ASPOCOMP’S CONSOLIDATED CASH FLOW FOR THE OCTOBER-DECEMBER PERIOD NOT LIKELY TO REACH BREAK-EVEN

Aspocomp Group Oyj   Company Announcement  October 2, 2007 at 4:10 pm 

 

Aspocomp estimates that the Group’s consolidated cash flow from continuing operations is not likely to reach break-even during the last quarter of this year. The weaker outlook is mostly attributable to products with lower than expected margins at the Chinese plant. Liquidity of the Group’s parent company, Aspocomp Group Oyj, has waned further, however cash flow of operative subsidiaries Aspocomp Oulu Oy in Finland and ACP Electronics Ltd in China is positive. The Group’s profitability without one-off items is anticipated to remain on the 2006 level and the full-year result is expected to be markedly unprofitable.

 

Aspocomp continues active partnership negotiations and financial arrangements with banks.

 

For further information, please contact Maija-Liisa Friman, CEO,

tel. +358 9 7597 0711.

 

ASPOCOMP GROUP OYJ

 

 

 

Maija-Liisa Friman

President and CEO

 

 

Aspocomp: Innovative interconnection solutions for the electronics industry

 

The Aspocomp Group develops and offers high technology interconnection solutions for the electronics industry in close cooperation with its customers. Aspocomp supplies printed circuit boards for mobile data terminal equipments, data communications networks and automotive industry. The company supports its global customers in developing new technologies and offers a fast route from product development to applications and volume production. The Group’s production facilities are located in Finland, China and Thailand. In 2006, its net sales stood at EUR 149 million and it had about 3,350 employees.

 

Distribution:

The Nordic Exchange

Major media

www.aspocomp.com