Nordic Business Report-April 27, 2006-TietoEnator Corporation reports 3-month operating profit of EUR34.9m
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Finnish-Swedish IT company TietoEnator Corporation reported on Thursday (27 April) an operating profit (EBIT) of EUR34.9m on net sales of EUR440.6m for the financial quarter January-March 2006.
Operating profit for the three-month period decreased from EUR36.0m, while net sales increased from EUR406.9m, as compared to the corresponding period in 2005.
Organic growth is expected to increase from 2005, but would be affected by the low growth prospects of the Telecom & Media business area and the increase in global sourcing, TietoEnator said.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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