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2011-11-22 08:55:00 CET 2011-11-22 08:55:07 CET REGULATED INFORMATION Efore - Company AnnouncementEFORE PUBLISHES PRELIMINARY FISCAL YEAR 2011 NUMBERS AND ESTIMATES FISCAL YEAR 2012 FINANCIAL DEVELOPMENTEspoo, 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 |
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