Aspocomp Group Plc
Aspocomp issues a profit warning: the operating result for 2020 will be slightly unprofitable
Aspocomp Group Plc, Inside Information, January 15, 2021 at 11:30 a.m.
Aspocomp’s January-December 2020 net sales is estimated to be EUR 25.6 million. Demand in the telecommunications networks and automotive segments in the fourth quarter was lower than expected. Due to the low net sales and the EUR 0.3 million loan provision recorded in the first quarter, Aspocomp’s operating result for January-December 2020 is estimated to
be lower than previously forecast and to be approximately EUR -0.1 million.
In its previous outlook for 2020 (the Interim Report on November 4, 2020) Aspocomp estimated that its net sales and operating result for 2020 will fall significantly short of the 2019 level. In 2019, net sales amounted to EUR 31.2 million and the operating result to EUR 3.4 million.
Aspocomp's Financial Statements release January 1- December 31, 2020 will be released on Wednesday, March 10, 2021 at around 09:00 a.m. (EET). In conjunction with the publication of Aspocomp’s Financial Statements release 2020, Aspocomp will provide an outlook for 2021.
For further information, please contact Mikko Montonen, President and CEO,
tel. +358 40 5011 262, mikko.montonen(at)aspocomp.com.
ASPOCOMP GROUP PLC
President and CEO
Aspocomp – heart of your technology
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.
Subscribe to releases from Globenewswire
Subscribe to all the latest releases from Globenewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Globenewswire
WillScot Mobile Mini Holdings Corp.1.3.2021 22:37:16 CET | Press release
WillScot Mobile Mini Announces Launch of Secondary Offering and Concurrent Stock Repurchase
Accellion USA, LLC1.3.2021 22:31:36 CET | Press release
Mandiant Issues Final Report Regarding Accellion FTA Attack
CrossAmerica Partners1.3.2021 22:16:35 CET | Press release
CrossAmerica Partners LP Reports Fourth Quarter and Year-End 2020 Results
Virgin Hyperloop One1.3.2021 21:34:13 CET | Press release
Historic Hyperloop Vehicle to be Unveiled to the Public at the Smithsonian FUTURES Exhibition this Fall
GN Store Nord A/S1.3.2021 21:08:32 CET | Press release
GN Store Nord successfully signs issue of a 15-year EUR 50 million bond under its EMTN program
Golden Ocean Group Limited1.3.2021 21:01:31 CET | Press release
GOGL – Special General Meeting
Skjern Bank A/S1.3.2021 20:56:41 CET | Pressemeddelelse
Referat af ordinær generalforsamling afholdt fuldstændig elektronisk mandag den 1. marts 2021
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom