Efore - Company Announcement

EFORE PUBLISHES PRELIMINARY FISCAL YEAR 2011 NUMBERS AND ESTIMATES FISCAL YEAR 2012 FINANCIAL DEVELOPMENT

Espoo, Finland, 2011-11-22 08:55 CET (GLOBE NEWSWIRE) -- EFORE PLC     Stock
Exchange Release    November 22, 2011 at 9.55 a.m. 

EFORE PUBLISHES PRELIMINARY FISCAL YEAR 2011 NUMBERS AND ESTIMATES FISCAL YEAR
2012 FINANCIAL DEVELOPMENT 

Preliminary net sales for the fiscal year 2011, which ended in October, are EUR
88.1 million and preliminary result of operating activities is EUR 4.4 million.
Net sales growth from previous fiscal year was 26% and result of operating
activities was 5,0% from net sales according to earlier given guidance. Efore
publishes financial statement for fiscal year 2011 on Wednesday, 14th of
December, 2011, as previously announced. Preliminary numbers are unaudited. 

Efore estimates that its customers have in short-term higher inventory levels
than needed. Due to lowering the inventory levels Efore's net sales will not
reach the level of the previous year in the first months of the fiscal year
2012, and result of operating activities might be negative during these months.
Efore estimates the inventory levels to balance during the first half of the
fiscal year 2012. 

Efore estimates its position in its main market area, power products for
telecommunication, to remain good. The fundamentals for long-term positive
development of wireless network equipment industry are expected to remain
unchanged. 

EFORE PLC

Vesa Vähämöttönen
President and CEO

For further information please contact Mr.Vesa Vähämöttönen, President and CEO,
tel. +358 9 4784 6312 

DISTRIBUTION

Nasdaq OMX Helsinki Oy
Principal media

Efore Group

Efore Group is an international company which develops and produces demanding
power products. Efore's head office is based in Finland and its production
units are located in China and in Estonia. Efore is present also in Sweden. In
the fiscal year ending in October 2010, consolidated net sales totaled EUR 69,7
million and the Group's personnel averaged 821. The company's share is quoted
on the Nasdaq OMX Helsinki Ltd. 

www.efore.com






         Vesa Vähämöttönen, President and CEO, tel. +358 9 4784 6312