Innofactor Plc — Earnings Release 2014

Nov 10, 2014

Innofactor re-evaluates the outlook on 2014

Innofactor re-evaluates the outlook on 2014

Innofactor Plc Stock Exchange Release, November 10, 2014, 08:05 Finnish time

Innofactor re-evaluates the outlook on 2014.

Innofactor's net sales in 2014 are expected to be about EUR 43-45 million
(2013: EUR 32.7 million). Operating profit before depreciation and amortization
(EBITDA) in 2014 is expected to be about EUR 3.5-4.5 million (2013: EUR 3.3
million).

Innofactor's net sales was expected earlier to be about EUR 43-48 million in
2014 and operating profit before depreciation and amortization (EBITDA) to be
about EUR 4-6 million in 2014.

Espoo, November 10, 2014

INNOFACTOR PLC

Board of Directors

Additional information:

Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029

Distribution:

NASDAQ OMX Helsinki
Principal media
www.innofactor.com

Innofactor is one of the leading Nordic IT solution providers focused on
Microsoft platforms. Innofactor delivers business critical solutions and
maintenance services as a system integrator and develops its own software
products and services. Innofactor's own product development is focused on
Microsoft's Windows Azure based cloud solutions. Innofactor's customers include
over 1,000 private and public sector organizations in Finland, Denmark, Sweden
and elsewhere in Europe. The company has about 400 motivated and skilled
employees in a number of locations in Finland, Denmark, and Sweden. From 2009
to 2013, Innofactor's annual net sales growth has been 43 percent on average.
Leading Finnish business publication Kauppalehti selected Innofactor as the
most successful company on the Finnish stock exchange in 2013. The Innofactor
Plc share is listed in the technology section of the main list of NASDAQ OMX
Helsinki Oy.