ASPOCOMP LOWERS ITS PROFIT FORECAST AND UPDATES ITS NET SALES ESTIMATE FOR 2015

Espoo, Finland, 2016-01-05 13:30 CET (GLOBE NEWSWIRE) --
Aspocomp Group Plc, Company Announcement, January 5, 2016 at 2:30 p.m.

Aspocomp is lowering its profit forecast for 2015 due to the weaker order intake during the end of the year. Order intake slowed down significantly in the second half of December. Consequently, at the turn of the year the value of work in process and the finished product inventory fell more than foreseen. The 2015 operating result excluding non-recurring items is expected to amount to approximately EUR -0.9 million and the 2015 net sales to approximately EUR 17.5 million.

In its previous outlook (Company Announcement on August 13, 2015) Aspocomp estimated that its net sales in 2015 would be between EUR 18 and 20 million and operating profit excluding non-recurring items between EUR -0.7 and 0.5 million.

Aspocomp’s Financial Statements bulletin for the period January 1 – December 31, 2015 will be released on February 25, 2016.


For further information, please contact Mikko Montonen, CEO,
tel. +358 20 775 6860, mikko.montonen(at)aspocomp.com.

ASPOCOMP GROUP PLC

Mikko Montonen
CEO


Distribution:
Nasdaq OMX Helsinki Ltd
Major media
www.aspocomp.com


Aspocomp – PCB technology company

Aspocomp develops and sells PCB manufacturing services, focusing on the end-to-end fulfillment of customers’ PCB needs. Our seasoned professionals help customers to create the most optimal PCB designs, both in terms of performance and cost. Our trimmed production lines produce the most challenging designs with the shortest lead-times in the industry. Operating as a service business, we provide one-stop access to technology solutions and competitive products for all PCB technologies.

A printed circuit board (PCB) is the principal interconnection method in electronic devices. PCBs are used for electrical interconnection and as a component assembly platform in most electronic applications. Aspocomp’s PCBs are used in many applications, such as telecommunication networks and devices, automotive electronics, security and medical systems, chipset development and industrial automation.