ASPOCOMP GROUP OYJ STOCK EXCHANGE RELEASE April 8, 2004 at 10:00AM 1(2)
ASPOCOMP GROUP’S FIRST QUARTER 2004 RESULTS BETTER THAN EXPECTED
Due to a higher capacity utilization rate during the end of the first
quarter, net sales are expected to grow 16% compared to the same
quarter last year. The result is expected to be clearly positive in all
earnings levels and earnings per share is to be approximately EUR 0.15
Net sales of the quarter is expected to be almost EUR 48 million (EUR
41.1 million in the same quarter last year) and EBIT approximately 5%
of net sales (-4.1% last year).
Compared to the same quarter last year, net sales and EBIT grew mostly
in ACP Electronics Co., Ltd., Aspocomp Group’s subsidiary in China. ACP
Electronics reached clearly a positive EBIT.
Aspocomp’s net sales are expected to increase meaningfully in 2004,
with the growth being stronger towards the end of the year. The result
of fiscal year 2004 is expected to be positive.
Aspocomp will publish its first quarter interim report on May 10, 2004.
For more information, please contact Ms Maija-Liisa Friman, President
and CEO, tel. +358 400 488 932.
ASPOCOMP GROUP OYJ
President and CEO
ASPOCOMP IN BRIEF
The Aspocomp Group’s offering includes high-tech electronic components
and services such as manufacturing and designing printed circuit boards
as well as manufacturing of mechanics and modules. Aspocomp’s products
are used in the electronics industry as in mobile devices,
telecommunications infrastructure, cars and in other industrial
applications. Aspocomp Group’s production sites are located in Finland,
China and Thailand. The Group net sales in 2003 were about EUR 180
million and the number of the personnel was about 3300. The Group
parent company Aspocomp Group Oyj has been listed on the Helsinki
Exchanges since 1999.
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