Aspocomp raises its outlook for net sales and operating result in 2018

Aspocomp Group Plc, Company Announcement, July 30, 2018 at 3:20 p.m.

Aspocomp raises its outlook for net sales and operating result in 2018

Aspocomp Group Plc upgrades its outlook for full-year 2018 net sales and operating result. In 2018, net sales are expected to grow over 10 percent and the operating result to double compared with 2017. In 2017, net sales amounted to EUR 23.9 million and the operating result to EUR 0.8 million.

Customer demand improved substantially in the second quarter of 2018 and is expected to remain strong during the rest of 2018.

In its previous outlook for 2018 (issued on February 15, 2018, repeated on April 19, 2018), Aspocomp estimated that its net sales would grow approximately 10 percent and the operating result would be better than in 2017.

Aspocomp’s half-year financial report for the period January 1 – June 30, 2018 will be released on Thursday, August 9, 2018.

For further information, please contact Mikko Montonen, President and CEO,
tel. +358 40 5011 262, mikko.montonen(at)aspocomp.com.

ASPOCOMP GROUP PLC

Mikko Montonen
President and CEO

Aspocomp – a service company specializing in PCB technologies

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.

www.aspocomp.com