Business Services Industry
Teleca AB issues profit warning
Nordic Business Report, Dec 19, 2005
NORDIC BUSINESS REPORT-19 December 2005-Teleca AB issues profit warning(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish telecomms and IT services developer Teleca AB said on Monday (19 December) that it had adjusted its forecast for 2005.
The company expects a continued increased sales and slightly lower operating earnings (EBIT) than SEK109m in 2004.
For the Products division Teleca has forecast significantly increased sales compared with last year. Operating earnings (EBIT) for the Products division were expected to be lower than SEK14m in 2004.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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