01.10.1999
The implementation of the division of Aspo Plc has been registered and the trade in Aspocomp Group Oyj shares begins
The implementation of the division of Aspo Plc into Aspo Plc and Aspocomp Group Oyj has today been registered in the Trade Register. Also the recipient companies Aspo Plc and Aspocomp Group Oyj have been registered. The registration number of Aspocomp Group Oyj is 770.460.
The trade in Aspocomp Group Oyj shares will begin today on the main list with the trading code ACG1V. The round lot is 50 shares. The shares will be traded in the Telecommunications and Electronics business sector. The number of shares outstanding totals 8,770,416 and the share capital amounts to 8,770,416 euros.
Aspocomp Group serves international electronics industry. The product range of the Group consists of printed circuit boards, hybrid circuits and mechanical assemblies that are manufactured in accordance with the specifications and documents provided by the customer. Over 70 % os net sales derives from the telecommunication cluster in Europe.
Group financial information
| 1-6/99 | 1998 | 1997 | 1996 | |
| Net Sales, MEUR | 97.5 | 126.7 | 112.4 | 96.2 |
| Operating profit, MEUR | 9.4 | 11.9 | 11.1 | 7.1 |
| Profit before extraordinary items and taxes, MEUR | 8.8 | 10.3 | 9.4 | 5.1 |
| Share capital, MEUR | 8.8 | 8.8 | 8.8 | 8.8 |
| Shareholders’ equity, MEUR | 62.5 | 56.5 | 49.3 | 42.7 |
| Equity/share, EUR | 7.13 | 6.44 | 5.62 | 4.88 |
| Earnings/share, EUR | 0.68 | 0.83 | 0.76 | 0.40 |
| Equity ratio, % | 47.5 | 46.7 | 53.5 | 50.2 |
Net sales are expected to increase. Profit after financial items is expected to increase significantly over last year.
Mr Pertti Vuorinen, CFO, phone int. +358 9 7595 280, and Ms Minna Pitkänen, secretary, phone int. +358 9 7595 276 are contact persons in communications and Investor Relations.
Website address: http://www.aspocomp.com
ASPOCOMP GROUP Oyj
Jarmo Niemi
President and CEO
Distribution:
Helsinki Exchanges
Press and Media