (IoT) providers to increase our competitive edge and reach new markets; allowing our customers to benefit from the full range of Tecnotree Digital BSS Suite 5 products and our high-quality digital deployment, operational and Managed Services capabilities'- comments Padma Ravichander, CEO of Tecnotree Corporation.

Disclaimer

Tecnotree Oyj published this content on 05 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 November 2020 14:22:02 UTC


© Publicnow 2020
All news about TECNOTREE OYJ
01/04TECNOTREE OYJ : wins a new delivery agreement worth Euro 6 million
AQ
2020TECNOTREE OYJ : stc forms strategic partnership with Tecnotree on Enterprise Dig..
PU
2020TECNOTREE OYJ : Financial Reporting and Annual General Meeting in 2021
PU
2020TECNOTREE OYJ : Financial Reporting and Annual General Meeting in 2021
AQ
2020TECNOTREE OYJ : Claro extends partnership with tecnotree to bring virtualization..
PU
2020TECNOTREE OYJ : stc forms strategic partnership with Tecnotree on Enterprise Dig..
PU
2020TECNOTREE OYJ : Reports Robust Third Quarter Results
PU
2020TECNOTREE OYJ : Corporation Short Report 1 Jan – 30 Sep 2020 (unaudited)
PU
2020TECNOTREE OYJ : Corporation Short Report 1 Jan - 30 Sep 2020 (unaudited)
AQ
2020TECNOTREE OYJ : Corporation comments on misconception in the market related to r..
AQ
More news
Financials
Sales 2019 47,0 M 57,2 M 57,2 M
Net income 2019 7,70 M 9,36 M 9,36 M
Net Debt 2019 16,3 M 19,8 M 19,8 M
P/E ratio 2019 5,67x
Yield 2019 -
Capitalization 184 M 224 M 224 M
EV / Sales 2018 0,61x
EV / Sales 2019 1,24x
Nbr of Employees 653
Free-Float 73,5%
Chart TECNOTREE OYJ
Duration : Period :
Tecnotree Oyj Technical Analysis Chart | TEM1V | FI0009010227 | MarketScreener
Technical analysis trends TECNOTREE OYJ
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Managers and Directors
NameTitle
Padma Ravichander Chief Executive Officer
Neil Mcleod Executive Chairman
Leena Koskelainen Vice President-Global Managed Operations
Priyesh Ranjan Chief Financial Officer
Indrajit Chaudhuri Chief Product & Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
TECNOTREE OYJ-0.85%224
ORACLE CORPORATION-6.69%180 204
SAP SE-2.35%151 738
SERVICENOW INC.-1.70%106 172
INTUIT INC.-1.32%105 380
DOCUSIGN, INC.14.78%47 374