Aldata expects the full year 2011 to generate a significant loss at the operating result, EBIT, level mainly due to costs incurred in providing for bad and doubtful debts and a provision for empty office space. These are in addition to the previously announced additional costs arising from change in control and loss of office of CEO. There is no change in full year 2011 net sales which are expected to be somewhat below the 2010 level.
The previous full year guidance was that Aldata expected the year 2011 net sales to be somewhat below the 2010 level, and to generate a loss at operating result, EBIT, level.
Helsinki, January 31, 2012
Aldata Solution Oyj
Further information:
Graham Howell, CFO, +33 6 33 05 76 20
About Aldata
Aldata is a global leader in retail and distribution optimization. Our software and service solutions help retailers, distributors and manufacturers dramatically improve their business performance. We optimize categories, space, supply, logistics, and consumer engagement to increase our customers' revenue and margins, reduce time, cost and waste, and enhance on-shelf availability, service, and retention.
Founded in 1988, Aldata has an unparalleled track record of delivering successful projects for the world's largest retail and consumer brands, national wholesale and distribution organizations, and regional store chains. Aldata Solution is a public company quoted on NASDAQ OMX Helsinki Ltd with the identifier ALD1V.
Discover more about Aldata's customers, our solutions, and the multi-skilled global team that supports them at www.aldata.com.
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Source: Aldata Solution Oyj via Thomson Reuters ONE
