Dana on Data: Merging 2D Electrical, 3D Mechanical Worlds
Fresh PCB Concepts: PCB Design Essentials for Electric Vehicle Charging
Elementary, Mr. Watson: Rules of Thumb—Guidelines vs. Principles for PCB Design
Inside Information, Profit Warning: Aspocomp Lowers Guidance for 2024
August 29, 2024 | AspocompEstimated reading time: 1 minute
Aspocomp Group Plc lowers its financial guidance for the year 2024. Aspocomp now estimates that its net sales for 2024 will be below the 2023 level, and its operating result for 2024 will be clearly below the 2023 level. In 2023, net sales amounted to EUR 32.3 million and the operating result was a loss of EUR 1.7 million.
In its previous outlook for 2024 (released on March 14, 2024, and repeated on July 18, 2024), Aspocomp estimated that its net sales for 2024 would increase from 2023, and its operating result would improve from 2023. In 2023, net sales amounted to EUR 32.3 million and the operating result was a loss of EUR 1.7 million.
Reasoning for the updated financial guidance
The net sales and operating result guidance is lowered due to the delay in increasing the company’s production capacity and the weakening of demand for its PCB brokerage business. In addition to the decrease in net sales, the weakening of the operating result forecast is influenced by the ramp-up of production of new products and the continued emphasis of net sales on lower-margin customer segments.
In its Half-Year Report, Aspocomp announced that order intake had turned to growth in the Semiconductor customer segment. Positive development has continued in Aspocomp’s order book and growth prospects in the Semiconductor customer segment are still strong. As the order book recovered, in June Aspocomp ended the layoffs that had begun in January 2024 and in July started recruitment to increase capacity.
New outlook for 2024
Aspocomp estimates that its net sales for 2024 will be below the 2023 level, and its operating result for 2024 will be clearly below the 2023 level. In 2023, net sales amounted to EUR 32.3 million and the operating result was a loss of EUR 1.7 million.
Previous outlook for 2024 (released on March 14, 2024, and repeated on July 18, 2024)
Aspocomp estimated previously that its net sales for 2024 would increase from 2023, and its operating result would improve from 2023. In 2023, net sales amounted to EUR 32.3 million and the operating result was a loss of EUR 1.7 million.
Share on:
Suggested Items
TTM Technologies to Exhibit at the 2024 International Electronics Circuit Exhibition in Shenzhen, China
12/04/2024 | Globe NewswireTTM Technologies, Inc., a leading global manufacturer of technology solutions including mission systems, radio frequency (RF) components and RF microwave/microelectronic assemblies and printed circuit boards (PCBs), announces that it will exhibit at the 2024 International Electronics Circuit Exhibition (Shenzhen).
Confidee Achieves ISO/IEC 27001:2022 Certification: Strengthening Information Security and Compliance
12/04/2024 | CONFIDEEConfidee, the world´s leading PCB Regulatory Technology company, proudly announces its achievement of the ISO/IEC 27001:2022 certification. This achievement further demonstrates Confidee´s commitment to delivering compliant PCBs according to industry standards and regulations.
Flexible Electronics Market to Reach $75.04 Billion by 2032
12/03/2024 | Globe NewswireThe SNS Insider report indicates that,“The Flexible Electronics Market Size was valued at USD 32.65 Billion in 2023 and is expected to reach USD 75.04 Billion by 2032 and grow at a CAGR of 9.72% over the forecast period 2024-2032.”
Foxconn Showcases Satellite Technology and Industry Ecosystem at TASTI 2024
12/03/2024 | FoxconnHon Hai Technology Group (Foxconn) participated in the 2024 Taiwan Space International Annual Conference (TASTI 2024) being held November 30 - December 4, 2024, showcasing its latest advancements in low-orbit satellite communications and its commitment to building a robust satellite industry ecosystem.
IPC Announces Two New Courses to Enhance Electronics Manufacturing Excellence
12/03/2024 | IPCIPC is excited to announce the launch of two new courses designed to optimize electronics manufacturing processes: "Ensuring Excellence: IPC-J-STD-001 Process Optimization" and "Ensuring Excellence: IPC-A-610 Process Optimization."