Efore - Company Announcement

EFORE PUBLISHES PRELIMINARY SECOND QUARTER 2012 NUMBERS AND LOWERS ITS FINANCIAL ESTIMATE FOR FISCAL YEAR 2012

Espoo, Finland, 2012-05-16 10:45 CEST (GLOBE NEWSWIRE) -- EFORE PLC     Stock
Exchange Release    May 16, 2012  at 11.45 a.m. 


Preliminary net sales for the fiscal year 2012 second quarter is EUR 19,3 
milj. (EUR 20,8 milj.) and preliminary result of operating activities is EUR
-1,3 milj.(EUR 0,7 milj.) Preliminary net sales for November 2011 - April 2012
is EUR 34,1 milj. (EUR 42,7 milj.) and preliminary result of operating
activities is EUR -2,2 milj. (EUR 1,9 milj.). Efore's Interim Report for 6
months (November 2011 - April 2012) will be published on Friday, 25th of May,
2012, as previously announced. 

Low demand caused by balancing of high inventory levels at main customers and
unfavorable product mix weakened the result of operating activities. Export
sales from China in Euros were exceptionally high which together with weakened
Euro had negative impact to the result of operating activities. 

Despite of improved demand visibility for second half the slow start of the
fiscal year and weaker than expected second quarter results reflect to the full
year financial estimate. 

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

Efore lowers its financial estimate for fiscal year 2012 which was in the
Interim Report on 8th of March 2012. 

New full 2012 fiscal year estimate, published on 16th of May 2012: The company
estimates net sales for fiscal year 2012 to stay below the fiscal year 2011
level and result of operating activities without one-time costs to be slightly
negative. 

Efore's previous 2012 full fiscal year estimate, published in Interim Report on
8th of March 2012: Slow first months of the fiscal year 2012 will effect to the
whole year. Efore estimates to reach at least EUR 80 million net sales for full
fiscal year 2012. Fiscal year 2012 result from operating activities without
one-time costs is expected to be positive but staying below the fiscal year
2011 level. 

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 2011, consolidated net sales totaled EUR 88,1
million and the Group's personnel averaged 960. 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