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2008-11-19 08:00:00 CET 2008-11-19 08:00:00 CET REGULATED INFORMATION Salcomp Oyj - Company AnnouncementSALCOMP LOWERS ITS FULL-YEAR NET SALES ESTIMATESalcomp Plc Stock Exchange Release 19 November 2008 at 09:00 Finnish time SALCOMP LOWERS ITS FULL-YEAR NET SALES ESTIMATE Salcomp lowers its full-year net sales estimate, and according to the updated estimate the full-year net sales are expected to remain at the 2007 level or slightly under it. According to the earlier guidance published on 31 October 2008, Salcomp's full-year net sales were expected to grow compared with 2007. The weakening in the net sales outlook is due to the slower than estimated growth in the mobile phone market during the last quarter of the year. The growth in the mobile phone market has been slowed by an exceptional rapid weakening in the world economy and, as a result of that, by the decrease in consumer spending, as well as weak outlook in the global macro economy, strengthening of the dollar and tightness in the credit market. Regardless of the weakening in the net sales growth, Salcomp estimates the charger sales in volumes to grow compared with 2007. The profitability guidance remains unchanged, meaning that the operating profit in value is expected to be below the 2007 level. Salcomp will publish its financial statements release for 2008 on 10 February 2009. SALCOMP PLC Markku Hangasjärvi President and CEO tel. +358 40 7310 114 Distribution: NASDAQ OMX The main media www.salcomp.com |
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