Tecnotree proposes no FY dividend as financial situation remains 'tight'

Monday 5 March 2018 | 12:25 CET | News
Tecnotree posted a one-off goodwill write-down of EUR 16.7 million for both the fourth quarter and full year 2017, according to its unaudited results. Tecnotree warned that the financial situation remains tight due to a delay in financing arrangements, and it is proposing no dividend for the year. Fourth quarter cash flow after investments was zero, although it said the one-off write-down had not had any effect on its cash flow.

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Categories: IT
Companies: Tecnotree
Countries: Finland
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