Cencorp falls behind in latest period, signs MOU

Cencorp's net sales for the reporting period January - June 2012 was EUR 9.1 million (EUR 11.2 million in 2011). Operating profit was EUR -1.1 million (-2.3) Profit for the period EUR -1.3 million (-3.3). April - June 2012 - Cencorp Group's net sales decreased by 27.0 per cent to EUR4.7 million (EUR6.4 million). - EBITDA was EUR -1.0 million(EUR -0.3 million) - Operating profit was EUR -1.5 million (EUR -0.9 million) - The Group's profit before taxes was EUR -1.3 million (EUR -1.2 million) - Profit for the period was EUR -1.3 million (EUR -1.3 million) January - June 2012 - Cencorp Group's net sales decreased by 18.7 per cent to EUR 9.1 million (EUR 11.2 million). - The order book at the end of June stood at ca. EUR 3.3 million (EUR 4.2 million). - EBITDA was EUR 0.01 million (EUR -1.2 million). - Operating profit was EUR -1.1 million (EUR -2.3 million). - The EBITDA and the operating profit include a one-off profit of EUR 1.2nmillion from the sale of Beijing plant. - The Group's profit before taxes was EUR -1.3 million (EUR -3.3 million). - Profit for the period was EUR -1.3 million (EUR -3.3 million). Outlook and MOU Cencorp announced that the company had signed a Memorandum of Understanding (MOU) related to the acquisition of Avery Dennison's Conductive Back Sheet (CBS) business and related intellectual property rights. The MOU is non-binding. Cencorp said it would not present a market outlook due to the unknown impact of the proposed acquistion.