ASIAKASTIETO GROUP PLC, STOCK EXCAHNGE RELEASE, 29 JUNE 2018 AT 3.45 P.M. EEST
Asiakastieto Group cancels previously published outlook due to the completion of the combination with UC AB
The combination of Asiakastieto Group Plc (“Asiakastieto”) and UC AB (“UC”) that was announced on 24 April 2018 (the “Combination”) was completed today. Due to the completion of the Combination, Asiakastieto cancels its previously published outlook, which did not incorporate the impact of the Combination.
Asiakastieto expects its operating environment to remain stable in 2018 in its key markets in Finland and Sweden, and that it is able to initiate actions in the second half of the financial year to start to realise synergy benefits from the combination with UC AB.
The previously published outlook was: “Asiakastieto Group expects its net sales growth rate to be at the higher end of the long-term target (5 – 10%) and to maintain adjusted EBITDA margin at about the current level.”
ASIAKASTIETO GROUP PLC
tel. +358 10 270 7111
Investor Relations Manager
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Nasdaq Helsinki Ltd
Asiakastieto Group is one of the leading providers of digital business and consumer information services in the Nordic countries. The Group’s products and services are primarily used for risk management, finance and administration, decision-making and sales and marketing purposes. We are operating in Sweden under the brand UC and in Finland under the brand Suomen Asiakastieto. At the end of 2017, the Group had around 70 000 corporate customers as well as consumers. The Group serves several industries, the largest ones including finance and banking as well as wholesale and retail sectors and expert service companies. In 2017, the Group’s net sales totaled EUR 131 million and it had approximately 500 employees. Asiakastieto Group is listed on Nasdaq Helsinki with the ticker ATG1V. More information about Asiakastieto Group is available at www.asiakastieto.fi and UC.se
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Source: Asiakastieto Group Oyj via Globenewswire