TIE Kinetix: Significant Increase of FLOW Order Intake in 2017
TIE Kinetix announces an Order Intake for the month of September 2017 of close to €3 million generated with both existing accounts and new accounts.
Following the introduction of FLOW in 2016, the Order Intake in the full year of 2017 has increased to over € 15 million (2016: € 13.3 million), despite declining Order Intake for non-core products. The CORE FLOW Order Intake increased with 30% from € 9.7 million in 2016 to € 12.5 million in 2017.
Starting with the month of October 2017, the company will not issue cumulative Order Intake press releases anymore, since for investors it is impractical to recalculate Order Intake to company revenue and therefore cumulative monthly Order Intake information is of limited use. The investor relations policy has been adapted to reflect this amendment.
This document may contain expectations about the financial state of affairs and results of the activities of TIE Kinetix as well as certain related plans and objectives. Such expectations for the future are naturally associated with risks and uncertainties because they relate to future events, and as such depend on certain circumstances that may not arise in future. Various factors may cause real results and developments to deviate considerably from explicitly or implicitly made statements about future expectations. Such factors may for instance be changes in expenditure by companies in important markets, in statutory changes and changes in financial markets, in the EU grant regime, in the salary levels of employees, in future borrowing costs, in future take-overs or divestitures and the pace of technological developments. TIE Kinetix therefore cannot guarantee that the expectations will be realized. TIE Kinetix also refuses to accept any obligation to update statements made in this document.
For further information, please contact:
TIE Kinetix N.V.
Jan Sundelin (CEO) or Michiel Wolfswinkel (CFO)
Phone: +31 (0) 88 3698060
About TIE Kinetix
TIE Kinetix transforms the digital supply chain by providing Total Integrated E-commerce solutions. These solutions maximize revenue opportunities by minimizing the energy required to market, sell and deliver online. Customers and partners of TIE Kinetix constantly benefit from innovative, field tested, state-of-the-art technologies, which are backed by over 30 years of experience and prestigious awards. TIE Kinetix makes technology to perform, such that customers and partners can focus on their core business.
TIE Kinetix is a public company (Euronext: TIE), and has offices in the United States, the Netherlands, France, Germany, UK, and Australia.