Ad
Ad
Ad
Ad
Ad
Ad
Ad
Electronics Production | August 30, 2010

Net sales increased for Efore by 27% in 3Q

Net sales for Finland-based EMS-provider Efore totalled EUR 19.0 million in 3Q/2010 (ending July 31, 2010). This compared to EUR 15.0 million for 3Q/2009.
The increase compared with the previous quarter was EUR 3.3 million. Net sales by customer group were as follows: ICT 78,2% (61.4%) and industrial electronics 21.8% (38.6%). Geographically net sales were as follows: EMEA EUR 8.3 million (EUR 6.4 million), APAC EUR 10.2 million (EUR 7.7 million) and the Americas EUR 0.6 million (EUR 0.9 million).

The result of operating activities was EUR 0.2 million (EUR 0.0 million).

Key customer demand increased but the availability of components as well as their higher price level limited the deliveries and slowed the improvement of profitability during the third quarter.

Business Development

Investment on product development during the period under review was EUR 5.7 million (EUR 4.8 million) representing 11.6 % (9.7 %) of net sales. Focal point of Efore business has been moved to Asia. The company's plan is to maintain the level of investment in product development.

Outlook

According to the estimations received from the companies in the business, the overall telecommunications market is recovering and especially investments in new broadband networks have been started. Service business is estimated to grow faster than investments in networks.

Resulting from the market recovery the company estimates that both net sales and result of operating activities of the current fiscal year will show an improvement compared to the previous fiscal year.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Ad
Ad
Load more news
November 14 2017 8:30 PM V8.8.9-1