Efore - Company Announcement

EFORE’S CAPITAL MARKETS DAY ON NOVEMBER 4, 2015

Espoo, Finland, 2015-11-04 07:00 CET (GLOBE NEWSWIRE) -- EFORE PLC   Stock
Exchange Release    November 4, 2015 at 8.00 


Efore's Capital Markets Day for investors, analysts and media representatives
is held today in Helsinki. The programme includes CEO's review of Efore's
updated strategy. Furthermore, the Group's executive management will give
presentations on power supply markets and technology as well as on financial
status and targets of the company. 

Efore's strategic direction remains the same, but there are some adjustments in
priorities of the strategy and its implementation. According to the new
strategy the company is focusing to be “The Trusted Power Partner” based on
reliability of its products and operations. The cornerstones of the strategy
are: Efficient cost base, Empower competent employees, Evolve game changing
technologies and Expand selected markets. 

The new strategic priorities are focused on improving the cost efficiency of
manufacturing and streamlining other current operations, as well as to
establish a solution driven operating model. Ensuring that the competencies of
our personnel remain at high level will enable us to maintain long term
competitiveness. The focus in technology development is on developing products
in the demanding high reliability/high dependability end of market, and
ensuring the developed base technology and platforms can be utilized across a
broad customer base. Furthermore, the company is working on establishing new
channels to market and new customer acquisition in order to increase volume.
Efore is also developing service based business model to increase its value
added. 

Efore's long term financial targets will remain unchanged and are as follows:

Efore Group's long term 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 efficient R&D investment utilization are
key factors to support group's target to improve profitability. 

Efore does not consider the long term targets as market guidance for any given
year. The Group will issue separate financial estimate. 

All presentation material are available on Efore's website (www.efore.com)
today. 


EFORE PLC

Heikki Viika
President and CEO

For further information please contact Heikki Viika, 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 Tunisia. Sales and marketing operations are
located in Europe, United States and China. In the fiscal year ending in
December 2014, consolidated net sales totalled EUR 85,3 million and the Group's
personnel averaged 914. The company's share is quoted on the Nasdaq OMX
Helsinki Ltd. www.efore.com