Efore - Company Announcement

EFORE SPECIFIES ITS STATEMENT RELATED TO THE PROFITABILITY IMPROVEMENT PROGRAM IN THIRD QUARTER INTERIM REPORT

Espoo, Finland, 2013-09-26 14:07 CEST (GLOBE NEWSWIRE) -- Efore Plc       Stock
Exchange Release   September 26, 2013  3.07p.m. 


Efore announced in its interim report on 20.8.2013:

‘Last spring started Efore's profitability and efficiency improvement is
progressing as planned during the current fiscal year. As a result of the
implemented actions Efore (without Roal) estimates to reach a positive result
with at least EUR 15 million quarterly net sales during the last quarter of the
current calendar year.' 

The purpose of this information was to describe the progress and targeted cost
base of the profitability improvement program started in spring 2013. This
information was not supposed to be profit guidance and it should not be
understood as such. Company does not report Efore or Roal separately. 

Efore's financial estimate for fiscal year 2013 in third quarter interim report
is: 

“Net sales of new Efore Group for fiscal year 2013 is estimated to be at least
EUR 80 million.” 

EFORE PLC

Board of Directors

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

DISTRIBUTION

NASDAQ OMX Helsinki Oy
Principal media

Efore Group

The Efore Group is an international company that develops and produces
demanding power products. Efore's head office is based in Finland, and its
production units are located in China and Tunisia. Sales and marketing
operations are located in Europe, the United States and China. In the fiscal
year ending in October 2012, consolidated net sales totalled EUR 78.1 million,
and the Group's personnel averaged 888. The company's shares are quoted on
Nasdaq OMX Helsinki Oy. www.efore.com