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2009-02-26 13:55:00 CET 2009-02-26 13:55:00 CET REGULATED INFORMATION Cencorp - Company AnnouncementPROFIT WARNING: PRELIMINARY INFORMATION ON CENCORP CORPORATION'S NET SALES AND PROFIT IN THE FIRST QUARTERCENCORP CORPORATION STOCK EXCHANGE RELEASE 26 FEBRUARY 2009 Due to very challenging market conditions, Cencorp Corporation's net sales in the first quarter is estimated to be EUR 0.9 - 1.2 million (first quarter of 2008: EUR 4.5 million). The operating profit (EBIT) of the first quarter is estimated to be clearly negative (first quarter of 2008: EUR -0.1 million). The company's order backlog at the time of this stock exchange release is about 800 thousand euros. The visibility as to the new orders to be received by the company is exceptionally short due to rapid change in the customers' investment activity. Cencorp Corporation notified on 3 February 2008 that it has signed an agreement regarding the acquisition of the entire share capital of Savcor Alfa Oy. The completion of the acquisition is conditional on the completion of the combined arrangement negotiated with Savcor Group Oy, Sampo Pankki Oyj and Markku Jokela (as well as FT Capital Oy controlled by him as per Chapter 1, Section 5 of the Securities Markets Act). The acquisition is expected to be completed at the end of the first quarter at the earliest and it is therefore not expected by the company to have any significant effect on Cencorp Corporation's net sales or operating profit of the first quarter. In Lohja, 26 February 2009 Cencorp Corporation BOARD OF DIRECTORS Further information: Hannu Timmerbacka CEO Tel. +358400620845 Cencorp supplies automation solutions to the electronics and semiconductor industry that enhance productivity. Distribution: NASDAQ OMX Helsinki Main media www.cencorp.com |
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