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2011-05-25 08:00:00 CEST 2011-05-25 08:01:16 CEST REGULATED INFORMATION Vacon - Company AnnouncementVacon's Capital Markets Day on May 25, 2011Vacon Plc, Stock Exchange Release, 25 May 2011 at 9 am Vacon Plc is holding a Capital Markets Day for investors, analysts and media representatives on 25 May 2011 starting at 9.00 am in Vantaa, Finland. The presentations of the day will focus on energy savings that can be achieved with AC drives, prospects for the AC drives market and the added value Vacon AC drives bring to the customer. The speakers will be Vesa Laisi (Vacon's CEO), Heikki Hiltunen, (Vacon Executive Vice President, Products and Markets), Ms Eriikka Söderström (Vacon's CFO) and Mr Sebastian Linko, Director, Corporate Communications and Investor Relations as well as Marketing Directors of Vacon's main product sectors, Renewable Energy and Motor Control, Mr Olli Tevä and Mr Simo Kekkonen. At the end of the day, we will pay a visit to our customer's site and see Vacon AC drives in action in various applications. Vacon continues to follow its strategy of profitable growth. Vacon estimates that its 2011 revenues will increase 10% - 20% and its operating profit percentage is expected to rise from 2010. Earnings per share are expected to improve significantly from 2010. Vacon's goal is to achieve revenues of EUR 500 million in 2014. Its long-term profitability target is an operating profit of 14% and a return on equity of more than 30%. The Capital Markets Day presentations will be available on Vacon's Internet website at www.vacon.com under "Investor info". Vacon Plc Further information and press contact: * Sebastian Linko, Director, Corporate Communications and Investor Relations, +358 40 837 1634, email sebastian.linko(at)vacon.com Vacon in brief: Vacon is driven by a passion to design, manufacture and sell only the best AC drives on the planet - and nothing else. AC drives can be used to control electric motors or to help generate power from renewable sources. Vacon has R&D and production units in Finland, the United States, China and Italy, and sales offices in 27 countries. In 2010, Vacon had revenues of EUR 338 million and globally employed 1,300 people. Vacon's shares (VAC1V) are listed and publicly traded on the Helsinki Stock Exchange. Driven by Drives, www.vacon.com Distribution: NASDAQ OMX Helsinki Financial Supervisory Authority Main Media [HUG#1518542] |
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