Aspocomp group's first quarter 2004 results better than expected

Citation

(2004), "Aspocomp group's first quarter 2004 results better than expected", Circuit World, Vol. 30 No. 4. https://doi.org/10.1108/cw.2004.21730dab.008

Aspocomp group's first quarter 2004 results better than expected

Aspocomp group's first quarter 2004 results better than expected

Owing to a higher capacity utilisation rate during the end of the first quarter, net sales are expected to grow 16 percent compared to the same quarter last year. The result is expected to be clearly positive in all earnings levels and earnings per share is to be approximately EUR 0.15-0.20.

Net sales of the quarter is expected to be almost EUR 48 million (EUR 41.1 million in the same quarter last year) and EBIT approximately 5 percent of net sales (-4.1 percent last year).

Compared to the same quarter last year, net sales and EBIT grew mostly in ACP Electronics Co., Ltd, Aspocomp Group's subsidiary in China. ACP Electronics reached clearly a positive EBIT.

Aspocomp's net sales are expected to increase meaningfully in 2004, with the growth being stronger towards the end of the year. The result of fiscal year 2004 is expected to be positive.

Aspocomp published its first quarter interim report on 10 May 2004.

For further information, visit the Web site: www.aspocomp.com