Aspocomp Group Plc
ASPOCOMP ORGANIZES CAPITAL MARKETS DAY TODAY MARCH 14, 2017 AND PUBLISHES ITS LONG TERM FINANCIAL TARGETS AND UPDATED DIVIDEND POLICY
Espoo, Finland, 2017-03-14 07:30 CET (GLOBE NEWSWIRE) —
Aspocomp Group Plc, Company Announcement, March 14, 2017 at 8:30 a.m.
Aspocomp Group Plc hosts Capital Markets Day for investors and analysts today, March 14, 2017 in Helsinki. The event will provide information about the company’s strategy, targets, topical business issues and markets.
In the event, Aspocomp also publishes its financial targets for the strategy period of 2017 – 2022. Aspocomp’s targets are that net sales will increase on average 10 per cent per year and that operating profit (EBIT) is more than 7 per cent of the company’s net sales by the end of the strategy period.
Aspocomp also updates its dividend policy. According to the new policy, Aspocomp aims to pay dividend to its shareholders annually. Board of Directors will consider the company’s financial performance, capital expenditure and development needs as well as liquidity when proposing annual dividend. Aspocomp’s target is to distribute at least 1/3 of the Group’s profit for the period as dividends to its shareholders.
“In many ways, Aspocomp is currently in a turning point. In 2016, our net sales increased significantly and both our operating profit and cash flow turned to positive. We are expanding our business geographically and to new customers segments. At the same time, we are transforming from a technology and product oriented company to a customer focused service company. Together with our selected partners, we can help our customers in their demanding needs during the whole lifecycle of their products,” says Mikko Montonen, CEO of Aspocomp.
Capital Markets Day 2017 agenda:
08:30 Registration and coffee
09:00 Aspocomp’s strategy
Mikko Montonen, CEO
09:45 Aspocomp’s customer segments and solutions
Tero Päärni, VP Sales
10:30 Coffee break
10:45 Aspocomp’s global supply chain
Antti Ojala, VP Business Development
Jouni Kinnunen, CFO
12:00 CMD ends
Capital Market Day’s presentation materials
Aspocomp’s Capital Market Day presentation materials are available in the company’s website during today at www.aspocomp.com/cmd.
For further information, please contact Mikko Montonen, CEO,
tel. +358 20 775 6860, mikko.montonen(at)aspocomp.com.
ASPOCOMP GROUP PLC
Aspocomp – a service company specializing in PCB technologies
Aspocomp specializes in demanding PCB technologies, serving its customers throughout the entire life cycle of a product. Aspocomp sells and manufactures PCBs and also provides related design and logistics services as well as technology solutions. Aspocomp creates value for its customers with unique products and solutions, strong manufacturing and technology expertise, as well as fast and reliable deliveries. A wide network of expert partners together with Aspocomp’s own manufacturing enables its customers to cost-effectively buy their PCBs from a single provider over the entire life cycle of a product.
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 customers are companies that design and manufacture telecom systems and equipment, automotive and industrial electronics, security technology and semiconductor testing systems.