Global Citizenship: Redefining Connection and Responsibility in Digital Transformation
The Marketing Minute: Strategic Short-form Content Builds Brand Momentum
SMT Perspectives and Prospects: Artificial Intelligence, Part 5: Brain, Mind, Intelligence
Efore Plc Trims Financial Estimate for 2015
October 1, 2015 | Efore PlcEstimated reading time: 1 minute
Efore Plc has lowered its financial estimate for 2015 due to lower-than-forecast demand in mainly telecommunication sector during the latter part of the year.
New financial estimate is:
The company estimates its net sales of financial year 2015 to be EUR 86 to 92 million and results from operating activities without one-time items to be at break-even level or mildly positive.
Previous financial estimate was:
The company estimates its net sales of financial year 2015 to be EUR 86-96 million and results from operating activities without one-time items to be EUR 2-5 million.
Efore continues a cost-saving and efficiency improvement programme started during the summer. The company structure has been streamlined and the organisation has been flattened through integration of business units. Furthermore, the cost structure of certain products has been improved and there are production efficiency improvements both at Tunisia and Suzhou plants. The results of these measures will begin to show mainly during 2016.
Efore will publish its interim report for the 3rd quarter on October 21, 2015.
About Efore Group
Efore Group is an international company which develops and produces demanding power products. Efore's head office is based in Finland and its production units are located in China and Tunisia. Sales and marketing operations are located in Europe, United States and China. In the fiscal year ending in December 2014, consolidated net sales totalled EUR 85,3 million and the Group's personnel averaged 914.
Share on:
Suggested Items
ViTrox Marks 25 Years of Innovation with Cutting-Edge Solutions at NEPCON China 2025 in Shanghai
04/18/2025 | ViTrox TechnologiesViTrox, which aims to be the World’s Most Trusted Technology Company, is proud to announce its participation in NEPCON China 2025, taking place from April 22–24, 2025, at Booth #1E45, Shanghai World Expo Exhibition & Convention Centre (SWEECC).
Stocks Tumble as Nvidia Warns of Major Hit From U.S.-China Export Curbs
04/17/2025 | I-Connect007 Editorial TeamU.S. stocks slid sharply Wednesday after Nvidia warned that new U.S. export restrictions on chips to China could slash billions from its revenue, deepening investor anxiety over the broader economic fallout of President Donald Trump’s ongoing trade war.
Worldwide Smartphone Market Grew 1.5% in Q1 2025, Amid On-going US-China Trade Tension
04/15/2025 | IDCAccording to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker , global smartphone shipments increased 1.5% year-over-year (YoY) to 304.9 million units in the first quarter of 2025 (1Q25).
Tariff Uncertainty Weighs on Display Demand, Pricing, and the Supply of AMOLED Materials,
04/09/2025 | TrendForceTrendForce reports that the U.S. began implementing reciprocal tariffs on April 9th, based largely on trade deficits. Consequently, Asia—particularly Southeast Asia, a key hub for the consumer electronics supply chain—has been significantly impacted.
CEE PCB Appoints Markus Voeltz to Business Development Director Europe
04/02/2025 | CEE PCBCEE PCB, a leading manufacturer of printed circuit boards (PCBs) and flexible printed circuits (FPCs) with 3 production facilities in China, is expanding its presence in Europe and began providing local support in March 2025. With 25 years of experience in the industry, the company is enhancing its commitment to European customers by providing more direct collaboration for technical inquiries and advice.