2015-08-13 13:00:00 CEST

2015-08-13 13:00:02 CEST


REGULATED INFORMATION

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Aspocomp Group - Company Announcement

ASPOCOMP LOWERS ITS NET SALES AND PROFIT FORECAST FOR 2015


Espoo, Finland, 2015-08-13 13:00 CEST (GLOBE NEWSWIRE) -- 
Aspocomp Group Plc, Company Announcement, August 13, 2015 at 2:00 p.m.

Aspocomp lowers its net sales and profit forecast for 2015 because demand from
its three major customers was clearly weaker than expected, with a year-on-year
decline of EUR 4.5 million in deliveries. The other customers' level of demand
has evolved according to the strategy and increased by about 30 percent (EUR
1.3 million) compared to the reference period. According to the new forecast,
net sales in 2015 are expected to be between EUR 18 and 20 million and
operating result excluding non-recurring items between EUR -0.7 and 0.5
million. 

The expansion of the customer base has also developed as planned. Our goal is
to build up a clearly broader customer base over the current and the coming
year so that individual customers' demand variations and cycles will not have
such a strong impact on the company's net sales and operating result. 

Sales are not expected to increase until the fourth quarter, as deliveries to
major customers are expected to grow and return back to normal from September
onwards. 

According to advance information, Aspocomp's net sales in the January-June
period amounted to EUR 8.9 million and operating result excluding non-recurring
items to EUR -0.2 million. The company will record additional non-recurring
expenses of approximately EUR 0.2 million on the closure of the Teuva plant;
the previous EUR 1.5 million reserve was exceeded by approximately EUR 0.2
million, mainly as regards employee termination expenses. The operating result
for the review period was approximately EUR 0.4 million in the red. 

In its previous outlook (Interim Report on April 28, 2015) Aspocomp estimated
that its net sales in 2015 would be between EUR 20 and 25 million and operating
profit excluding non-recurring items between EUR 0.0 and 2.0 million. 

Aspocomp's Interim Report for the period January 1 - June 30, 2015 will be
released on August 20, 2015. 


For further information, please contact Mikko Montonen, CEO,
tel. +358 20 775 6860, mikko.montonen(at)aspocomp.com.

ASPOCOMP GROUP PLC

Mikko Montonen
CEO


Distribution:
Nasdaq OMX Helsinki Ltd
Major media
www.aspocomp.com


Aspocomp - PCB technology company

Aspocomp develops and sells PCB manufacturing services, focusing on the
end-to-end fulfillment of customers' PCB needs. Our seasoned professionals help
customers to create the most optimal PCB designs, both in terms of performance
and cost. Our trimmed production lines produce the most challenging designs
with the shortest lead-times in the industry. Operating as a service business,
we provide one-stop access to technology solutions and competitive products for
all PCB technologies. 

A printed circuit board (PCB) is the principal interconnection method in
electronic devices. PCBs are used for electrical interconnection and as a
component assembly platform in most electronic applications. Aspocomp's PCBs
are used in many applications, such as telecommunication networks and devices,
automotive electronics, security and medical systems, chipset development and
industrial automation.