Salcomp Oyj - Company Announcement

CEO'S REVIEW IN THE AGM: UPDATED INFORMATION ON SALCOMP'S CURRENT TRADING

Salo, Finland, 2011-03-24 09:15 CET (GLOBE NEWSWIRE) -- 
Salcomp Plc Stock exchange release 24 March 2011 at 10:15 Finnish time


In Salcomp Plc's Annual General Meeting to be held today on 24 March 2011
starting at 15:00 Finnish time in Helsinki, Markku Hangasjärvi, President and
CEO, will hold a review, presenting Salcomp's Financial Statements 2010 and
providing a short description of the company's performance during 2011 so far.
The CEO's review will cover the unaudited financial information published in
this release, not disclosed previously. 


Based on information from Salcomp's customers and suppliers related to
implications of the earthquake and tsunami in Japan to the whole electronics
industry, Salcomp expects some disruptions in industry deliveries in the coming
months. Although Salcomp's component purchases directly from Japan are at
insignificant level, some of Salcomp's current suppliers and customers use
materials manufactured in Japan. 


During the first months of 2011, Salcomp's net sales have continued to increase
compared to last year. However, the operating profit remains unsatisfactory and
is expected to be negative during the first quarter of 2011. The operating
profit continues to be burdened by further rises in material prices, as well as
higher labor costs and fixed costs. 


In summary, Salcomp's outlook for 2011 remains more uncertain than usual.
However, based on the currently available information, Salcomp has not changed
the outlook for the full year 2011. According to the guidance published earlier
in February 2011, the net sales in 2011 are expected to be EUR 280-320 million
and the operating margin in 2011 is expected to be 2-4% of the net sales. 


According to a timetable published earlier, Salcomp's Interim Report for the
January-March 2011 period will be published on 20 May 2011. 


SALCOMP PLC

Markku Hangasjärvi
President and CEO


Distribution:
NASDAQ OMX Helsinki
The main media
www.salcomp.com


         Further information:
         Markku Hangasjärvi, President and CEO, tel. +358 40 7310 114
         Jari Saarinen, CFO, tel. +358 40 5004 206