Efore - Company Announcement

EFORE PUBLISHES ITS LONG-TERM FINANCIAL TARGETS AND ARRANGES A CAPITAL MARKETS DAY ON 10 SEPTEMBER, 2013

Espoo, Finland, 2013-09-10 07:00 CEST (GLOBE NEWSWIRE) -- EFORE PLC    Stock
Exchange Release                   10 September, 2013 at 8.00 a.m. 


Efore Plc's Board of Directors has decided on long-term financial targets for
the company. 

Efore Group's long term financial target is to reach 10% EBIT level and an
average annual net sales growth of 5-10%. Target is to grow especially in
industrial sector. Market driven product platforms and better R&D investment
utilization are key factors to support company's target to improve
profitability. 

On short term Efore is focusing to improve its profitability. Target is to
reach at least 6% EBIT level at the end of 2015. 

Efore will arrange a Capital Markets Day to analysts and investors on 10
September, 2013 beginning at 8:30 am in Helsinki. The event will include
management presentations on Efore's competences, markets and strategy following
the acquisition of the Italian-based Roal Electronics S.p.A published in July
2013. 

The Capital Markets Day's presentations will be available on Efore's website
www.efore.com on September 10, 2013 

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