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2010-07-01 16:15:00 CEST 2010-07-01 16:15:43 CEST REGULATED INFORMATION Elcoteq - Company AnnouncementDeliveries of Sharp smartphone product lineup "KIN" put on holdElcoteq SE Stock Exchange Release July 1 , 2010 at 17.15 am (EET) Sharp has informed Elcoteq that the further deliveries of the "KIN" smart phone product lineup will be put on hold. Elcoteq has already delivered to Sharp the KIN smartphones for the US markets with revenues amounting to more than one third of the original guidance for Sharp business in 2010 (150M€). Deliveries for the European markets were scheduled to start later in the Autumn. Based on the currently available information Elcoteq does not change the profitability guidance which it has given earlier. As communicated earlier, Elcoteq expects the operating profit to turn positive on the second half of 2010. ELCOTEQ SE Maria Forsström Communications Officer Further information: Mikko Puolakka, CFO, tel. +41 41 728 0333 About Elcoteq Elcoteq SE is the global Life Cycle Service Partner for high-tech product and service companies. Engineering, Manufacturing, Fulfillment and After Market Services are the cornerstones of Elcoteq's extensive service offering. Elcoteq has a proven track record in electronics manufacturing services (EMS) and a global factory network coupled with modern manufacturing equipment and consistent systems and processes. Products include Consumer Electronics devices such as mobile phones and their accessories, set-top boxes, LED lamps and luminaries, flat panel TVs as well as System Solutions products such as infrastructure systems, modules and other industrial segment products. The Group's consolidated net sales for 2009 totaled 1.5 billion euros and it employs approximately 10,000 persons. Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd. For more information visit the Elcoteq website at www.elcoteq.com. [HUG#1429058] |
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