ASPOCOMP’S EBITDA LIKELY TO BE NEGATIVE IN 2009

Aspocomp Group Oyj   Company Announcement  June 24, 2009 at 9:00 am 

 

ASPOCOMP’S EBITDA LIKELY TO BE NEGATIVE IN 2009

 

Aspocomp estimates that its operating profit before depreciation (EBITDA) will be negative in 2009. According to the previous estimate the full year 2009 EBITDA would have remained positive.

 

The printed circuit board market situation seems to remain tougher than expected also during the second half of the year 2009. This weakens also Aspocomp’s Oulu plant’s business prospects. However, the visibility of the market is currently exceptionally limited.

 

 

For further information, please contact Sami Holopainen, CEO,

tel. +358 9 591 81.

 

ASPOCOMP GROUP OYJ

 

 

 

Sami Holopainen

President and CEO

 

Aspocomp: Innovative interconnection solutions for the electronics industry

 

The Aspocomp Group offers and develops innovative interconnection solutions for the electronics industry in close cooperation with its customers. We are strongly positioned as a supplier of data communications equipments and industry. We offer our global customers a fast road to mass production through flexible and cost-effective adaptation of new technologies.

 

The Aspocomp Group’s production facility is located in Oulu, Finland. In 2008, the Group’s net sales stood at about EUR 21 million and it had about 115 employees at the end of December, 2008.

 

 

Distribution:

NASDAQ OMX Helsinki

Major media

www.aspocomp.com