Companies news of 2018-03-16 (page 1)

Solteq Plc: Correction to the Solteq Plc's Shareholders' and Board of Directors' Proposal for the General Meeting

HELSINKI, Finland, March 16, 2018 /PRNewswire/ --

Solteq Plc Stock Exchange Bulletin 16.3.2018 at 15.30 pm.

The Bulletin of the Solteq Plc's shareholders' and Board of Directors' proposal for the General Meeting (released at 10.00 this morning) was incorrect as a part of the date of the Annual General Meeting.

The Annual General Meeting will be held on 27 March 2018.



Board of Directors

Additional information:
Olli Väätäinen, CEO
tel +358-50-5578-111

Antti Kärkkäinen, CFO
tel +358-40-8444-393

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Solteq Plc: Solteq Plc's Shareholders' and Board of Directors' Proposal for the General Meeting

HELSINKI, Finland, March 16, 2018 /PRNewswire/ -- Solteq Plc Stock Exchange Bulletin 16.3.2018 at 10.00 am

The shareholders of Solteq Plc who represent over 60 per cent of the company's shares and votes propose to the Annual General Meeting which will be held on 23 March 2018 that:

i. the current members of the Board of Directors Aarne Aktan, Eeva Grannenfelt, Kirsi Harra-Vauhkonen, Markku Pietilä and Mika Uotila are re-elected as members of the Board of Directors. All proposed members have given their consent to the election; and

ii. the Board of Directors is authorized to decide on a share issue, carried out with or without payment and on issuing share options, and other special rights referred to in Chapter 10, Section1 of the Finnish Companies Act as follows:

The maximum total amount of shares or other rights is 3,500,000. The authorization includes the right to give new shares or convey company's own shares. The authorization includes a right to deviate from the shareholders' pre-emptive right of subscription if there is a significant reason in company's opinion, e.g. to improve the capital structure, to finance and execute business acquisitions and other business improvement arrangements or to be used as a part of remuneration of personnel. The authorization includes that the board of directors may decide the terms and other matters concerning the share issue

The authorization is effective until the next Annual General Meeting, however, no longer than until 30 April 2019.

The Board of Directors amends its proposal concerning the share issue authorization made on 16 February 2018 to correspond with shareholders proposal.

Vantaa 16 March 2018


Board of Directors

Additional information:
Olli Väätäinen, CEO
tel +358-50-5578-111

Antti Kärkkäinen, CFO
tel +358-40-8444-393



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Diana Unicharm JSC Picks Infortrend EonStor DS 3000 to Boost Website Performance

NEW TAIPEI CITY, Taiwan, March 16, 2018 /PRNewswire/ -- Infortrend, a leading provider of enterprise data storage solutions, announced today that Vietnam's leading personal care and hygiene products manufacturer, Diana Unicharm JSC, has consolidated their virtual and physical servers running web, database, and digital media applications to EonStor DS 3000 hybrid storage systems, while allowing better productivity and website visitor experience.

Diana Unicharm JSC has earned a reputation for relentlessly focusing on new and innovative ways to deliver more value and high quality products, and its official website is one of the key platforms to communicate with customers, providing a great amount of information including product introduction, promotion activities, TV advertisements, and news. However, the outdated IT infrastructure was too slow and costly to manage, as such Diana Unicharm JSC was looking for reliable back-end storage solutions to secure and run applications while providing outstanding performance, rich data services, and future-ready scalability at a cost-effective price.

After several weeks of testing, Diana Unicharm JSC decided to adopt DS 3016RT as the production storage and DS 3012G as the backup storage. Configured with hybrid storage and Automated Storage Tiering to maximize SSD performance and HDD capacity utilization, the production storage DS 3016RT with dual active controllers and turbo performance stores all critical data and performs daily and weekly backup to the cost-effective DS 3012G model. The purpose of this design is to offer a complete solution in terms of speed, security, flexibility, and ease of use.

"Over the years of using Infortrend SAN storage - DS 3000 series (DS 3012RE, DS 3016RT2, DS 3012GE), we are satisfied with its performance and reliability. Infortrend solutions fulfill all requirements of Diana Unicharm JSC, are well integrated with VMware, feature robust hardware performance, come with a variety of software options (Automated Storage Tiering, Thin Provisioning, Remote Replication), can be easily configured, and are simple and inexpensive storage solutions," said Mr. Lai Thien Tri ? IT/ERP manager, Head Office, Diana Unicharm JSC.

Thomas Kao, Senior Director of Product Planning at Infortrend commented: "We are delighted to play an important part in Diana Unicharm JSC's success, and Infortrend will keep focusing on solving our customers' pain points and improving the speed of their IT operations."

For more details about this success story, click here

About Infortrend

Infortrend (TWSE: 2495) has been developing and manufacturing storage solutions since 1993. With a strong emphasis on in-house design, testing, and manufacturing, Infortrend storage delivers performance and scalability with the latest standards, user friendly data services, personal after-sales support, and unrivaled value. For more Information, please visit

Infortrend® and EonStor® are trademarks or registered trademarks of Infortrend Technology, Inc., other trademarks property of their respective owners.


Ericsson Financial Information Restated for IFRS 15

STOCKHOLM, March 16, 2018 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) announces restated consolidated income statement information, in line with the new accounting standard IFRS 15, applied as of January 1, 2018.

To facilitate year-on-year comparisons, Ericsson discloses restated financial information for full year 2016 and each quarter of 2017. The complete tables of restated financial information are available at

The transition to IFRS 15 reduced equity by SEK 2.6 billion on January 1, 2018. This is in line with the amounts estimated by the Company in the 2017 Annual Report.

The new standard impacts the timing of recognition of revenue and costs, while having no impact on cash flow. For more details on the implementation of the new standards, please see the Ericsson 2017 Annual Report note C1, page 45, "Accounting Policy ? New standards and interpretations".

A comparison between IFRS 15 restated financial information and previously reported financial results for full year 2017 and 2016 is summarized in the table below.



Reported SEK million


2017 Full Year IFRS 15 restated


2017 Full Year reported




2016 Full Year IFRS 15 restated


2016 Full Year reported





Net Sales














Gross Margin










Operating Income













The main reason of the changed sales and income is different timing in recognition of customer discounts between IFRS 15 and the previous standard. Previously, discounts related to contracts from 2016 and earlier, had a negative impact on sales and income in 2017. In the IFRS 15 restate this has been reversed, meaning that sales and income in 2017 have been increased and previous periods have been lowered. Since the amount of upfront discounts have significantly been reduced from mid-2016 and onwards, the shift of revenue from 2017 to 2018 will not be as significant as in 2016 to 2017. Therefore the 2017 numbers before the IFRS 15 restate is more relevant for comparison of 2018.

Implementation of the new accounting standards does not impact the financial targets presented at the Capital Markets Day in November 2017. The IFRS 15 restate does not change the planning assumptions presented in the fourth quarter 2017 report, being based on the 2017 numbers before the IFRS 15 restate.

As per IFRS 9, also effective as of January 1, 2018, impairment losses on trade receivables are now reported separately in the income statement. Previously, these losses have been reported as Selling and Administrative expenses.

Notes to Editors:

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About Ericsson

Ericsson enables communications service providers to capture the full value of connectivity. The company's portfolio spans Networks, Digital Services, Managed Services, and Emerging Business and is designed to help our customers go digital, increase efficiency, and find new revenue streams. Ericsson's investments in innovation have delivered the benefits of telephony and mobile broadband to billions of people around the world. The Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York.

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The following files are available for download:

Ericsson financial information restated for IFRS 15


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