Efore - Company Announcement

EFORE ADJUSTS ITS FINANCIAL ESTIMATE FOR FISCAL YEAR 2011 AND PUBLISHES PRELIMINARY SECOND QUARTER NUMBERS

Espoo, Finland, 2011-05-17 09:20 CEST (GLOBE NEWSWIRE) -- EFORE PLC     Stock
Exchange Release    May 17, 2011 at 10.20 a.m. 



EFORE ADJUSTS ITS FINANCIAL ESTIMATE FOR FISCAL YEAR 2011 AND PUBLISHES
PRELIMINARY SECOND QUARTER NUMBERS 

Efore Plc adjusts its financial estimate for fiscal year 2011. It was published
in the Interim Report on the 3rd of March 2011. Favorable financial development
is based on the increased demand for Efore's telecom and industrial power
products and on Efore's capability to respond to it. Strong demand is estimated
to continue and it reflects positively to the whole fiscal year. 

New 2011 fiscal year estimate, published on the 17th of May 2011: The company
estimates at least 20% year-over-year net sales growth and result of operating
activities to grow to at least 4%. 

Efore's previous 2011 fiscal year estimate, published on the 3rd of March 2011:
The company estimates that both net sales and result of operating activities of
the current fiscal year will show an improvement compared to the previous
fiscal year. 

Preliminary net sales for the fiscal year 2011 second quarter is EUR 20.8
million and corresponding preliminary result of operating activities is EUR 0.7
million. Efore's Interim Report for 6 months (November 2010 - April 2011) will
be published on Thursday 26th of May 2011, as previously announced. 

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 2010, consolidated net sales totaled EUR 69,7
million and the Group's personnel averaged 821. 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