ALDATA SOLUTION OYJ'S FINANCIAL STATEMENT RELEASE JANUARY-DECEMBER 2011 (UNAUDITED)

Aldata announces a decline in revenue from Q4 2010 and a significant loss for the quarter due to a large amount of non-recurring costs being incurred

Despite the obviously disappointing results for Q4 2011, I am very excited about the prospect of leading Aldata into a bright and successful future. After 75 days on the job I now have a good idea of the strengths and weaknesses, opportunities and threats associated with Aldata and I am working closely with the Board and my executive team to decide on the best strategy to take Aldata forward.

In relation to the Q4 results, Aldata incurred a large amount of costs that do not represent the underlying business performance in Q4. Symphony Technology Group's public tender offer and subsequent increase in share ownership to 90.1% triggered a change in control clause which has resulted in additional costs of EUR 1.6 million in Q4. Aldata announced on 18 November 2011 as a stock exchange release having appointed me as the President and CEO of the Company. This resulted in a cost of EUR 1.6 million for the compensation for loss of office due to the previous CEO. At the same time I have insisted on a thorough and detailed review of all ongoing projects and this has resulted in approximately EUR 1.2 million of additional specific provisions being made. Finally Aldata has made two provisions for empty space in its Boston and Paris offices which have resulted in EUR 0.9 million of costs being incurred in Q4.

The unusually high amount of non-recurring costs during the same quarter when revenue was negatively impacted by delays in closing some transactions that were previously forecast to close, had the combined effect of making the Q4 operating profit result significantly lower than previously expected.

Our order backlog increased to EUR 27.4 million from EUR 26.1 million at the end of Q3, which shows we are still experiencing good demand for our offerings.

Company has incurred a net cost of EUR 0.6 million of tax charges, interest costs and unrealized foreign exchange gains in Q4, all of which combined generate a reduced net profit for Q4 2011.

Although Q4 generated a cash outflow from operating activities of EUR -0.4 million, the cumulative position for the full year 2011 is a cash inflow of EUR 1.7 million, which compares favorably to a net cash outflow from operations of EUR -0.1 million for the full year 2010.

Also, as noted in a stock exchange release of 28 October 2011, the change in control triggered a breach in our banking covenant which requires the existing credit facility to be repaid by the end of March 2012. While all amounts due so far have been paid, having to make these payments whilst not having been able to generate a new injection of capital during this same time, has had a negative effect on Aldata's liquidity position and the company is currently undercapitalized. The company has actively been searching for a new lender to replace the existing credit facility, but have thus far been unable to secure a new bank loan. While conversations with potential lenders continue, it is now clear that such discussions will be unsuccessful without the specific support of Symphony Technology Group (Symphony). Symphony Technology Group is committed to providing this support and is working closely with Aldata to make the necessary arrangements to enable the repayment of the existing facility by March 2012 and to fund the Company's ongoing working capital needs.

The Group's net sales were EUR 16.8 million (EUR 19.0 million), which represents a decrease of EUR 2.3 million compared to the previous year. Product sales, which include licenses for standard products, licenses for customer specific developments and maintenance revenues, accounted for 64% (66%) of total net sales. Consulting services accounted for 33% (31%) and third party licenses and hardware accounted for 3% (3%).

The Group's gross profit was EUR 15.1 million (EUR 17.4 million), which represents a 90% (91%) gross margin. Operating profit, EBIT, totaled EUR -6.3 million (EUR 0.3 million) and operating profit excluding expenses for option plans and restricted share units (RSU) was EUR -6.3 million (EUR 0.7 million).

Pre-tax profit was EUR -6.1 million (EUR 0.3 million), net profit was EUR -6.8 million (EUR -0.1 million) and earnings per share, EPS, were -0.098 euros (-0.002 euros).

Research and development costs in the fourth quarter totaled EUR 1.8 million (EUR 2.5 million), of which EUR 0.2 million (EUR 0.1 million), or 9.8% (3.4%) were capitalized. EUR 0.2 million (EUR 0.1 million) of capitalized development costs were amortized.

Aldata's reported order backlog includes product and third party product sales that will be recognized as revenues during the following twelve months. At the end of December 2011, the order backlog was EUR 27.4 million (EUR 27.6 million at the end of year 2010).

Net sales of the Supply Chain Management (SCM) Software business unit were EUR 11.1 million (EUR 12.9 million). The gross profit was EUR 10.1 million (EUR 12.3 million) and the operating profit, EBIT, was EUR -5.4 million (EUR 0.9 million).

Net sales of the Category Optimization business unit were EUR 2.7 million (EUR 2.8 million). The gross profit was EUR 2.6 million (EUR 2.8 million) and the operating profit, EBIT, was EUR 0.1 million (EUR 0.3 million).

Net sales of the Mid-Size Market business unit were EUR 3.1 million (EUR 3.3 million). The gross profit was EUR 2.4 million (EUR 2.4 million) and the operating profit, EBIT, was EUR -0.2 million (EUR -0.2 million).

There were no internal sales between the Group's business segments. Unallocated costs, the Group's shared items netted, decreased the Group's operating profit, EBIT, by EUR 0.8 million (EUR 0.7 million).

Cash flow from operating activities in the fourth quarter was EUR -0.8 million (EUR -0.8 million) and net cash flow was EUR -0.6 million (EUR -1.0 million).

The Group's capital expenditure on intangible and tangible assets amounted to EUR 0.6 million (EUR 0.2 million) in fourth quarter of the year.

In the fourth quarter Aldata's research and development costs were EUR 1.8 million (EUR 2.5 million) and made up 10.8% (13.0%) of net sales. A total of EUR 0.2 million (EUR 0.1 million) of development costs were capitalized during the quarter. EUR 0.2 million (EUR 0.1 million) of capitalized development costs were amortized in the quarter.

The Group's net sales were EUR 68.6 million (EUR 73.1 million), which represents a decrease of EUR 4.5 million compared to the previous year. Product sales, which include licenses for standard products, licenses for customer specific developments and maintenance revenues, accounted for 64% (61%) of total net sales. Consulting services accounted for 33% (35%) and third party licenses and hardware accounted for 3% (4%).

The Group's gross profit was EUR 61.0 million (EUR 66.4 million), which represents a 89% (91%) gross margin. Operating profit, EBIT, totaled EUR -6.3 million (EUR 1.3 million) and operating profit excluding expenses for option plans and restricted share units (RSU) was EUR -6.2 million (EUR 1.8 million).

Pre-tax profit was EUR -6.5 million (EUR 1.2 million), net profit was EUR -7.5 million (EUR 0.0 million) and earnings per share, EPS, were -0.109 euros (0.00 euros).

Research and development costs totaled EUR 8.7 million (EUR 9.9 million), of which EUR 0.7 million (EUR 0.4 million), or 8.5% (3.9%), were capitalized. EUR 0.8 million (EUR 0.5 million) of capitalized development costs were amortized.

Net sales of the Supply Chain Management (SCM) Software business unit were EUR 46.9 million (EUR 50.9 million). The gross profit was EUR 42.7 million (EUR 47.1 million) and the operating profit, EBIT, was EUR -3.8 million (EUR 2.1 million)

Net sales of the Category Optimization business unit were EUR 9.7 million (EUR 10.0 million). The gross profit was EUR 9.4 million (EUR 9.5 million) and the operating profit, EBIT, was EUR 0.7 million (EUR 0.7) million.

Net sales of the Mid-Size Market business unit were EUR 11.9 million (EUR 12.2 million). The gross profit was EUR 8.9 million (EUR 9.8 million) and the operating profit, EBIT, was EUR
-0.8 million (EUR 0.8) million.

There were no internal sales between the Group's business segments. Unallocated costs, the Group's shared items netted, decreased the Group's operating profit, EBIT, by EUR 2.3 million (EUR 2.3 million).

Cash flow from operating activities in 2011 was EUR 1.7 million (EUR -0.1 million) and net cash flow was EUR 0.2 million (EUR -2.3 million).

At the end of December 2011, Aldata Group's cash, cash equivalents and marketable securities amounted to EUR 3.5 million (EUR 3.3 million) and total assets were EUR 50.5 million (EUR 56.1 million). The Group had interest-bearing debt of EUR 11.8 million (EUR 11.0 million) and interest-bearing net liabilities totaled EUR 8.3 million (EUR 7.9 million). Short term receivables totaled EUR 19.1 million (EUR 24.3 million). The Group's solvency ratio was 23.8% (35.6%), gearing was 68.5% (40.1%), and shareholders' equity per share was EUR 0.173 (EUR 0.287).

In 2011 the Group's capital expenditure on intangible and tangible assets amounted to EUR 1.8 million (EUR 5.2 million).

In 2011 Aldata's research and development costs were EUR 8.7 million (EUR 9.9 million) and made up 13% (14%) of net sales. A total of EUR 0.7 million (EUR 0.4 million) of development costs were capitalized during the year. EUR 0.8 million (EUR 0.5 million) of capitalized development costs were amortized in 2011.

At the end of December 2011 103 (103) employees and 92 (126) contracted offshore resources were involved in R&D activities. The total number of resources engaged in R & D activity has decreased from 229 to 195 during 2011. The employee headcount of 103 represents 20% (19%) of the Group's total employed personnel. Aldata's R&D centers are located in Paris, France, in Espoo, Finland and in Bangalore, India.

Aldata Group employed 523 (531) persons at the end of December 2011, and on average had 526 (530) employees during the period.

	31 December 2011		31 December 2010
By Business Unit	Persons	%	Persons	%
SCM Software	353	67	353	67
Category Optimization	61	12	67	12
Mid-Size Market	94	18	95	18
Group Administration	15	3	16	3
Total	523	100	531	100

Approximately 45% of personnel were employed by Aldata companies in France, 15% in Finland, 11% in Germany, 10% in the US, 9% in the UK, 5% in Sweden, 4% in Slovenia and 1% in Russia.

The highest price of the Aldata Solution Oyj share during January - December 2011 was EUR 0.63 and the lowest price EUR 0.43. The average price was EUR 0.58 and the closing price EUR 0.59. The trading volume on the Helsinki Stock Exchange was EUR 40.5 million and altogether 68.7 million shares were traded, which represents 100% of the shares. Aldata Solution Oyj has 68.7 million shares outstanding. The number of shares outstanding has increased by 35,000 shares during the financial year.

The number of shareholders was 2,164 and the free float was 100% of the share capital at the end of December 2011. A total of 4.3% of Aldata Solution Oyj's shares were owned by nominee registered shareholders at the end of the period.

Aldata Solution Oyj has one share series. All the company's shares carry equal voting and dividend rights.

Near term risks and uncertainties are considered by Aldata as those that may materialize in the next two quarters.

Symphony Technology Group's shareholding exceeding 50% triggered a breach in Aldata's banking covenant that has resulted in Aldata being required to repay the full amount of its credit facility by the end of March 2012. EUR 3.5 million has already been repaid and the remaining EUR 6.5 million is due to be repaid by the end of March 2012.

In addition, Aldata currently has a bank guarantee for EUR 2.0 million short term loan that is to be repaid by the end of September 2012. However, the bank has informed Aldata that it will stop providing the Guarantee for this loan at the end of March 2012. If Aldata is unable to find a replacement guarantor then it will need to repay the full amount of EUR 2.0 million at the end of March 2012.

The combination of these events, along with Aldata's Q4 2011 financial performance, has put pressure on Aldata's liquidity position. Aldata's cash flow is seasonal with a large amount of sales invoices being raised in January for the annual maintenance and support fees, which are normally paid before the end of Q1. While these Q1 inflows should provide sufficient cash flow in January and February 2012, Aldata is currently not adequately capitalized for the remainder of 2012. The company will require a significant capital infusion by the end of Q1 2012 to replace the credit facility that has been and will be repaid, in order to support its ongoing operations.

Aldata is currently in discussions with potential lenders to arrange a new credit facility. However, there is no certainty whether these discussions will be successful. If Aldata is unable to put in place a new credit facility by the end of March, it would not be able to repay the remaining EUR 6.5 million due at the end of March 2012 to its existing provider and meet its normal business commitments without the specific support of Symphony Technology Group. Symphony Technology Group is committed to providing this support and is working closely with Aldata to make the necessary arrangements to enable the repayment of the existing facility by March 2012 and to fund the Company's ongoing working capital needs.

General uncertainties about the macro-economic climate are likely to affect the retail industry. In periods of uncertainty companies tend to be less willing to commit to large capital expenditure or start new projects for fear of negatively impacting operations if the project were to be unsuccessful. Long-term decisions tend to be subject to closer scrutiny and increased attention given to ROI calculations and payback justifications. This is likely to delay the decision making process, and may even cause certain projects to be put on hold for an indeterminate period. This is largely what we have experienced in 2011 and if this trend continues in 2012, Aldata may not be able to deliver its expected full year revenue or operating profit.

Aldata accounts for its revenue in accordance with IFRS guidelines, meaning license revenue is typically booked on contract signature whereas services and maintenance revenue is booked over the life of the project. This means that software licenses revenue is more risky and harder to forecast. The management team complete regular reviews and assessments of the software pipeline to mitigate this risk, although it is not possible to remove the risk completely.

The economic environment has increased the number of companies who face financial problems and could be seen as a factor in the increased time taken to settle invoices. This might increase Aldata's risk to be able to collect payment for its services provided. Aldata looks to mitigate this risk by using business standard credit assessment and credit control policies to ensure any potential risks are highlighted at an early stage and any necessary action to reduce the risk is taken.

A large proportion of Aldata's services revenue is done on a time and materials basis. If there was a weakening in demand, this would lead to lower utilization and pressure on margins if Aldata was unable to adjust its cost base fast enough.

Risks and uncertainty factors associated with Aldata's business are mainly related to general economic development and more specifically on the retail software market. The recession affected Aldata's operations during the last 2 years, and any recent signs of a recovery have reduced significantly. If the anticipated recovery doesn't happen or there is a deterioration of the economic situation, this may result in delays to both ongoing or new large projects and investment decisions. Aldata feels that its flexible business model will enable it to react quickly to both any expected upturns or downturns in the future.

Business risk management is a key target of the operational management. Through it the Company aims to ensure that the key risks to which business operations are exposed are identified and monitored for preventative action. Business risks are monitored within the Company by the President and CEO, the Corporate Management Team and the Management Council.

The Company's risk level is regularly observed by the Corporate Management Team through a weekly phone conference call, through formal written reporting by the Management Council twice a month and through regular in person meetings of the Corporate Management Team and the Management Council during the year. In addition to this, risks are charted when deemed necessary and specific ad hoc teams will be built to address any clearly identified potential risks.

With the increased importance of the US market to Aldata, the group will become more exposed to currency risk resulting from the movement between the Euro and the US dollar. Aldata is currently exposed to two types of exchange rate risk; one impacting its operating result based on the valuation of its US based revenues and costs; and one impacting its financial result, due to exchange gains or losses on Euro denominated loans and intercompany balances owed to or from Aldata's US subsidiaries. Aldata currently chooses not to hedge against either of these risks. Company believes there is a natural hedge built into the operating result risk due to the US based cost structure that it carries, which materially offsets its US based revenues. This means that whilst the risk to Aldata's operating profit is reduced to a level that Aldata feels is acceptable, there is a risk to the level of revenue that Aldata reports that is directly affected by the exchange rate. Aldata is reviewing its strategy around whether to hedge against these intercompany loans as a way to mitigate the risk in the future.

Goodwill has been tested during the last quarter of 2011. In accordance with the results of testing for impairment, no depreciation of goodwill was made. The impairment testing is based on projected future cash flows and if the respective country's projected cash flows do not occur as planned in the medium term, it is possible that the goodwill allocated to one of the country's unit will need to be impaired.

Aldata's growth strategy includes expansion via making suitable company purchases. If the current business environment remains challenging, the opportunity to fulfil this strategy may decrease in case no suitable purchase targets are found or the business profits due to already materialized company purchases don't fulfil the expectations. Aldata's inability to fulfil its desire to make company purchases may have a negative impact on Aldata's business and its financial status and outcome may weaken.

The Annual General Meeting on 7th April, 2011 elected the following members to the Board of Directors: Mr William Chisholm, Mr Bertrand Sciard, Mr Aarne Aktan, Mr Tommy Karlsson, Mr Pertti Ervi and Ms. Michele Fitzpatrick.

Mr William Chisholm was re-elected as the Chairman of the Board and Mr Pertti Ervi was elected as the Vice Chairman of the Board.

The Board resolved to establish an Audit Committee consisting of Mr Aarne Aktan (Chairman), Mr William Chisholm and Mr Tommy Karlsson. The Board resolved not to establish other Board
Committees.

On October 18, 2011 Mr. Pertti Ervi and Mr. Tommy Karlsson resigned from the positions as members of the Board of Directors. At the same time the separate Audit Committee was dissolved and the Board of Directors as a whole took over the duties of the Audit Committee.

The members of Aldata's Corporate Management Team (CMT) at the end of year 2011 were Roy Simrell, President and Chief Executive Officer; Marie Claude Chazot, Vice President Group Human Resources; Allan Davies, Chief Marketing Officer and Graham Howell, Chief Financial Officer. The members of the CMT report to the CEO.

The members of Management Council (MC) included at the end of the year 2011 the CMT members and Shaun Bossons, USA New Sales; Patrick Buellet, SCM Business; Dominique Chambas, SCM Sales; Jean-Francois Le Garrec, Logistics Business; Henrik Lindström, S.I.R. Business; Brendan Lowe, President USA Business; Jorma Tukia, Instore Business; David Wilkins, Category Optimization Business and Rolf Wochner, Industry Business.

Ernst & Young Oy acted as Aldata group's auditor, under the supervision of principal auditor Anne Vuorio, APA.

The recent economic turmoil has increased the overall risk for the recovery of the retail software market and Aldata expects the 2012 market environment to remain as challenging as the previous years.

However it is expected that the recent changes in ownership and CEO will enable the company to focus on its core strengths and provide the necessary boost required to drive the company forward in what is expected to be a very challenging and difficult to predict year.

Given the current uncertainty in the retail market and the difficulty in accurately forecasting the market behavior, Aldata expects the full year 2012 net sales to remain at or slightly below the level reported in 2011 and the full year 2012 EBIT to be at or slightly below the level reported in 2011, excluding the impact of certain of the one off costs incurred in 2011.

The Board of Directors has decided to propose to the Annual General Meeting, on 26 April 2012, that no dividend shall be distributed for the financial year 2011.

On 15 February 2012 Aldata issued a stock exchange release concerning an application for delisting of its shares. Symphony Technology II-A, L.P. owns approximately 90.1 per cent of all the shares and votes in Aldata Solution Oyj and has initiated minority redemption proceedings in order to acquire all the remaining shares held by the minority shareholders. The parties have been summoned to an oral hearing concerning the redemption of the minority shares to be held on 27 February 2012. Aldata's Board of Directors have decided to submit an application to terminate the trading in the Aldata shares and to delist all the Aldata shares from the official list of NASDAQ OMX Helsinki Ltd. A delisting application will be submitted to NASDAQ OMX Helsinki Ltd as soon as possible. In the application Aldata requests that the quotation of the Aldata shares on the official list of NASDAQ OMX Helsinki be terminated as soon as possible upon Symphony having gained title to all the shares in Aldata.

Further information:
Roy J. Simrell, President and CEO, tel. +358 10 820 8000 / Aldata Solution Oyj
Graham Howell, CFO, tel. +33 633 057 620

The Annual Report for 2011 will be published in Finnish and English on the Company's website at www.aldata.com on Wednesday 7 March 2012.

About Aldata
Aldata is a global leader in retail and distribution optimization. Our software and service solutions help retailers, distributors and manufacturers dramatically improve their business performance. We optimize categories, space, supply, logistics, and consumer engagement to increase our customers' revenue and margins, reduce time, cost and waste, and enhance on-shelf availability, service, and retention.
Founded in 1988, Aldata has an unparalleled track record of delivering successful projects for the world's largest retail and consumer brands, national wholesale and distribution organizations, and regional store chains. Aldata Solution is a public company quoted on NASDAQ OMX Helsinki Ltd with the identifier ALD1V.
Discover more about Aldata's customers, our solutions, and the multi-skilled global team that supports them at www.aldata.com

This interim report has been prepared in accordance with IFRS standards and the same accounting principles as in 2010 financial statements. New or renewed standards and interpretations have been adopted since the beginning of 2011 according to the description in the annual report for 2010 but have not had any impact on the figures reported. The report does not comply with all requirements of IAS 34, Interim Financial Reporting. Key figure calculations remain unchanged and have been presented in 2010 Financial Statements.

CONSOLIDATED INCOME STATEMENT
	MEUR	MEUR	Change
	2011	2010	%

Net sales	68,6	73,1	-6,2 %
Other operating income	0,8	0,7	14,3 %
Material and services	-8,4	-7,4	13,5 %
Personnel expenses	-46,2	-44,4	4,1 %
Depreciations and impairments	-1,9	-1,8	5,6 %
Other operating expenses	-19,1	-18,9	1,1 %
Operating profit	-6,3	1,3	-584,6 %
Financial items	-0,3	-0,1	200,0 %
Profit before taxes	-6,5	1,2	-641,7 %
Income taxes	-0,9	-1,2	-25,0 %
Minority interest	-0,1	0,0	-412,5 %
Profit for the year	-7,5	0,0


Earnings per share, EUR	-0,109	0,000
Earnings per share, EUR (EPS), adjusted for dilution effect	-0,108	0,000

Attributable to:
Equity holders of the Company	-7,5	0,0
Minority interest	0,1	0,0


Statement of comprehensive income:
Net profit for the period	-7,4	0,0
Other comprehensive income:
Translation differences	-0,3	0,0
Total comprehensive income	-7,7	0,0

Total comprehensive income attributable to:
Equity holders of the Company	-7,8	0,0
Minority interest	0,1	0,0

CONSOLIDATED BALANCE SHEET	MEUR	MEUR
	31 Dec	31 Dec
	2011	2010
ASSETS

Non-current assets
Goodwill	19,00	19,0
Capitalized development cost	2,6	2,7
Intangible assets	2,0	2,3
Tangible assets	1,2	1,1
Investments	0,1	0,1
Other long-term assets	0,6	0,5
Deferred tax assets	0,5	0,8
Non-current assets total	26,0	26,5
Current assets
Inventories	0,4	0,3
Account receivable	14,1	17,9
Prepayments and accrued income	4,3	5,8
Income tax receivables	2,0	1,8
Other short-term receivables	0,8	0,6
Cash and cash equivalents	3,5	3,3
Current assets total	25,1	29,6
Assets total	51,1	56,1



SHAREHOLDERS' EQUITY AND LIABILITIES

Shareholders' equity
Share capital	0,7	0,7
Share Premium Fund	19,2	19,2
Translation difference	0,4	0,8
Retained earnings	-8,4	-0,9
Equity holders of the parent company	11,9	19,8
Minority interest	0,2	0,1
Shareholders' equity total	12,1	19,9
Non-current liabilities
Long-term loans	0,2	0,1
Deferred tax liability	1,2	1,4
Other provisions	1,8	1,2
Other long-term loans	0,9	1,4
Non-current liabilities total	4,1	4,1
Current liabilities
Short-term loans	11,6	11,1
Advances received	0,1	0,3
Account payable	3,5	4,7
Accrued expenses and prepayments	14,7	11,5
Other provisions	0,5	0,1
Other short-term liabilities	4,4	4,6
Current liabilities total	34,9	32,1
Liabilities total	39,0	36,2
Equity and liabilities total	51,1	56,1

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY						1000 EUR

TEUR	Share capital	Share premium fund	Reserve for invested unre- stricted capital	Trans- lation diff- erence	Retained earnings	Equity holders of parent company	Minority interest	Own equity total


EQUITY 31.12.2009	687	19 154	0	694	-1 320	19 215	89	19 305
Share based payments recognised against equity	0	0	0	0	451	451	0	451

Comprehensive income	0	0	0	78	1	79	34	113

EQUITY 31.12.2010	687	19 154	0	772	-869	19 745	123	19 868
Share based payments recognised against equity	0	0	15	0	86	101	0	101
Other changes	0	0	0	0	-170	-170	0	-170
Comprehensive income	0	0	0	-326	-7 502	-7 828	101	-7 727

EQUITY 31.12.2011	687	19 154	15	446	-8 455	11 848	224	12 072

CONSOLIDATED CASH FLOW STATEMENT

	MEUR	MEUR
	2011	2010
Cash flow from operating activities
Operating result	-6,2	1,3
Adjustment to operating result	3,7	1,9
Change in working capital	4,9	-3,2
Interest received and other financial income	0,1	0,3
Interest paid and other financial expenses	-0,5	-0,4
Taxes paid	-0,3	-0,1
Net cash from operating activities	1,7	-0,1

Cash flow from investing activities
Group companies acquired	0,0	-2,1
Investments in tangible and intangible assets	-1,4	-0,8
Net cash used in investing activities	-1,4	-3,0

Cash flow before financing activities	0,2	-3,1

Cash flow from financing activities
Short-term loans, received	2,0	1,0
Short-term loans, repayments	-2,0	0,0
Leasing liability, payments	0,0	-0,2
Net cash used in financing activities	0,0	0,8

Net cash flow, total	0,2	-2,3

Change in cash and cash equivalents	0,2	-2,3
Cash and cash equivalents 1 Jan.	3,3	5,6
Net foreign exchange difference	0,0	0,0
Cash and cash equivalents 31 Dec.	3,5	3,3

COMMITMENTS AND CONTINGENCIES	MEUR	MEUR
	2011	2010

Loans from financial institutions	9,0	10,0
Mortgages	5,4	5,4
Leasing liabilities	15,2	6,6
Guarantees on behalf of group company debt	0,0	0,1

	IFRS	IFRS	IFRS	IFRS	IFRS
KEY FIGURES, MEUR	2011*)	2010*)	2009*)	2008*)	2007

SCOPE OF OPERATIONS

Net sales, MEUR	68,6	73,1	67,5	70,0	74,7
Average number of personnel	526	530	538	540	625
Gross capital expenditure, MEUR	1,8	5,2	2,2	9,1	2,5
Gross capital expenditure, % of net sales	2,6	7,1	3,2	13,0	3,3

PROFITABILITY

Operating profit , MEUR	-6,3	1,3	-4,7	3,7	-11,1
Operating profit, % of net sales	-9,1	1,8	-7,0	5,3	-14,9
Profit before taxes and minority interest, MEUR	-6,5	1,2	-5,4	2,8	-11,7
Profit before taxes and minority interest, % of net sales	-9,5	1,7	-8,0	3,9	-15,7
Return on equity, % (ROE)	-46,3	0,2	-18,8	10,2	-47,4
Return on investment, % (ROI)	-13,0	13,6	-11,2	17,3	-37,8


FINANCIAL STANDING
Quick ratio	0,7	0,9	0,9	1,1	1,3
Current ratio	0,7	0,9	0,9	1,1	1,3
Equity ratio, %	24,0	35,6	37,4	36,3	38,6
Interest-bearing net debt, MEUR	8,3	8,0	4,9	0,4	-3,3
Gearing, %	68,5	40,1	25,2	1,9	-16,6


PER SHARE DATA	2011	2010	2009	2008	2007

Earnings per share, EUR (EPS)	-0,109	0,000	-0,057	0,031	-0,171
Earnings per share, EUR (EPS), adjusted for dilution effect	-0,108	0,000	-0,057	0,031	-0,170
Shareholders' equity per share, EUR	0,172	0,287	0,280	0,332	0,286
Dividend/share, EUR	0,000	0,000	0,000	0,000	0,000
Dividend/earnings, %	0,0	0,0	0,0	0,0	0,0
Effective dividend yield, %	0,0	0,0	0,0	0,0	0,0
Price/earnings ratio	-	-	-	-	-
Share performance (EUR)
Share price on 31 Dec, EUR	0,59	0,51	0,46	0,35	1,22
Share issue-adjusted average share price, EUR	0,58	0,58	0,42	0,86	1,56
Share issue-adjusted lowest share price, EUR	0,43	0,45	0,30	0,34	1,13
Share issue-adjusted highest share price, EUR	0,63	0,77	0,60	1,25	1,90
Market capitalization, MEUR	41	35	32	24	84
No. of shares traded during the financial period (during the period of quotation in 1999)	68 664 347	40 267 092	43 266 170	38 018 049	50 289 310
% of the company's average number of shares	100 %	59 %	63 %	55 %	73 %
Number of shares	68 768 395	68 733 395	68 733 395	68 733 395	68 578 795
Share issue-adjusted number of shares annual average	68 753 812	68 733 395	68 733 395	68 695 645	68 426 162
Share issue-adjusted number of shares at the end of the financial period	68 768 395	68 733 395	68 733 395	68 733 395	68 578 795
Share issue-adjusted number of shares annual average, adjusted for dilution effect	69 417 950	69 436 843	68 733 395	68 695 645	68 808 497
Share issue-adjusted number of shares at the end of the financial period, adjusted for dilution effect	69 432 533	69 436 843	68 733 395	68 733 395	68 961 130

SEGMENT INFORMATION


2011	Supply Chain	Category Optimization	Mid-Size Market	Elimina- tions	Total
Net Sales to External Customers	47,0	9,7	11,9	0,0	68,6
Segment operating profit	-3,8	0,7	-0,8	0,0	-4,0
Unallocated items					-2,3
Operating profit					-6,3
Financial income and expenses					-0,3
Profit before taxes and minority interest					-6,5
Taxes					-0,9
Minority interest					-0,1
Profit for the Financial Period					-7,4

Segment assets	28,9	13,0	2,4	0,0	44,3
Unallocated assets					6,6
Total					50,9

Segment liabilities	19,3	3,6	2,8	0,0	25,6
Unallocated liabilities					13,2
Total					38,8

Capital expenditures	1,2	0,2	0,0	0,0	1,4
Unallocated capital expenditures					0,3
Total					1,8

Depreciations	0,7	0,7	0,5	0,0	1,9
Unallocated depreciations					0,0
Total					1,9



2010	Supply Chain	Category Optimization	Mid-Size Market	Elimina- tions	Total
Net Sales to External Customers	50,9	10,0	12,2	0,0	73,1
Segment operating profit	2,1	0,7	0,8	0,0	3,6
Unallocated items					-2,3
Operating profit					1,3
Financial income and expenses					-0,1
Profit before taxes and minority interest					1,1
Taxes					-1,2
Minority interest					0,0
Profit for the Financial Period					0,0

Segment assets	31,7	14,5	3,9	0,0	50,2
Unallocated assets					5,9
Total					56,1

Segment liabilities	15,4	4,4	3,5	0,0	23,3
Unallocated liabilities					12,9
Total					36,2

Capital expenditures	0,6	4,4	0,1	0,0	5,1
Unallocated capital expenditures					0,0
Total					5,2

Depreciations	0,8	0,5	0,5	0,0	1,8
Unallocated depreciations					0,0
Total					1,8

INCOME STATEMENT	MEUR	MEUR	MEUR	MEUR	MEUR
quarterly figures	Q4/2011	Q3/2011	Q2/2011	Q1/2011	Q4/2010

Net sales	16,8	17,8	16,6	17,4	19,0
Other operating income	0,3	0,2	0,1	0,2	0,1
Operating expenses	-22,9	-16,9	-16,8	-17,1	-18,3
Depreciations and impairments	-0,4	-0,5	-0,5	-0,5	-0,5
Operating profit	-6,3	0,5	-0,5	0,1	0,3
Financial items	0,2	0,4	-0,3	-0,6	0,0
Profit before taxes	-6,1	1,0	-0,8	-0,5	0,3
Income taxes	-0,7	0,1	-0,1	-0,2	-0,4
Minority interest	-0,1	0,0	0,0	0,0	0,0
Profit for the financial period	-6,8	1,0	-1,0	-0,7	-0,1

INCOME STATEMENT	MEUR	MEUR	MEUR	MEUR	MEUR
cumulative	1-12/11	1-9/11	1-6/11	1-3/11	1-12/10

Net sales	68,6	51,7	34,0	17,4	73,1
Other operating income	0,8	0,5	0,4	0,2	0,7
Operating expenses	-73,7	-50,8	-33,8	-17,1	-70,7
Depreciations and impairments	-1,9	-1,4	-1,0	-0,5	-1,8
Operating profit	-6,3	0,1	-0,5	0,1	1,3
Financial items	-0,3	-0,5	-0,9	-0,6	-0,1
Profit before taxes	-6,5	-0,4	-1,4	-0,5	1,2
Income taxes	-0,9	-0,2	-0,3	-0,2	-1,2
Minority interest	-0,1	-0,1	-0,1	0,0	0,0
Profit for the financial period	-7,5	-0,7	-1,7	-0,7	0,0


BALANCE SHEET	MEUR	MEUR	MEUR	MEUR	MEUR
	31.12.11	30.9.11	30.6.11	31.3.11	31.12.10

ASSETS
NON-CURRENT ASSETS
Goodwill	19,0	19,0	19,0	19,0	19,0
Capitalized development cost	2,6	2,7	2,6	2,6	2,7
Intangible assets	2,0	1,8	2,0	2,1	2,3
Tangible assets	1,2	1,2	1,3	1,3	1,1
Investments	0,1	0,1	0,1	0,1	0,1
Other long-term assets	0,6	0,6	0,6	0,6	0,5
Deferred tax assets	0,5	0,8	0,8	0,8	0,8
NON-CURRENT ASSETS TOTAL	25,9	26,2	26,4	26,5	26,5
CURRENT ASSETS
Inventories	0,4	0,4	0,2	0,3	0,3
Short-term receivables	21,1	24,7	25,4	26,1	26,0
Cash and cash equivalents	3,5	5,1	5,1	8,4	3,3
CURRENT ASSETS TOTAL	25,0	30,2	30,8	34,9	29,6
ASSETS TOTAL	50,9	56,4	57,1	61,4	56,1

SHAREHOLDERS' EQUITY AND LIABILITIES
Shareholders' equity	11,9	18,9	18,7	19,5	19,8
Minority interest	0,2	0,2	0,2	0,1	0,1
Non-current liabilities	4,1	3,5	3,6	4,0	4,1
Current liabilities	34,7	33,8	34,7	37,8	32,1
Liabilities	38,8	37,3	38,2	41,8	36,2
EQUITY AND LIABILITIES TOTAL	50,9	56,4	57,1	61,4	56,1

KEY FIGURES, MEUR	Q4/2011	Q3/2011	Q2/2011	Q1/2011	Q4/2010
QUARTERLY FIGURES

Scope of Operations
Net sales, MEUR	16,8	17,8	16,6	17,4	19,0
Average number of personnel	521	520	523	535	530
Gross capital expenditure, MEUR	0,6	0,2	0,5	0,5	0,2
Gross capital expenditure, % of net sales	3,6	1,2	3,3	2,9	1,1

Profitability
Operating profit , MEUR	-6,3	0,5	-0,5	0,1	0,3
Operating profit, % of net sales	-37,2	3,0	-3,3	0,4	1,5
Profit before taxes and minority interest, MEUR	-6,1	1,0	-0,8	-0,5	0,3
Profit before taxes and minority interest, % of net sales	-36,4	5,5	-5,1	-3,1	1,7
Return on equity, % (ROE)	-46,3	-4,0	-16,9	-14,2	0,2
Return on investment, % (ROI)	-13,0	5,1	0,7	1,4	13,6

Financial Standing
Quick ratio	0,7	0,8	0,8	0,9	0,9
Current ratio	0,7	0,9	0,9	0,9	0,9
Equity ratio, %	24,0	33,9	33,1	32,1	35,6
Interest-bearing net debt, MEUR	8,3	7,1	5,7	2,3	8,0
Gearing, %	68,5	37,3	30,0	11,8	40,1

Per Share Data
Earnings per share, EUR (EPS)	-0,099	0,015	-0,014	-0,011	-0,002
Earnings per share, EUR (EPS), adjusted for dilution effect	-0,098	0,015	-0,014	-0,010	-0,002
Shareholders' equity per share, EUR	0,172	0,275	0,272	0,285	0,287