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Last €2.84 EUR
Change Today -0.08 / -2.74%
Volume 12.1K
As of 11:30 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

affecto oyj (AFE1V) Snapshot

Open
€2.91
Previous Close
€2.92
Day High
€2.91
Day Low
€2.84
52 Week High
02/18/15 - €3.84
52 Week Low
08/24/15 - €2.76
Market Cap
63.8M
Average Volume 10 Days
22.8K
EPS TTM
€0.04
Shares Outstanding
22.5M
EX-Date
04/9/15
P/E TM
71.0x
Dividend
€0.16
Dividend Yield
5.63%
Current Stock Chart for AFFECTO OYJ (AFE1V)

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affecto oyj (AFE1V) Details

Affecto Oyj provides enterprise information management solutions in the Northern Europe. It offers information infrastructure solutions, including data integration, data warehousing, data quality, master data management, and information lifecycle management solutions; and information and performance management solutions comprising reporting and analysis, budgeting and planning, dashboards and management workbench, and cost and profitability management, as well as Smart Closing, a financial reporting solution. The company also provides enterprise content management, intranet and extranet portal, insurance systems integration, branch-specific software, and geographical information services solutions. In addition, it offers business advisory, planning and implementation, and maintenance and support, as well as training services. The company is headquartered in Helsinki, Finland.

1,012 Employees
Last Reported Date: 08/3/15

affecto oyj (AFE1V) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

affecto oyj (AFE1V) Key Developments

Affecto Oyj Announces Management Changes

Affecto Oyj announced that Sakari Knuutti has been appointed as the Director, Legal & IR and his employment started on July 27, 2015. Mikko Eerola has been appointed as managing director, B2C and Customer Front-Office Reinvention and the member of the group management team. Eerola will lead Affecto's business technology and design services in these growing areas and he will start on August 10, 2015. CFO Satu Kankare has decided to resign and she will leave Affecto on August 7, 2015. Sami Lehtinen will be the interim CFO and will serve in the position during the CFO recruitment process. Sakari Knuutti has been appointed as the Director, Legal & IR and his employment started on July 27, 2015.

Affecto Plans to Restructure and Streamline its Finnish Business Activities

Finnish market is experiencing growing interest in new business technology areas and on the other hand declining trend in new orders related to traditional IT market and related skills. As a result the Finnish operations are experiencing declining order backlog. While Affecto continues to invest in new growth capabilities in Finland, the company plans to restructure and streamline its Finnish business activities in order to ensure future competitiveness. Consequently, Affecto has issued an invitation to its entire personnel of Affecto Finland Oy and Karttakeskus Oy to take part in personnel negotiations regarding possible work force reductions. The company is evaluating the need for personnel reductions in Finland combined with both organizational changes and ongoing competence development. These actions are estimated to reduce Affecto’s current personnel in Finland up to 50 employees.

Affecto Plc Announces Unaudited Consolidated Earnings Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Affecto Plc announced unaudited consolidated earnings second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of EUR 30,812,000 against EUR 33,018,000 a year ago. Operating profit was EUR 2,881,000 against EUR 2,475,000 a year ago. Profit before income tax was EUR 2,798,000 against EUR 2,292,000 a year ago. Profit for the period attributable to owners of the parent company was EUR 2,353,000 or EUR 0.11 basic and diluted per share against EUR 1,847,000 or EUR 0.09 basic and diluted per share a year ago. EBITDA was EUR 3,152,000 against EUR 3,333,000 a year ago. For the six months, the company reported net sales of EUR 59,874,000 against EUR 64,205,000 a year ago. Operating profit was EUR 4,988,000 against EUR 2,051,000 a year ago. Profit before income tax was EUR 4,785,000 against EUR 1,688,000 a year ago. Profit for the period attributable to owners of the parent company was EUR 3,792,000 or EUR 0.18 basic and diluted per share against EUR 1,297,000 or EUR 0.06 basic and diluted per share a year ago. Net cash from operating activities was EUR 1,384,000 against net cash used in operating activities of EUR 1,479,000 a year ago. Acquisition of tangible and intangible assets was EUR 325,000 against EUR 440,000 a year ago. EBITDA was EUR 5,536,000 against EUR 3,771,000 a year ago. Interest-bearing net debt as on June 30, 2015 was EUR 3,307,000 against EUR 10,128,000 as at June 30, 2014. The company provided earnings guidance for the year 2015. For the year, net sales are estimated to be below last year's level. Operating profit is estimated to grow in 2015. The company does not provide exact guidance for net sales or EBIT development, as single projects and timing of license sales may have large impact on quarterly sales and profit.

 

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Industry Analysis

AFE1V

Industry Average

Valuation AFE1V Industry Range
Price/Earnings 74.1x
Price/Sales 0.5x
Price/Book 1.0x
Price/Cash Flow 32.3x
TEV/Sales 0.2x
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