Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
Nolan's Notes: The Next Killer App in Component Manufacturing
Efore Plc Lowers Financial Estimate for 2015
December 15, 2015 | Efore PlcEstimated reading time: 1 minute
Efore Plc lowers its financial estimate for 2015. The company will write off capitalized product development costs as a result of the customer's decision not to continue to develop a certain product line. Furthermore, in connection with inventory and balance sheet review it has been recognized other items to be expensed in 2015.
In a challenging market situation it is not possible to compensate costs with sales and as a consequence, the operating result forecast is lowered.
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 EUR 1-2 million negative.
Previous financial estimate was:
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.
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 financial statement report 2015 on February 12, 2016.
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
Wistron Announces Q1 Financial Results
05/08/2025 | WistronWistron Corporation held a Board of Directors meeting today. Following the meeting, the Company announced its financial results for the first quarter ended March 31, 2025. Consolidated revenue reached NTD346 billion, operating income was NTD15.15 billion, profit before tax (PBT) was NTD14.81 billion, and profit after tax (PAT) was NTD5,331million, with earnings per share (EPS) of NTD1.85.
Zhen Ding Releases April 2025 Monthly Revenue Report
05/07/2025 | Zhen Ding TechnologyZhen Ding Technology Holding Limited, a global leading PCB manufacturer, reported April 2025 revenue of NT$13,589 million, up 22.90% YoY, marking a record high for the same period in the company’s history.
Schweizer Electronic AG: Business Development in Q1 of 2025
05/07/2025 | Schweizer Electronic AGThe Schweizer Group continued its growth trajectory in the first quarter of 2025. Revenue reached EUR 39.4 million in the first quarter of 2025, up 14.9% on the previous quarter (Q4 2024: EUR 34.4 million) and slightly above the level of the same quarter of the previous year (Q1 2024: EUR 39.2 million).
Airbus Reports Q1 2025 Results
05/05/2025 | AirbusConsolidated revenues increased 6% year-on-year to € 13.5 billion (Q1 2024: € 12.8 billion). A total of 136 commercial aircraft were delivered (Q1 2024: 142 aircraft), comprising 17 A220s, 106 A320 Family, 4 A330s and 9 A350s.
OSI Systems Reports Fiscal 2025 Q3 Financial Results
05/02/2025 | BUSINESS WIREOSI Systems, Inc. announced its financial results for the three and nine months ended March 31, 2025.