Aspocomp lowers its net sales and operating result forecast for 2020 due to the effects of the coronavirus pandemic
Aspocomp Group Plc, Inside Information, July 16, 2020 at 1:40 p.m.
Aspocomp lowers its net sales and operating result forecast for 2020 due to the effects of the coronavirus pandemic. Aspocomp’s weaker-than-expected financial performance has been affected in particular by the disruptions in automotive supply chains caused by the global coronavirus pandemic and the general weakening of demand at the beginning of the summer season. According to the new forecast, net sales and operating result for 2020 are expected to fall significantly short of the 2019 level.
In its previous outlook for 2020 (the Financial Statements release on March 10, 2020) Aspocomp estimated that its net sales and operating result for 2020 would be at the same level as in 2019. In 2019, net sales amounted to EUR 31.2 million and the operating result to EUR 3.4 million.
Aspocomp is currently observing a 30-day silent period prior to the publication of its Half-Year Report. Aspocomp’s Half-Year Report 2020 will be released on Wednesday, August 12, 2020.
For further information, please contact Mikko Montonen, President and CEO,
tel. +358 40 5011 262 , mikko.montonen(at)aspocomp.com.
ASPOCOMP GROUP PLC
President and CEO
Aspocomp – heart of your technology
A printed circuit board (PCB) is used for electrical interconnection and as a component assembly platform in electronic devices. Aspocomp provides PCB technology design, testing and logistics services over the entire lifecycle of a product. The company’s own production and extensive international partner network guarantee cost-effectiveness and reliable deliveries.
Aspocomp’s customers are companies that design and manufacture telecommunication systems and equipment, automotive and industrial electronics, and systems for testing semiconductor components for security technology. The company has customers around the world and most of its net sales are generated by exports.
Aspocomp is headquartered in Espoo and its plant is in Oulu, one of Finland’s major technology hubs.