Efore - Company Announcement

EFORE PUBLISHES PRELIMINARY SECOND QUARTER NUMBERS AND LOWERS ITS NET SALES ESTIMATE FOR FISCAL YEAR 2013

Espoo, Finland, 2013-05-14 08:00 CEST (GLOBE NEWSWIRE) -- EFORE PLC     Stock
Exchange Release    May 14, 2013  at 9.00 a.m. 


Preliminary net sales for the fiscal year 2013 second quarter is EUR 14,8 
million (EUR 19,3 million.) and preliminary result of operating activities is
EUR -1,9 million (EUR -1,3 million). Preliminary second quarter result of
operating activities includes EUR 0,3 million one-time costs related to the
profitability and efficiency improvement program. Preliminary net sales for 6
months (November 2012 - April 2013) is EUR 28,6 million (EUR 34,1 million) and
preliminary result of operating activities is EUR -3,4 million (EUR -2,2
million). Efore's Interim Report (November 2012 - April 2013) will be published
on Thursday, 23rd of May, 2013, as previously announced. 

Demand of telecom sector continued lower than forecasted also during the second
quarter and due to this net sales and result of operating activities were lower
than anticipated. Industrial sector sales were on expected level. 

Efore started a profitability and efficiency improvement program in March 2013
targeting to annual cost base reduction of at least EUR 1.8 million. When the
profitability and efficiency improvement program and other measures have been
implemented, the company estimates to reach a break-even profitability level
with the Q2 net sales level by the end of this year. 

Efore Plc continues actions according to its strategy targeting to substantial
growth in industrial sector. 

Efore Plc updates its financial estimate for fiscal year 2013 which was
published in the Interim Report on 5th of March 2013. According to it the
company estimated its net sales for the fiscal year 2013 to be on the same
level with the fiscal year 2012. Net sales was estimated for the corresponding
period with Efore's fiscal year 2012 (12 months). 

New full 2013 fiscal year financial estimate: The company estimates its net
sales for fiscal year 2013 (14 months) to be nearly on the same level with the
fiscal year 2012. 

EFORE PLC

Vesa Vähämöttönen
President and CEO

For further information please contact Mr.Vesa Vähämöttönen, President and CEO,
on May 14, 2013 at 12-2.00 p.m., 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 unit
is located in China. Efore is present also in Sweden. In the fiscal year ending
in October 2012, consolidated net sales totaled EUR 78,1 million and the
Group's personnel averaged 888. The company's share is quoted on the Nasdaq OMX
Helsinki Ltd. 

www.efore.com




         Mr.Vesa Vähämöttönen, President and CEO, tel. +358 9 4784 6312