Epsilon AB issues profit warning.
NORDIC BUSINESS REPORT-20 January 2003-Epsilon AB issues profit warning(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish industrial IT consulting group Epsilon AB issued today (20 January) a revised forecast for the year 2002, saying that cut-downs in the automotive industry would affect the result for the end of 2002 and the beginning of 2003.
Epsilon said that preliminary figures for the year 2002 indicated that the result would fall below previous forecasts according to which it would exceed the 2001 result significantly.
The 2002 result, which included SEK10m in restructuring costs, was now expected to fall significantly below the previous year's level of EBITA of approximately SEK17m, Epsilon said.
Epsilon also said that its restructuring measures would include a reduction of the workforce by some 50 persons.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
((Comments on this story may be sent to email@example.com))
|Printer friendly Cite/link Email Feedback|
|Publication:||Nordic Business Report|
|Article Type:||Brief Article|
|Date:||Jan 20, 2003|
|Previous Article:||Novo Group Oyj and Nokia supply emergency information application to Helsinki.|
|Next Article:||Webcenter Unique ASA wins new orders in the municipal sector.|