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— Semiconductor Packaging Material Global Market Synopsis & Scenario Semiconductor packaging material global market is growing with the up surged Sales of Smartphones and Smart Devices, however the growth may get restricted by the high Dependency on Performance of Semiconductor Equipment Industry Redistributed Chip Packaging is is very popular in the market; this has ultimately become a trend followed by almost every manufacturer of the global market of Semiconductor Packaging Material. Semiconductor Packaging Material Global Market Key Players Semiconductor packaging material manufacturers and subcontractors are experiencing a severe pricing pressure from their customers. Thus, manufacturers are pushing cost reduction at a faster pace to offset erosion in semiconductor average selling prices (ASP). Identified by MRFR Analysts, as the leading market players operating in the global semiconductor packaging material market primarily include • Henkel AG • Hitachi Chemical • Sumitomo Chemical • Kyocera Chemical • Mitsui High-Tec • Toray Industries Corporation • Alent PLC • LG Chemical Semiconductor Packaging Material Global Market Segmentation Semiconductor packaging material global market has been segmented in to 2 key dynamics for an enhanced understanding and convenience of the report. By Types: Organic substrates, bonding wires, encapsulation resins, ceramic packages, solder balls, wafer level packaging dielectrics and others. By Technology: Grid Array, Small Outline Package, Dual Flat No-Leads, Quad Flat Package, Dual In-Line Package and others. The World of consumer electronics shapes (Changes) depending upon the changes taking place in semiconductor devices world ie the thickness of the semiconductor device, die (diodes) attached and bonding wire and encapsulated with materials playing a major role enabling the development of newer packaging technologies. Semiconductor Packaging Material Market Regional Analysis Geographically, Asia-Pacific is one of the crucial markets due to the presence of vast electronic industry in China, Japan and South Korea. This factor has placed Asia-Pacific the leading market in near future followed by North America and Europe. Semiconductor Packaging Material Global Market – Overview A semiconductor package refers to a metal, plastic, glass or ceramic casing containing one or more semiconductor electronic components. Individual discrete components are typically etched in silicon wafer before being cut and assembled in a package. The package provides protection against impact and corrosion holds the contact pins or leads which are used to connect from external circuits to the device, and dissipates heat produced in the device. Thousands of standard package types are made, with some made to industry-wide standards and some particular to an individual manufacturer. Semiconductor Packaging Material Market has witnessed a remarkable growth over the past few years, globally, owing to the rising demand for mobile phones, tablets and other communication devices and as per the MRFR estimation the market will keep on growing during the forecast year. The global semiconductor packaging material market had valued in billions in 2015, the market is expected to grow further surpassing its previous growth records by 2027 with a remarkable CAGR during the forecasted period (2017-2027), predicts the Market Research Future in the recent study report - Global Semiconductor Packaging Material Market. The semiconductor packaging materials is a major platform to the success of the semiconductor business across the globe and the changes in consumer electronics is driving the changes in packaging materials market. The major factor driving the global market of SPM is constantly growing mobile industry and technological advancements. The global market of semiconductor packaging material has augmented exceptionally well owing to the increased demand for mobile and other communication devices, enlightens us the MRFR Team Research Analyst while commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 115 pages Table of Content 1 Executive Summary 2 Scope Of The Report 2.1 Market Definition 2.2 Scope Of The Study 2.2.1 Research Objectives 2.2.2 Assumptions & Limitations 2.3 Markets Structure 3 Market Research Methodologies 3.1 Research Process 3.2 Secondary Research 3.3 Primary Research 3.4 Forecast Model 4 Market Landscape 4.1 Five Forces Analysis 4.1.1 Threat Of New Entrants 4.1.2 Bargaining power of buyers 4.1.3 Threat of substitutes 4.1.4 Segment rivalry 4.2 Value Chain of Global Semiconductor Packaging Material Market 5 Industry Overview of Global Semiconductor Packaging Material Market 5.1 Introduction 5.2 Growth Drivers 5.3 Impact analysis 5.4 Market Challenges 5.5 Impact analysis 6 Market Trends 6.1 Introduction 6.2 Growth Trends 6.3 Impact analysis Continue…… Related Report Global Glass Packaging Market Information by Application (Alcoholic beverages, food & beverages, pharmaceuticals and others) and by Region - Forecast to 2021 https://www.marketresearchfuture.com/reports/glass-packaging-market About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. For more information, please visit https://www.marketresearchfuture.com/reports/semiconductor-packaging-material-market


News Article | May 6, 2017
Site: www.PR.com

Datamatics Awarded as the Fastest Growing Indian Company in the UK Mumbai, India, May 06, 2017 --( To be included in the Tracker, now in its fourth year, Indian corporates must have a minimum two-year track record in the UK, turnover of more than 5 million pounds and year-on-year revenue growth of at least 10 per cent. Datamatics Infotech Ltd. topped this year’s list with a growth rate of 103%. Speaking on the occasion, Rahul Kanodia, Vice Chairman & CEO said, “It’s an honour to receive such prestigious recognitions. It has been our constant endeavour to provide smart services and solutions to our global customers. These smart solutions have been helping our customers maintain an edge in the highly competitive market; and this growth is a true reflection of our customer centric approach and corporate strategy to provide innovative solutions.” Datamatics has been helping its customers in their Digital Transformation journey. The Company provides new age as well traditional services & solutions to its customers; that are scalable and provide increased efficiency. Some of the innovative solutions include Robotic Process Automation, Robotic Test Automation, Advance Analytics and enterprise Mobility, while the traditional services include Application Management, Enterprise Content Management, Enterprise Data Management, Enterprise Collaboration, Business Process Management, Claims Management, Finance & Accounting Services, and Automatic Fare Collection amongst others. The Tracker highlights 55 of the fastest-growing Indian companies in the UK, as well as the top Indian employers, and provides insight into the evolving scale, business activities, locations and performance of the Indian-owned companies making the biggest impact in the UK. About Datamatics Global Services Datamatics is a global provider of Consulting, Information Technology (IT), Data Management and Business Process Management services to several Fortune 500 companies. Datamatics has a fully integrated offering to support digital transformation of organizations through Smart Processes, Smart Systems, Smart Devices and Smart Data. These solutions are powered by Robotics, Artificial Intelligence and Machine Learning algorithms which offer improved business efficiency in the interconnected world. The core operation of Datamatics is built around “Data to Intelligence,” wherein Datamatics leverages data to extract intelligence and patterns thereby facilitating smarter and quicker decision making. Datamatics has adopted the highest standards of service quality and operational excellence, enabling its clients across a wide range of industry verticals to transform into a truly digital, data driven enterprise. Its customised solutions help enterprises maximize productivity, improve speed and accuracy. Headquartered in Mumbai, the company has a presence across America, Australia, Asia and Europe. Safe Harbour Some of the statements in this update that are not historical facts are forward-looking statements. These forward- looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry. For media queries, please contact: Nikita Suratwala AGM – Marketing & Corporate Communications Datamatics Global Services Limited nikita.suratwala@datamatics.com Mumbai, India, May 06, 2017 --( PR.com )-- Datamatics Infotech Ltd. (DIL), a subsidiary of Datamatics Global Services Limited (DGSL) was recently awarded as the “Fastest Growing Indian Company” in the ‘4th India meets Britain tracker 2017’ report, which was released by Grant Thornton in collaboration with the Confederation of India Industry (CII). Datamatics was also awarded as the “Fastest Growing Technology Company” and “Fastest Growing New Entrant” in the same report. The award was presented in the UK by the Deputy High Commissioner of India to UK His Excellency Dinesh K. Patnaik.To be included in the Tracker, now in its fourth year, Indian corporates must have a minimum two-year track record in the UK, turnover of more than 5 million pounds and year-on-year revenue growth of at least 10 per cent. Datamatics Infotech Ltd. topped this year’s list with a growth rate of 103%.Speaking on the occasion, Rahul Kanodia, Vice Chairman & CEO said, “It’s an honour to receive such prestigious recognitions. It has been our constant endeavour to provide smart services and solutions to our global customers. These smart solutions have been helping our customers maintain an edge in the highly competitive market; and this growth is a true reflection of our customer centric approach and corporate strategy to provide innovative solutions.”Datamatics has been helping its customers in their Digital Transformation journey. The Company provides new age as well traditional services & solutions to its customers; that are scalable and provide increased efficiency. Some of the innovative solutions include Robotic Process Automation, Robotic Test Automation, Advance Analytics and enterprise Mobility, while the traditional services include Application Management, Enterprise Content Management, Enterprise Data Management, Enterprise Collaboration, Business Process Management, Claims Management, Finance & Accounting Services, and Automatic Fare Collection amongst others.The Tracker highlights 55 of the fastest-growing Indian companies in the UK, as well as the top Indian employers, and provides insight into the evolving scale, business activities, locations and performance of the Indian-owned companies making the biggest impact in the UK.About Datamatics Global ServicesDatamatics is a global provider of Consulting, Information Technology (IT), Data Management and Business Process Management services to several Fortune 500 companies. Datamatics has a fully integrated offering to support digital transformation of organizations through Smart Processes, Smart Systems, Smart Devices and Smart Data. These solutions are powered by Robotics, Artificial Intelligence and Machine Learning algorithms which offer improved business efficiency in the interconnected world. The core operation of Datamatics is built around “Data to Intelligence,” wherein Datamatics leverages data to extract intelligence and patterns thereby facilitating smarter and quicker decision making.Datamatics has adopted the highest standards of service quality and operational excellence, enabling its clients across a wide range of industry verticals to transform into a truly digital, data driven enterprise. Its customised solutions help enterprises maximize productivity, improve speed and accuracy. Headquartered in Mumbai, the company has a presence across America, Australia, Asia and Europe.Safe HarbourSome of the statements in this update that are not historical facts are forward-looking statements. These forward- looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.For media queries, please contact: Nikita SuratwalaAGM – Marketing & Corporate Communications Datamatics Global Services Limited nikita.suratwala@datamatics.com Click here to view the list of recent Press Releases from Datamatics Global Services Limited


Receive press releases from Customer Analytics Technologies Inc.: By Email Pleasanton, CA, March 02, 2017 --( Staying true to its mission, Nova believed that a world-class experience was possible only through a closed-loop mechanism of collecting feedback from patients and acting on it immediately for improvement. Since inception, Nova was collecting feedback manually through paper-based surveys. However, as Nova expanded, it became increasingly difficult to collect feedback and undertake improvement initiatives within a reasonable amount of time. To overcome this challenge, Nova opted for CloudCherry, an automated digitized CEM platform with the ability to collect and act on feedback in real-time. Using CloudCherry’s CEM Software, Nova has been able to collect patient feedback across 18 locations (and counting) in real time. Using automated alerts and notifications, Nova is able to act on patient feedback in minutes, instead of days. Enabled by CloudCherry, Nova has earned a class-leading Net Promoter Score®, a measure of willingness of customers to refer others. Going ahead, Nova also has the option of integrating CloudCherry with its Hospital Management Information System (HMIS). This will enable Nova to link patient satisfaction with business performance, paving the way for calculating return on its CEM investments. With this partnership, CloudCherry strengthens its hold in the Indian Healthcare Industry. With a repertoire of reputed Healthcare Services & Hospitals already under its wings, the CEM product continues to improve patient satisfaction across India. “One of the prime reasons for us to invest in Patient Experience was that we were unable to take action on customers’ feedback. And when we did, it was delayed as we had to do everything manually. CloudCherry has drastically improved our turnaround time and has made us realize our philosophy of Customer Satisfaction. I now have access to customer data from all our locations, across the whole country, on a single dashboard. No more retrospective problem resolution. Only proactive service! CX gives you the competitive edge. Life is different since CloudCherry happened to us!” said Vinesh Gadhia, Nova IVI Fertility’s Chief Operations Officer. "We are truly thrilled by our association with Nova IVI Fertility. It throws open a window of opportunity for us to improve patient satisfaction in India, the need for which is massive and ever expanding. More and more Health Care Services are opting to fix the loopholes and address patient satisfaction as need of the hour. We are confident that this association with prove to be successful!” says Vinod Muthukrishnan, Chief Executive Officer at CloudCherry. About CloudCherry Pleasanton | Singapore | Bengaluru | Chennai CloudCherry is the definitive Real-Time, Omni-channel Customer Experience Management platform that helps customer-facing brands track, measure & improve Customer Delight – which results in better customer experience, greater customer loyalty and profitability. Leading brands around the world in Retail, Banking, Insurance, Aviation, Hospitality, Healthcare & E-commerce amongst others use CloudCherry today to: · Understand evolving Customer Expectations · Track & measure metrics like their Net Promoter Score, Customer Effort Score, Customer Delight score and more · Get insights in real-time on what Customers love, and more importantly, what you need to fix · Capture feedback from 17 channels of interaction including Smart Devices, Email, Web, SMS, In-App and more · Manage CX for the entire organization with a One View Dashboard · Integrate with existing systems & tools seamlessly CloudCherry is a part of Customer Analytics Technologies Inc., and is backed by Vertex Ventures, CISCO Investments, IDG Ventures India, The Chennai Angels & Capillary Technologies. CloudCherry has been honoured with multiple awards & accolades, few of them including • Coolest Startups in India 2016 - Business Today magazine • Top 50 Product companies 2016 – InTech50 • Top 50 Emerging Product Companies 2015 – NASSCOM • Microsoft Accelerator Alumni (2015 Winter Batch) • Part of Aditya Birla Bizlabs program • Startup of the year 2014 - CII Startupreneurs. Visit www.getcloudcherry.com for more information. About Nova Nova IVI Fertility is one of India’s largest service providers in the Fertility Space. Nova IVI Fertility was launched with the commitment to offer standardized and ethical infertility treatment while addressing the pressing need for an organized, institutional fertility treatment provider. With state-of-the-art technology and a team of internationally acclaimed doctors, Nova IVI has one of the highest success rates in India. Visit www.novaivifertility.com for more details. Pleasanton, CA, March 02, 2017 --( PR.com )-- The Indian healthcare services market is estimated to be growing at a rate of 12.5% and is set to become a $ 102.5 billion market by FY2019-20 (Source: CRISIL Research). The growth is largely driven by top-tier corporate hospital chains, with a focus on non-communicable lifestyle diseases. With increasing incomes and higher exposure to outstanding experiences in other sectors, customers of premium healthcare services have become very discerning. Along with world-class treatment, patients and their families expect class-leading experience on all other aspects. Expectations have risen from "cure" to "cure with care." In this context, Fertility Treatment Centre "Nova IVI Fertility" (Nova) has customer experience enshrined in its mission statement, “To develop innovative protocols to enhance the customer experience.”Staying true to its mission, Nova believed that a world-class experience was possible only through a closed-loop mechanism of collecting feedback from patients and acting on it immediately for improvement. Since inception, Nova was collecting feedback manually through paper-based surveys. However, as Nova expanded, it became increasingly difficult to collect feedback and undertake improvement initiatives within a reasonable amount of time. To overcome this challenge, Nova opted for CloudCherry, an automated digitized CEM platform with the ability to collect and act on feedback in real-time.Using CloudCherry’s CEM Software, Nova has been able to collect patient feedback across 18 locations (and counting) in real time. Using automated alerts and notifications, Nova is able to act on patient feedback in minutes, instead of days. Enabled by CloudCherry, Nova has earned a class-leading Net Promoter Score®, a measure of willingness of customers to refer others.Going ahead, Nova also has the option of integrating CloudCherry with its Hospital Management Information System (HMIS). This will enable Nova to link patient satisfaction with business performance, paving the way for calculating return on its CEM investments.With this partnership, CloudCherry strengthens its hold in the Indian Healthcare Industry. With a repertoire of reputed Healthcare Services & Hospitals already under its wings, the CEM product continues to improve patient satisfaction across India.“One of the prime reasons for us to invest in Patient Experience was that we were unable to take action on customers’ feedback. And when we did, it was delayed as we had to do everything manually. CloudCherry has drastically improved our turnaround time and has made us realize our philosophy of Customer Satisfaction. I now have access to customer data from all our locations, across the whole country, on a single dashboard. No more retrospective problem resolution. Only proactive service! CX gives you the competitive edge. Life is different since CloudCherry happened to us!” said Vinesh Gadhia, Nova IVI Fertility’s Chief Operations Officer."We are truly thrilled by our association with Nova IVI Fertility. It throws open a window of opportunity for us to improve patient satisfaction in India, the need for which is massive and ever expanding. More and more Health Care Services are opting to fix the loopholes and address patient satisfaction as need of the hour. We are confident that this association with prove to be successful!” says Vinod Muthukrishnan, Chief Executive Officer at CloudCherry.About CloudCherryPleasanton | Singapore | Bengaluru | ChennaiCloudCherry is the definitive Real-Time, Omni-channel Customer Experience Management platform that helps customer-facing brands track, measure & improve Customer Delight – which results in better customer experience, greater customer loyalty and profitability. Leading brands around the world in Retail, Banking, Insurance, Aviation, Hospitality, Healthcare & E-commerce amongst others use CloudCherry today to: · Understand evolving Customer Expectations · Track & measure metrics like their Net Promoter Score, Customer Effort Score, Customer Delight score and more · Get insights in real-time on what Customers love, and more importantly, what you need to fix · Capture feedback from 17 channels of interaction including Smart Devices, Email, Web, SMS, In-App and more · Manage CX for the entire organization with a One View Dashboard · Integrate with existing systems & tools seamlessly CloudCherry is a part of Customer Analytics Technologies Inc., and is backed by Vertex Ventures, CISCO Investments, IDG Ventures India, The Chennai Angels & Capillary Technologies. CloudCherry has been honoured with multiple awards & accolades, few of them including • Coolest Startups in India 2016 - Business Today magazine • Top 50 Product companies 2016 – InTech50 • Top 50 Emerging Product Companies 2015 – NASSCOM • Microsoft Accelerator Alumni (2015 Winter Batch) • Part of Aditya Birla Bizlabs program • Startup of the year 2014 - CII Startupreneurs.Visit www.getcloudcherry.com for more information.About NovaNova IVI Fertility is one of India’s largest service providers in the Fertility Space. Nova IVI Fertility was launched with the commitment to offer standardized and ethical infertility treatment while addressing the pressing need for an organized, institutional fertility treatment provider. With state-of-the-art technology and a team of internationally acclaimed doctors, Nova IVI has one of the highest success rates in India. Visit www.novaivifertility.com for more details. Click here to view the list of recent Press Releases from Customer Analytics Technologies Inc.


News Article | March 3, 2017
Site: globenewswire.com

Financial statements release for the period January 1 - December 31, 2016 CONFIRMED ORDERS STRENGTHENED SIGNIFICANTLY AND MAIN POINTS OF RESTRUCTURING PROGRESSING AS PLANNED The fourth quarter 2016 in brief (previous-year figures in brackets): The review period in brief (previous-year figures in brackets): ·        Turnover for the review period was EUR 15.3 (EUR 17.0) million, a change of -10.3 per cent. ·        Earnings before interest, taxes, depreciation and amortization (EBITDA) were EUR -7.2 million, - 47.4 per cent of turnover, (EUR -7.4 million, -43.5 percent of turnover). ·        Operating result was EUR -7.7 million, -50.7 per cent of turnover (EUR -8.7 million, -51.2 per cent of turnover). ·        Net result was EUR -9.5 million, -62.6 percent of turnover (EUR -10.6 million, -62.3 percent of turnover). The operating profit of the company is expected to improve compared to 2016. “The positive development of our business has continued in the last quarter of 2016. The impact of streamlining our cost structure has begun to show and now it supports the improvement of our profitability. One indicator that has improved in a positive direction is also the confirmed orders that during the last quarter was at it’s highest during three years. The order intake in 2016 increased more that 70 % compared to the previous year. Typically deliveries stretch over a longer period, thus forming a base for long-term operations as well as a moderate impact on turnover. Also the turnover at the last quarter of the year was higher compared to the previous quarter, which in turn verifies that the company is about to turn and long-term efforts are bearing fruit. During the last quarter of the year we were able to enter significant new customer agreements. In November we concluded a new three-year contract within our In-Venue solution area where we develop holistic customer experiences to the users of public and commercial venues by combining smart digital solutions to different physical venues and services. Examples of such services are for example stadiums, shopping malls and cruise ferries. Another significant customer agreement that we concluded in November is the continuation of our agreement on a cloud-based online store in Honda cars. According to the contract comprising several years Ixonos continues developing and managing the Honda App Center on Honda’s Android based IVI solution that today is sold also in Russia and Turkey in addition to the European market. Also our other focus areas; Smart Citizen, IoT and Smart Data, Smart Devices and Digital Transformations have grown stronger both in terms of new confirmed orders from existing customers and the amount of new customers with whom we have started co-operation. Discovery as a Service and the 5-day Design Sprint that is derived from it are parts of our service portfolio and continue to open up new customer opportunities. The 5-day Design Sprint is a productized service where we during five days take the key stakeholders of our clients all the way from their challenge through ideation and idea validation to concrete prioritization and decisions about how to proceed. Our customers have appreciated the service that they feel it works as a tool that involves all substantive internal stakeholders into decision-making and helps them to clearly validate their ideas. When providing these services we can together with our clients process concrete issues and create a common roadmap while at the same time considering the wishes and views of the customer’s internal stakeholders. Our service business will continue to be the core of our business. Alongside it we bring asset-based services that aim to benefit our service business, focus our efforts to specific platforms and increase the amount of continuous turnover. These assets can be either provided by some other part or the company’s own platform solutions. With this we believe that we can deepen our service portfolio and further develop our praised quality. The structural change of our North American operations was completed during the last quarter of the year. Now our site- and organizational structure does enable producing services and sales in an operatively efficient way. In Great Britain our turnover increased during year 2016 and during 2017 we are expecting a strong growth in this market. Our journey as a turning company continues and we believe that the positive change that started in 2016 will continue also in 2017. Ixonos is a service company that combines design and technology in a versatile way. We offer creative and versatile digital solutions and consulting services to many different industries. We mainly focus our services towards a deep understanding of the digital challenges (like utilizing digitalization within business) of our customers. We create new digital solutions for our customers. These services are based on the latest technologies and trends that affect their businesses. Premium user experience requires design and technology to work seamlessly together, and Ixonos strives to be the leading expert for our growing clientele. Our Vision Discover-Design-Deliver contains user research in the initial phases of strategic design and defining feasible, sustainable technology services. The basic idea is to find the right components that are needed to build into customer order delivery, in order to ensure a premium user experience. Our operations are centralised in Finland, USA, Canada and United Kingdom. Our software development activities are mostly based in Finland, but these activities have been strengthened in our other locations. Design functions currently operate in Helsinki, London, San Francisco and Vancouver. Our design services consist of digital, mobile, and web design, as well as service and industrial design. We offer design services all the way from design strategy and user research to designing visuals and interaction. Our design services extend further to development workshops, designing prototypes, and usability testing. All our design innovations are implemented on different devices and platforms, as we are always striving for the best possible implementation that can be done within the time frames requested by our customers. As a technology company, we have extensive knowledge in developing creative software solutions for embedded systems and software. We use open standardised technologies (e.g. Java,Linux, Android, iOS, Net) and cooperate with our technology partners (Eg., IBM, Gigya, Redhat, Salesforce, Maxicaster, gimbal, and Brightcove) . We combine knowledge in software development with world-class technology competence and expert-level knowledge in user interface and usability design with first-class project management skills. This combination is a significant competitive advantage for the company. Our technology expertise comprises both software and hardware /mobile, wireless connectivity, Online services and devices). Regionally our organization is dived into Europe and North America. The operations in both regions comprise sales and design- and technology service units: ·        Design: Involving holistic design capabilities that generate strategic service design, a deep understanding of users and innovative design of user interfaces, and product design. ·        Technology: Comprised of the implementation of technical solutions, software development and customer projects, and delivering them successfully. The company has four focus areas within it’s offering: 1.      Smart Citizen – digital services for public actors such as cities, municipalities and ministries 2.      In-Venue – digital services for different physical venues such as shopping malls, cruise ferries, office- and residential buildings 3.      Smart Devices – holistic development of smart devices for challenging locations all the way from design to prototyping 4.      Smart Data and IoT – Internet of Things solutions for different industries utilising for example the IBM BlueMix –platform In addition to these focus areas we also support our customers in their digital transformation within other sectors. A new area in our service portfolio is Digital Service Platforms, where the business is built on asset based solutions and their development. The entire operations of the organization are supported by Group Services consisting Finance, HR, IT and legal functions. Our offices are located in our main markets: Finland, United States, Canada and Great Britain. All sites have both technical and design personnel as well as local sales persons. Confirmed orders during the review period were EUR 22.5 (EUR 13.1) million, which represents a 71.7% increase compared to the corresponding period. Turnover in the fourth quarter was EUR 4.5 (EUR 4.3) million, which represents 4.1% growth compared to the corresponding period. Turnover in the review period was EUR 15.3 (EUR 17.0) million, which is 10.3% lower compared to the corresponding period. The main reason for the decline is the divestment of the company's data center business (decline 2.1 million compared to the corresponding period) and the United States declined turnover (decline 2.5 million compared to the corresponding period). The digital transformation services turnover grew 0.8 million compared to the corresponding period although turnover decline in the United States. In particular, the company's Finnish clients have invested heavily with digital technology. During the review period, no single customer generated a dominating share of the turnover or exceeded 10 % of the total turnover. The combined turnover of companies controlled by Savox SA was 13% of the Group turnover. The operating result (EBIT) for the fourth quarter was EUR -1.1 (EUR -2.3) million and the result before taxes was EUR -1.3 (EUR 1.5) million. The net result for the fourth quarter was EUR -1.3 (EUR 1.5) million, earnings per share were EUR 0.00 (EUR 0.01), and cash flow from operating activities per share in the fourth quarter was EUR 0.00 (EUR -0.03). During the review period the operating result (EBIT) was EUR -7.7 (EUR -8.7) million. Despite decrease in turnover the operating result improved due to cost efficiency actions made. The result before taxes was EUR -9.5 (EUR -5.7) million. The net result for the review period was EUR -9.5 (EUR -10.6) million, earnings per share were EUR -0.03 (EUR -0.05), and cash flow from operating activities per share was EUR -0.01 (EUR -0.03). The Group's equity was negative EUR -4.2 (EUR 2.7) million and Return on equity (ROE) was 1.5 (-1421.9) %. Investments during the review period were EUR 0.7 (EUR 1.5) million. All R&D costs are included in the Group's profit for the review period, and nothing is capitalised in the balance sheet. The main reason for the decline of investments is the divestment of the company's data center business and no investments to it was done after Q1/2016, but the R&D focused on IoT –solutions. The balance sheet totalled EUR 16.1 (EUR 18.3) million. Shareholders’ equity was EUR -4.2 (EUR 2.7) million. The equity to total assets ratio was -26.1 (14.8) % The Group’s liquid assets at the end of the review period amounted to EUR 0.4 (EUR 1.9) million. Non-controlling interest of the equity was EUR 0.0 (EUR 0.2) million. The change in shareholders’ equity during the review period was due to both a negative result and a positive impact on convertible bonds of 2.1 million. At the end of the review period, the balance sheet included EUR 2.9 (EUR 3.0) million in loans from the financial institutions. This amount covers the overdrafts in use. The loan agreements from the financial institutions include covenants regarding equity ratio, which will be considered at the first time 31 December 2017 In addition to that the company has loan agreements and convertible bond from its main owner. Loan agreements with related party companies are described in detail in 'related party transactions' Consolidated cash flow from operating activities during the fourth quarter was EUR - 0.3 (EUR -4.0) million, showing an improvement of 92.3 %. Consolidated cash flow from operating activities during the review period was EUR –5.5 (EUR -11.5) million, showing an improvement of 52.2 % due to change in working capital. The Group sells part of its Finnish trade receivables to reduce the turnaround time of its receivables. On the annual closing 31.12.2016 the trade receivables amount that was sold was 0.5 (0.5) million euros. During the review period, EUR 5.1 (EUR 10.0) million trade receivables were sold. On December 31, 2016, the consolidated balance sheet included EUR 11.5 million in goodwill (EUR 12.0 million). The following parameters were used in the goodwill impairment testing: ·        1 % growth estimate used for terminal value calculation Ixonos conducted an impairment test on 31 December 2016, confirming that there is no need for any other impairment. The present value of future cash flows exceeded the carrying value of assets by EUR 17.3 million. The present value of the cash flow calculation of EUR 28.9 million is lower than the sum of the Company's financial liabilities (i.e. EUR 12.5 million) and the market price of the shares (i.e. EUR 35.4 million) as of 31 December 2016. The average number of employees during the fourth quarter was 178 (203). The average number of employees during the review period was 188 (217), and at the end of the period, there were 174 (200) employees. At the end of the review period, the Group had 132 (161) employees stationed in Finnish companies, while Group companies in other countries employed 42 (39). During the review period, the number of employees decreased by 26. During the financial period, the highest price of the Ixonos’ share was EUR 0.11 (EUR 0.11) and the lowest price was EUR 0.06 (EUR 0.05). The closing price on 30 December 2016 was EUR 0.10 (EUR 0.07). The weighted average price was EUR 0.08 (EUR 0.06). The number of shares traded during the review period was 24.568.296 (52.023.432), which corresponds to 6.95 % (14.7 %) of the total number of shares at the end of the review period. The market value of the share capital was EUR 35.356.490 (EUR 24.749.543) at closing on 30 December 2016. At the beginning of the review period, the company’s registered share capital was EUR 585.394.16 and the number of shares was 353.564.898. At the end of the review period, the registered share capital was EUR 585.394.16 and the number of shares was 353.564.898. The Board of Directors of Ixonos Plc decided on November 30, 2011 to grant new options. This decision was based on the authorisation given by the Annual General Meeting on March 29, 2011. The options were issued by December 31, 2011, free of charge, to a subsidiary wholly owned by Ixonos Plc. This subsidiary will distribute the options, as the Board decides, to employees of Ixonos Plc and other companies in the Ixonos Group, to increase their commitment and motivation. Options will not be issued to members of the Board of Directors of Ixonos Plc or to the Ixonos Group’s senior management. The options are marked IV/A, IV/B and IV/C. A total of 600.000 options will be issued. According to the terms of the options, the Board of Directors decides how the options will be divided between option series and, if needed, how undistributed options will be converted from one series to another. Each option entitles its holder to subscribe for one new or treasury share in Ixonos Plc. The exercise period for the IV/A options began on October 1, 2014, The option plans for IV/B options have been cancelled and for the IV/C options the exercise period began on October 1, 2016. The exercise periods for all options will end on December 31, 2018. The exercise price for each option series is a trade volume weighted average price at NASDAQ OMX Helsinki. The exercise prices will be reduced by the amount of dividends, and they can also be adjusted under other circumstances specified in the option terms. In order to ensure the equal treatment of shareholders and the holders of 2011 stock options, the Board of Directors of Ixonos has, due to the Rights Offering, adjusted the subscription ratios and the subscription prices of the Option Rights 2011 in accordance with the terms and conditions of the aforementioned option rights as follows: The subscription ratio of stock options IV/A shall be amended to 8.287 and the subscription price shall be amended to EUR 0.2 per share. As regards stock options IV/C, the subscription ratio shall be amended to 8.287 and the subscription price shall be amended to EUR 0.1497 per share. The total amount of shares is rounded down to full shares in connection with subscription of the shares and the total subscription price is calculated using the rounded amount of shares and rounded to the closest cent. Due to the above mentioned adjustments concerning stock options IV/A, the adjusted maximum total number of shares to be subscribed for based on the 2011 stock options shall be 4.971.966. The Board of Directors of Ixonos Plc decided to issue stock options on February 18, 2014, on the basis of the authorization granted by the Extraordinary General Meeting held on October 30, 2013. The stock options were offered to the global management team and certain key personnel of Ixonos Plc and its subsidiaries for the purpose of improving commitment and motivation. The options are marked 2014A, 2014B and 2014C. The Board of Directors of the Company has found the option rights 2014A, 2014B and 2014C under option plan V to have lapsed insofar as they remain undistributed. Out of the options belonging in the Company's option plan V, only option rights belonging in 2014A series have been distributed. Each option entitles its holder to subscribe for one new or treasury share in Ixonos Plc. The share subscription period with 2014A stock options started on March 1, 2016 and ends on December 31, 2018. The share subscription price is the volume weighted average price of the company's share on the Helsinki Exchange during the period March 1 to May 31, 2014. The subscription price may be decreased with the amount of dividends paid and may also otherwise be subject to change in accordance with the terms and conditions of the stock options among others. In order to ensure the equal treatment of shareholders and the holders of 2011 stock options, the Board of Directors of Ixonos has, due to the Rights Offering December 2015, adjusted the subscription ratios and the subscription prices of the Option Rights 2014 in accordance with the terms and conditions of the aforementioned option rights as follows:  the subscription ratio for 2014A shall be amended to 1.65 and share price to EUR 0.0903. The total amount of shares is rounded down to full shares in connection with subscription of the shares and the total subscription price is calculated using the rounded amount of shares and rounded to the closest cent. Due to the above adjustment concerning the Option Right 2014A, the adjusted maximum total number of shares to be subscribed for based on the Option Rights 2014 shall be 1.690.000. The Board of Directors of Ixonos Plc (“Ixonos” or “Company”) decided to issue option rights on November 21, 2016 on the basis of an authorisation granted by the Annual General Meeting held on 7 April 2016. The option rights will be distributed as determined by the Board of Directors to key persons employed or recruited by a company belonging in Ixonos Plc's group for the purpose of improving their commitment and motivation. The option rights will be marked as series 2016A, 2016B and 2016C.  The maximum amount of option rights issued is 35.356.560, and they entitle to subscribe altogether a maximum of 35.356.560 of new Company shares. The Board of Directors may decide on any additional conditions related to the receipt of option rights and on the redistribution of option rights that later revert back to the Company. Each option right entitles its holder to subscribe for one new Ixonos share. Shares subscribed on the basis of the option rights represent, on 3 November 2016, altogether a maximum of approximately 10 per cent of all Company shares and votes, corresponding to a dilution effect of approximately 9 per cent. The subscription period for shares subscribed for under option rights 2016A starts on 1 October 2017 and ends on 30 September 2018. The subscription price of a share subscribed for under option right 2016A is EUR 0.08, which corresponds to the weighted average price of the Company’s shares quoted on Nasdaq Helsinki Ltd (“Helsinki Stock Exchange”) between 18 May and 18 November 2016 rounded up to the nearest cent. The subscription period for shares subscribed for under option rights 2016B starts on 1 October 2018 and ends on 30 September 2019. The subscription price of a share subscribed for under option right 2016B is the weighted average price of the Company’s shares quoted on the Helsinki Stock Exchange between 1 July and 31 December 2017 rounded up to the nearest cent. The subscription period for shares subscribed for under option rights 2016C starts on 1 October 2019 and ends on 30 September 2020. The subscription price of a share subscribed under option right 2016C is the weighted average price of the Company’s shares quoted on the Helsinki Stock Exchange between 1 July and 31 December 2018 rounded up to the nearest cent. The subscription price may be decreased by, inter alia; the amount of dividends paid and may also    otherwise be subject to revision in accordance with the terms and conditions. The subscription price, however, may never be lower than EUR 0.01. The theoretical market value of the incentive scheme is approximately EUR 1.2 million, which is recognised as an expense in accordance with IFRS 2 for the years 2016-2020.The write-down is not based on cash flows. The theoretical market value of the option rights has been calculated using the Black & Scholes model. On 30 December 2016, Ixonos had 3.262 shareholders (3.035). Private persons owned 12.7% (12.5%), institutions owned 86.8% (87.5%), foreigners owned 0.5% (0.5%). Nominee-registered ownership was 1.5% (1.9%) of all shares. Tremoko Oy Ab, a related party, owns 82.2% of the Company’s shares. Options held by Tremoko can increase their ownership to 82.3%. On 14 March 2016, the Company entered a loan agreement with Tremoko Oy Ab. The new loan enabled additional financing of 1.5 million Euros. On 8 April 2016, Tremoko Oy Ab (“Tremoko”) subscribed to a convertible bond in full with a capital of EUR 9.200.000.95 (“Loan”) and attached an option or other special rights referred to in Chapter 10 Section 1(2) of the Limited Liability Companies Act (“Special Rights”), which were directed to be subscribed to by Tremoko as a result of decision-making in the Ixonos Plc (“Company”) General Meeting that took place on 7 April 2016. The Board of Directors of our Company has accepted Tremoko’s subscription. The Loan and attached Special Rights have been issued in order to strengthen the Company’s working capital and reorganise the capital structure as well as lower financing costs. Hence, there are weighty financial reasons for taking the Loan and granting the Special Rights. The Loan’s issuing price and conversion price have been defined according to market terms. The main specifications of the Terms of the Loan and the Special Rights are as follows: ·        The amount of the Loan is EUR 9.200.000.95. ·        An annual interest of Euribor 6 months (at least ≥ 0 %) + 4.0 per cent is paid on the principal of the Loan. ·        The conversion option attached to the Loan entitles Tremoko to a maximum amount of 131.428.585 of new Company’s shares. ·        The rate of conversion is fixed at EUR 0.07, and it shall be revised as set out in the Terms. ·        The loan period is 8 April 2016–8 April 2020, so that as of 8 April 2018, altogether EUR 1.700.000.05 of the loan will be paid biannually in five tranches of EUR 340.000.01. Additionally on 8 April 2020, the remaining loan, altogether EUR 7.500.000.90, will be paid in a one-off payment. Tremoko has paid the Loan and attached Special Rights in full by setting off receivables it has from the Company, amounting altogether to EUR 9.200.000.95. On 28 April 2016, Turret Oy Ab and Holdix Oy Ab were granted a directly enforceable guarantee (“Guarantee”) with the total amount of EUR 1.2 million to Nordea Bank Finland Plc on behalf of Ixonos Plc’s (“Ixonos”) and Ixonos Finland Ltd’s commitments. The Guarantee was given as a substitute to former guarantee given by Finnvera Plc. Turret Oy Ab and Holdix Oy Ab are the owners of Tremoko Oy Ab, which is the main owner of Ixonos. On 13 May 2016, Ixonos Plc’s (“Ixonos”), together with Ixonos Finland Ltd, did give countersecurity to Turret Oy Ab and Holdix Oy Ab in which, inter alia, they have undertaken to pay guarantee commission. The countersecurity has been given related to financial arrangements announced on 28 April 2016. The rate of the guarantee commission has been defined in market terms. Turret Oy Ab and Holdix Oy Ab have granted a directly enforceable guarantee with the total amount of EUR 1.2 million to Nordea Bank Finland Plc as collateral for Ixonos and Ixonos Finland Ltd’s commitments. Turret Oy Ab and Holdix Oy Ab are the owners of Tremoko Oy Ab, which is the main owner of Ixonos. On 20 June 2016, Ixonos Plc (“Ixonos”) and Savox Communications Oy Ab Ltd (“Savox”) concluded a framework agreement concerning product development. Ixonos had, for the duration of the Agreement, undertaken to provide Savox with research, design and/or product development services ordered separately later by Savox.   The Agreement will remain in force for a minimum of one year. The parties have non-bindingly estimated the potential value of the services provided by Ixonos to Savox to amount to EUR 1–2 million. Savox Communications Oy Ab (Ltd) is part of the Savox Communications Group, which is one of the world’s most notable suppliers of communication systems for professional use in demanding and dangerous circumstances. The Savox Communications Group has over three decades of experience in serving police and security, fire and rescue, military, maritime and industrial sectors. The Savox Communications Group is part of the Savox Group, into which Turret Oy Ab, one of the owners of Ixonos’ main owner Tremoko Oy Ab, also belongs. On 17 August 2016 The Company entered a loan agreement with Tremoko Oy Ab with. The loan agreement enables additional financing for a maximum of 2.5 million Euros until August 18, 2018. The last quarter of the year was quite active with many events and we were also together with our customers able, especially within the IoT area, to deliver final solutions and commit to new partnerships: -         We expanded our partnership with Wirepass from co-operating with their R&D concerning web tools to also customer solution. -         The highly valued CIOReview named Ixonos as one of the Top 50 most interesting IoT solution providers emphasizing especially Ixonos’ know-how within IoT and Business Design -         Slush Shanghai and the main Slush event in Helsinki enabled several product launches that have been developed together with Ixonos’ start up customers. -         The move of Ixonos’ head office to the heart of Helsinki was noticed among customers, media, personnel and potential recruits. The housewarming party received positive attention and allowed us to share thoughts on the importance of service design when creating new business. The Company held its Annual General Meeting on 7 April 2014. The minutes of Annual General Meeting and decisions are presented on the Company’s internet page, www.ixonos.com. Stock Exchange releases during the period are available on company’s website 3. February 2017 Ixonos has secured a EUR one (1) million loan agreement in order to strengthen its working capital with Tremoko Oy Ab. 3 February 2017 the Board of Directors have decided to accept Tremoko Oy Ab’s two (2) million euro binding  offer of a financial arrangement to strengthen it’s working capital. The Financial arrangement is combined with the additional financial arrangement of EUR 1.0 million implemented earlier and announced on 3 February 2017. Ixonos Plc’s risk management aims to ensure undisturbed continuity and development of the Company’s operations, support attainment of the commercial targets set by the Company and promote increasing Company value. Details on risk management organisation and process, as well as on recognised risks, are presented on the Company’s website at www.ixonos.com. Despite efficiency actions taken, Ixonos Plc results have been negative during recent years, which has directly impacted Ixonos’ sufficiency of working capital. The risk related to sufficient working capital is managed by maintaining readiness for various financing methods. Changes in key customer accounts may have adverse effects on Ixonos’ operations, earning power and financial position. Should a major customer switch its purchases from the Company to its competitors or make forceful changes to its own operating model, Ixonos would have limited ability to acquire, in the short term, new customer volume to compensate for such changes. The Group’s turnover consists primarily of relatively short-term customer contracts. Forecasting the starting dates and scope is from time to time is challenging; yet at the same time, the cost structure is fairly rigid. This may result in unexpected fluctuations in turnover and profitability. Part of the Company’s business operations is based on fixed-price project deliveries. Fixed-price projects may include risks related to their duration and content. These risks are being managed by means of contract management as well as project management. Some part of the Group’s turnover is invoiced in foreign currency. Risks related to currency fluctuation are managed through different means. The Company’s balance sheet includes a significant amount of goodwill, which may still be impaired should internal or external factors reduce the profit expectations of the Company’s cash flow. Goodwill is tested each quarter and, if necessary, at other times. The company’s financial agreements have covenants attached to them. A covenant breach may increase the company’s financial expenses or lead to a call for swift partial or full repayment of non-equity loans. The main risks related to covenant breaches are associated with EBITDA fluctuation due to the market situation and with a potential need to increase the company’s working capital through non-equity funding. The company manages these risks by negotiating with financiers and by maintaining readiness for various financing methods. In the long term, Ixonos aims to achieve an operating result of at least 10 per cent. To reach its long-term goals, Ixonos focuses its strategy on deepening the company’s service and solution business and combining technology and design.  The company aims to grow with new accounts within different industries by repeating Ixonos unique way to offer business advantage through digitalisation and mobility. THE BOARD OF DIRECTORS’ PROPOSAL TO THE ANNUAL GENERAL MEETING The Board of Directors of Ixonos Plc proposes to the Annual General Meeting that the distributable   funds will be left in shareholders’ equity and that no dividend for the financial period 2016 will be paid to shareholders. The parent company’s distributable funds on December 31, 2016 are EUR 16.461.631. Ixonos Plc's Annual General Meeting will be held on Wednesday, 29 March, 2017, in Helsinki, Finland. Ixonos' Financial Statements 2016 will be published and posted on the company's website on Tuesday, 7th March 2017. The financial statement for the period January 1 – March 31, 2017 will be published on Thursday, 4 May, 2017. For more information, please contact: SUMMARY OF FINANCIAL STATEMENTS AND NOTES TO THE FINANCIAL STATEMENTS January 1 – December 31, 2016 STATEMENT OF CHANGES IN CONSOLIDATED SHAREHOLDERS’ EQUITY, EUR 1.000 G:             Total equity attributable to equity holders of the parent This interim report has been prepared in accordance with IAS 34 (Interim Financial Reporting) and the accounting policies for the annual financial statement of December 31, 2014. The IFRS amendments and interpretations that entered into force on January 1, 2016 have not affected the consolidated financial statements. Preparing interim reports in accordance with IFRS requires Ixonos’ management to make estimates and assumptions that affect the amounts of assets and liabilities on the balance sheet date as well as the amounts of income and expenses for the financial period. In addition, judgement must be used in applying the accounting policies. As the estimates and assumptions are based on views prevailing at the time of releasing the interim report, they involve risks and uncertainty factors. Actual results may differ from estimates and assumptions. The figures in the income statement and balance sheet are consolidated. The consolidated balance sheet includes all group companies as well as Ixonos Management Invest Oy. Ixonos Management Invest Oy is mergered to Ixonos Finland Oy during 2016. The original annual report is in Finnish. The annual report in English is a translation of the original report. As the figures in the report have been rounded, sums of individual figures may differ from the sums presented. The annual report is unaudited. During the past year the company’s confirmed orders improved significantly compared to the previous year. In addition to that the cost structure was lightened. This annual report has been prepared according to the going concern principle taking into account the realized financial arrangements during the financial year 2016 and financial estimations made up for the year 2017. The estimations take into consideration probable or foreseeable changes in future expectations in revenues as well as in costs. On the balance sheet day, the company estimated that its existing working capital may not be sufficient to cover the company’s funding needs over the next 12 months. The financial gap in the cash flow forecast in the beginning of the year 2017 can be filled with bridge financing. After the balance sheet day the company has secured a EUR 1 million loan agreement with its main owner and a EUR 1 million commitment for additional loan with its main owner which company's Board of Directors has approved. Ixonos made an impairment testing for the goodwill value on the balance sheet on December 30, 2016. The goodwill is attributed to the one cash generating unit (CGU) starting from November 1, 2013. The impairment test showed a surplus of EUR 17.3 million based on discounted cash flow valuation compared to tested amount and no impairment was recognized. The carrying amount of goodwill is EUR 11.5 million. The present value of the cash flows calculated, EUR 28.9 million is lower than the sum of the company's financial liabilities (EUR 12.5 million) and the market price of the shares (EUR 35.4 million) on December 31, 2016. The impairment test of the company is based on operative company value. The forecasting period used in impairment testing at December 31, 2016 was Q1 2017 to Q4 2020. In the forecast the year 2017 is a year of relatively small growth. For the years 2018-2020 the company expects to reach stronger growth, on average of 20 per cent, as digitalization will impact an ever growing part of the business community. The forecasted EBIT level is assumed to increase to on average of 10 per cent. Even though the company’s long term target level for EBIT is 10 per cent the uncertainty of forecasts has been taken into consideration and therefore the average, normalized EBIT level has been used in the calculation. The impairment test is done by comparing the carrying value of assets to present value of future cash flow taking into consideration forecasted cash flows during the forecast period, discount factor and growth rate used in calculating terminal value. The discount factor used is 11 per cent p.a. and growth rate used in calculating terminal value is 1 per cent p.a. When calculating the terminal value, the weighted average EBIT percentage level for the period was used. The impairment test is most sensitive besides to the cash flow forecast itself and the assumptions behind it, to the growth rate used when calculating the terminal value and to the discount factor. If the growth rate -20 per cent had been used instead of 1 per cent, the tested value would have been equal to the discounted cash flow. If the discount factor had been 22 per cent instead of 10 per cent, the tested value would have been equal to the discounted cash flow. If the EBIT percentage used had been 1.6 per cent instead of 10 per cent, the tested value would have been equal to the discounted cash flow. The Company has a total amount of bank loans on December 30, 2016 EUR 2.9 million.  The loan agreements include covenants regarding equity ratio, which will be considered at the first time on 31 December, 2017 (EUR 8.2 million). Should the company not be within the limits of a covenant, the creditor is entitled to call in the loans to which that covenant applies. The covenant levels are reviewed semi-annually on a rolling twelve-month basis after 31 December 2017. The equity ratio must be minimum 30 per cent. On December 30, 2016 the company's equity ratio was -26.1 per cent (14.8 per cent) EBITDA = Earnings before Interest, Taxes and Depreciation and Amortization Diluted earnings per share = result for the period ∕ number of shares, adjusted for issues and dilution, average Earnings per share = result for the period ∕ number of shares, adjusted for issues, average Shareholders’ equity per share = shareholders’ equity ∕ number of shares, undiluted, on the closing date Cash flow from operating activities, per share, diluted = net cash flow from operating activities ∕ number of shares, adjusted for issues and dilution, average Return on investment = (result before taxes + interest expenses + other financial expenses) ∕ (balance sheet total - non-interest-bearing liabilities, average) × 100


« En dépit d'incertitudes macroéconomiques continues et de la transition encore en cours de deux nouvelles activités, Lenovo a délivré des performances solides au cours du dernier trimestre », a déclaré Yang Yuanqing, président-directeur général de Lenovo. « Notre activité PC demeure performante, notre activité Mobile réalise des progrès constants et notre activité Centres de données applique désormais un plan d'amélioration clair. Bien qu'un certain temps soit nécessaire pour bâtir des compétences clés dans ces deux nouveaux moteurs de croissance, nous sommes persuadés que nous pourrons atteindre une croissance équilibrée et profitable dans ces deux activités. » Au troisième trimestre, le chiffre d'affaires de notre groupe d'activités PC et Appareils intelligents (PC and Smart Devices, PCSD), qui comprend les PC et les tablettes, a atteint 8,6 milliards USD, soit une augmentation de 2 % en glissement annuel. En glissement trimestriel, notre activité PCSD a enregistré une solide croissance de 10,2 %. Le résultat avant impôts a atteint 431 millions USD, soit une hausse de 7 % en glissement annuel. La marge bénéficiaire avant impôts a augmenté de 0,2 point en glissement annuel pour atteindre 5 %. Au sein du groupe d'activités Groupe Centre de données (Data Center Group, DCG) de Lenovo, qui regroupe des serveurs, des dispositifs de stockage, des logiciels et des services, le chiffre d'affaires a atteint 1,1 milliard USD au troisième trimestre fiscal, soit une baisse de 20 % en glissement annuel, et de 3 % en glissement trimestriel. Grâce à d'importants gains de chiffre d'affaires en glissement trimestriel enregistrés en Amérique du Nord (en hausse de 27 %), en Amérique latine (en hausse de 10 %), et dans la région Europe/Moyen-Orient/Afrique (en hausse de 9 %), l'activité DCG de Lenovo a démontré plusieurs signes d'amélioration d'un trimestre à l'autre. Lenovo (HKSE : 0992) (PINK SHEETS : LNVGY) est une société mondiale figurant au Fortune 500 et pesant 45 milliards USD, qui est un fournisseur de premier plan de technologies novatrices pour les marchés grand public, commercial et de l’entreprise. Notre portefeuille de services et de produits sûrs et de haute qualité couvre les PC (y compris les marques légendaires Think et YOGA multimode), les postes de travail, les serveurs, les dispositifs de stockage, les TV intelligentes et toute une gamme d’appareils mobiles, tels que les smartphones (y compris la marque Motorola), les tablettes, et les applications. Rejoignez-nous sur LinkedIn et suivez-nous sur Facebook ou sur Twitter (@Lenovo) ou consultez www.lenovo.com.


News Article | February 16, 2017
Site: www.businesswire.com

HONG KONG--(BUSINESS WIRE)--Lenovo Group (HKSE: 0992) (PINK SHEETS: LNVGY) today announced results for its third fiscal quarter ended December 31, 2016. Quarterly revenue was US$12.2 billion, a six percent decrease year-over-year. Third quarter pre-tax income was US$101 million, a 68 percent decline year-over-year. Net income fell 67 percent year-over-year to US$98 million. Lenovo faced sizeable challenges in its three main lines of business, namely data center, mobile devices, and PCs and smart devices, all three industries that according to analysts’ reports continued to experience either slow growth or no growth during the quarter ended December 31, 2016. “Despite ongoing macro-economic uncertainties and the two new businesses still in transition, Lenovo delivered a solid performance last quarter,” said Yang Yuanqing, Lenovo Chairman and Chief Executive Officer. “Our PC business remains strong, our Mobile business has made steady progress, and our Data Center business now has a clear improvement plan in place. Although it takes time to build the core competence in these two new growth engines, we are confident to achieve breakeven and profitable growth in them.” The Company’s gross profit for the third fiscal quarter decreased 15 percent year-over-year to US$1.6 billion, with gross margin at 13.1 percent. Operating profit for the third quarter was US$138 million, down 64 percent year-over-year. Basic earnings per share for the quarter was 0.90 US cents, or 6.98 HK cents. As of December 31, 2016, Lenovo’s net cash was US$155 million. In the third fiscal quarter, sales in our PC and Smart Devices (PCSD) Business Group, which includes PCs and tablets, was US$8.6 billion, an increase of two percent year-over-year. Quarter-to-quarter, our PCSD business grew a healthy 10.2 percent. Pre-tax income was US$431 million, an increase of seven percent year-over-year. Pre-tax income margin improved by 0.2 points year-over-year to five percent. Helped by strong growth in North America, where Lenovo increased its shipments by 14 percent year-over-year, the Company shipped a total of 15.7 million PCs worldwide during the quarter. This is an increase of two percent year-over-year, and four points better than the industry as a whole, when compared to a total industry decrease of two percent for the same period. With record-high market share in China, Europe/Middle East/Africa region and Latin America, Lenovo remained the worldwide PC market leader with a record 22.4 percent market share. Lenovo also saw strong growth in tablets, up ten percent year-over-year, outperforming the market by 29 points, as well as significant year-over-year increases in high-growth product lines such as gaming PC (up 71 percent), Chromebook (up 76 percent ), and detachables (up 91 percent). These are all product lines that Lenovo is ramping up, typified by our new Legion-branded series of gaming laptops launched last month at CES. In our Mobile Business Group, which includes Moto and Lenovo-branded smartphones, Lenovo’s quarterly sales were US$2.2 billion, a decrease year-over-year of 23 percent, but an indicative seven percent increase over last quarter, driven by strong growth in mature markets. Pre-tax loss margin for the quarter improved by 0.6 points quarter-to-quarter to 7.1 percent. With 15 million smartphones shipped in the third quarter, Lenovo improved seven percent quarter-to-quarter, including a 20 percent increase in shipments of Moto-branded products. Moto G shipments were up 12 percent year-over-year, aided by an increase in Latin America alone of 23 percent. In India, the world’s third-largest smartphone market, Lenovo was a strong smartphone supplier with 9.9 percent market share in the third quarter. For Lenovo’s Data Center Group (DCG), which includes servers, storage, software and services, sales in the third fiscal quarter were US$1.1 billion, down 20 percent year-over-year, and three percent quarter-to-quarter. With large quarter-to-quarter revenue gains in North America (up 27 percent), Latin America (up ten percent), and Europe/Middle East/Africa region (up nine percent), Lenovo’s DCG business showed signs of improvement quarter to quarter. Lenovo continued its focus on the transformative actions that will help drive long-term DCG competitiveness, such as strengthening our sales teams, investing in the channel, revamping our product lines, building our brand strategy, and adding new partnerships. For example, we have fortified our Global Accounts team, our sales group that services Fortune 500 clients, and saw growth in our DCG business there for the quarter grow 37 percent year-over-year. In China, in the third fiscal quarter, Lenovo recorded consolidated sales of US$3.5 billion, a two percent decrease year-over-year, but an eight percent increase quarter-to-quarter. China represented 28.5 percent of the Company’s total worldwide third quarter sales. Pre-tax income in China increased eight percent to US$180 million year-over-year, with pre-tax income margin gaining half-a point to 5.2 percent. In Asia Pacific, Lenovo had consolidated sales in the third fiscal quarter of US$1.7 billion, a decrease of 14 percent year-over-year, representing 14 percent of the Company’s total worldwide sales. The region had a pre-tax loss of US$41 million and a pre-tax loss margin of 2.4 percent. In Europe, Middle East and Africa, consolidated sales in the third fiscal quarter declined 2.7 percent year-over-year to US$3.4 billion, but increased a robust 23 percent quarter-to-quarter, or 27.6 percent of the Company’s total worldwide sales. The pre-tax loss was US$102 million with a pre-tax loss margin of three percent. In the Americas, consolidated sales were US$3.6 billion, down eight percent year-over-year, or 29.9 percent of Lenovo’s total worldwide sales during the third fiscal quarter. Pre-tax income was US$39 million, with a pre-tax income margin of 1.1 percent. Lenovo (HKSE: 0992) (PINK SHEETS: LNVGY) is a US$45 billion global Fortune 500 company and a leader in providing innovative consumer, commercial, and enterprise technology. Our portfolio of high-quality, secure products and services covers PCs (including the legendary Think and multimode YOGA brands), workstations, servers, storage, smart TVs and a family of mobile products like smartphones (including the Motorola brand), tablets and apps. Join us on LinkedIn, follow us on Facebook or Twitter (@Lenovo) or visit us at www.lenovo.com.


A system for predicting, communicating, displaying and utilizing data that is relevant to the distributed power generation and usage of electricity service via means that are easy to obtain, easy to interpret, and inexpensive.


Grant
Agency: GTR | Branch: Innovate UK | Program: | Phase: Smart - Development of Prototype | Award Amount: 239.71K | Year: 2015

Rehabilitation describes a physio-therapeutic treatment patients undertake following orthopaedic surgery (e.g. Total Knee Replacement), stroke, musculoskeletal disorders & trauma. These age-related disabilities increase expenditure on health & social care; treating a significant growing, ageing population with chronic conditions. The requirement for rehabilitation is dramatically increasing; in the UK there are over 3m rehabilitation consultations annually. However, effective rehabilitation in Hospitals is costly for the NHS and inconsistent/inconvenient for the patient due to the current rehabilitation pathway, leading to poor health outcomes. This project will develop ‘Limb Glider’ an Intelligent Rehabilitation Device with patented Assisted Controlled Active Motion, an advanced way to deliver home rehabilitation for lower & upper limbs that critically improves outcomes for patients enabling them to remain active and independent, whilst reducing the cost & resource burden on the NHS. The device provides remote monitoring/management capability through a cloud based data sharing system to complement current rehabilitation pathways. The project will develop the design to incorporate Active-Passive Bilateral therapy to help regain motor function and neurological connections in the brain helping prevent limb paralysis and pain. Clinical trials will test the prototype and integrate the technology and clinical scientific research in biomechanical, stroke and neurology to combine musculoskeletal therapy regimes into the Limb Glider technology algorithms and special sensors. This enables; clinicians to pre-set and remotely monitor m-Health therapy tailored to individuals and patients to engage with their rehabilitation at home, improving outcomes. Clinical utility & efficacy will be tested with users in Knee and Stroke rehabilitation. Output of the project will be a device/system to deliver more consistent, complete, cost effective, rehabilitation to patients globally.


Grant
Agency: GTR | Branch: Innovate UK | Program: | Phase: Smart - Development of Prototype | Award Amount: 96.63K | Year: 2012

Every year in the UK alone over 1 million people attend Hospital A&E departments suffering from head injuries which can lead to severe brain injury. People can also suffer brain injury if they have a stroke, disease or during intensive care. Pupil monitoring is critically important in the acutely ill patient, it is a regular diagnostic feature in pre-hospital (paramedic), intensive (ITU) and high-dependency (HDU) care. It is part of an important neurological observation routine and a measurement clinicians use to regularly assess a patient as the pupils’ size and reaction to light gives an indication or early diagnosis of potential brain trauma in injured or post operative patients. Pupil response is the only assessment of human condition that is still measured by another human. Current practice is for a Doctor or Nurse to measure pupil size & dilation manually by shining light (using a pen torch) into patients’ eyes - an assessment subjectively affected by their judgement, training, their own eye sight and the light levels around them. The measurement is not accurately quantified and hence cannot be referenced and compared by other clinicians (for example) throughout the patient admission/treatment process. Failing torch batteries and bulbs also impair this critical life threatening diagnosis. Hence the clinical need for improved monitoring and assessment of pupil response was identified and investigated by Newcastle NHS Freeman Hospital Trust. They conceptualised a device obtaining two patents granted on electronically measuring and recording the size and rate of dilatation of a patients’ pupils. It developed a simple prototype and looked to license the technology. ViVO Smart Medical Devices secured an exclusive worldwide license to develop and commercialise this innovative concept - to be called a Pupiloscope. The aim of the project is to develop the Pupiloscope as an important medical diagnostic device for use in the NHS & Global Healthcare Market.


Three Submissions Win FitBit Smart Devices to Help Them Reach Fitness Goals -- Grand Prize Winner Karen Kravitz Receives Health Club Package TUSTIN, CA--(Marketwired - Feb 21, 2017) - Logomark -- the industry-leading promotional products supplier, announced today the winners of its 2017 Resolution Revolution campaign, a 10-week period in the winter of 2016-17 that encouraged more than 300 people to submit their New Year's resolutions. The complete list of inspirational entries can be found at http://www.logomark.com/resrev. Four winning entries were selected at random. The three winners of FitBit® Fitness Trackers were: The grand prize winner of a health club package valued at $500 was Karen Kravitz (HALO Branded Solutions). Logomark promoted the Resolution Revolution campaign on its website and social media channels with weekly product launches, using the hashtag #ResolutionRevolution. "New Year's resolutions are a great opportunity to think positively and find ways for self-improvement," says Logomark CEO Trevor Gnesin. "This campaign helped people to discuss their resolutions and also showcases our capabilities in providing branded products and solutions that help people turn their resolutions into reality." Logomark's 2017 product catalog features hundreds of new items, further improving the company's massive line of promotional products. Many products such as the Odin Series stainless steel bottles can be an integral part of reaching fitness resolutions in 2017. Another available product line, integrated coaster/bottle openers, is perfect for customers that resolved to "be more social." ABOUT LOGOMARK: Founded in 1993, Logomark is a premier supplier of personalized gift and promotional products for the North American and global advertising specialty market. The company is a certified member of the Quality Certification Alliance, ensuring standards that deliver the highest levels of product safety. Providing more than 3,000 top-quality products in diverse categories, Logomark persistently reinvents the promotional products industry exceptional product selections, innovative solutions and unequaled customer support. Logomark offers a complete line of products, an easy-to- use mobile app, an award-winning website and is ranked 8th in product searches on the industry's leading search platform. For more information on the company's broad line of quality promotional products, please call 800-789- 4438 or visit www.logomark.com.

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