Communications equipment and technology developer Scotty Group SE says that negotiations on contracts have not been finalised so 2011 figures will be disappointing.
Eurocopter PV systems were successfully delivered in 2011 and second half revenues were 50% higher than those in the first half. Full year revenues will be around €6m which is much less than expected. The outcome will also be hit by reorganisation and one-off corporate costs.
The delayed contracts should generate revenues this year.
Scotty has warned that the change of domicile from the UK to Austria may be delayed. The original expectation was for the change to happen in February. A move to the Third Market of the Vienna Stock Exchange is still being considered.
At €1.95 a share, down €0.23, Scotty is valued at €1.89m.
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