Tecnotree Oyj — Earnings Release 2021

Aug 12, 2021

Tecnotree Corporation Financial Report for Q2 and Half Year 2021

Tecnotree Corporation Financial Report for Q2 and Half Year 2021

Tecnotree Corporation Stock Exchange Release 12 Aug 2021 at 9:00 EET

STRONG GROWTH IN REVENUE AND ORDER BOOK CONTINUES

[][]
Key figures, MEUR 4-6/ 4-6/ 1-6/ 1-6/ 1-12/
2021 2020 2021 2020 2020
Net sales 16,7 14,1 27,9 24,0 52,8
Adjusted 7,6 5,8 10,6 8,1 19,3
operating result
[1]
Operating result 7,6 6,3 10,6 7,4 18,6
Result before 6,2 5,4 9,1 6,4 15,9
taxes
Adjusted result 5,3 3,8 7,7 5,5 14,2
for the period
[2]
Result for the 5,3 4,2 7,7 4,8 13,6
period

Earnings per 0,02 0,02 0,03 0,02 0,05
share, basic, EUR

Order book 55,0 39,4 32,1

Cash flow after 1,8 2,3 3,5 3,5 7,0
investments
Change in cash 1,0 1,4 2,6 2,4 4,7
and cash
equivalents
Cash and cash 10,7 5,8 8,0
equivalents

Equity ratio % 49,4 25,5 39,3
Net gearing % 6,9 - 27,1

Personnel at end 688 622 659
of period

1 Adjusted
operating result
= operating
result before one
-time items.
2 Adjusted result
for the period =
result before one
-time items.

CEO Padma Ravichander: Robust first half despite COVID-19 challenges
Tecnotree has achieved compelling growth across key performance metrics during
the first half of 2021. Tecnotree’s Digital BSS Suite continues to generate
healthy excitement across markets, leading to a record order book in the last 8
years. Tecnotree, despite the Covid impact, continues to cautiously invest in
enhancing its products and delivery capabilities, tap new sales channels,
improve its competitive position while remaining highly efficient to deliver a
strong financial result.
While the world continues to combat COVID-19 related challenges, Tecnotree too
has faced similar challenges, especially in its largest development center i.e.
India, owing to the second wave caused by the delta variant. Although Tecnotree
is taking necessary actions and mitigation steps, we believe that if a
significant third wave occurs, this could affect deliveries in the second half
of this year and thereby may affect revenue. We are also taking all precautions
and providing all possible assistance and safeguards to all our employees
globally, to reduce its overall impact.

Further information
Padma Ravichander, CEO, tel +97 156 414 1420
Priyesh Ranjan, CFO, tel +971 50 955 1188

About Tecnotree
Tecnotree is the only full stack digital business management solution provider
for digital service providers, with over 40 years of deep domain knowledge,
proven delivery and transformation capability across the globe. Our open source
technology based agile products and solutions comprise the full range (order-to
-cash) of business process and subscription management for telecom and other
digital service providers. Tecnotree products and platforms service over 800
million subscribers worldwide. Tecnotree is listed on Nasdaq Helsinki (TEM1V).
For more information, please visit www.tecnotree.com.

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