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2011-05-17 09:20:00 CEST 2011-05-17 09:20:16 CEST REGULATED INFORMATION Efore - Company AnnouncementEFORE ADJUSTS ITS FINANCIAL ESTIMATE FOR FISCAL YEAR 2011 AND PUBLISHES PRELIMINARY SECOND QUARTER NUMBERSEspoo, 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 |
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