Brief: Innofactor Sells Innofactor Prime Business To TSS

Innofactor Oyj

31/03/2021 10:01

March 31 (Reuters) - Innofactor Plc  IFA1V.HE :
    * INNOFACTOR SELLS INNOFACTOR PRIME BUSINESS TO TOTAL
SPECIFIC
SOLUTIONS
    * TSS EXPANDS ITS POSITION IN REGION WITH NOW FOUR COMPANIES
IN
FINLAND AND ELEVEN IN NORDICS.
    * TRANSACTION TAKES EFFECT ON 1.4.2021.
    * TRANSACTION HAS A POSITIVE NET EFFECT OF ABOUT 2,6 MILLION
EUROS
TO INNOFACTOR Q1 2021 OPERATING MARGIN (EBITDA) AND ESTIMATED
ABOUT 2 MILLION EUROS NEGATIVE EFFECT FOR 2021 NET SALES
    * TRANSACTION HAS NO EFFECT ON INNOFACTOR'S OUTLOOK FOR 2021

Source text for Eikon:  ID:nGNE4wFbbX 
Further company coverage:  IFA1V.HE 

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