Brief: Aspocomp Group Q4 EBITDA Down At EUR 0.4 Mln

Aspocomp Oyj

10/03/2021 07:10

March 10 (Reuters) - Aspocomp Group Oyj  ACG1V.HE :
    * Q4 NET SALES EUR 5.9 MILLION VERSUS EUR 8.2 MILLION YEAR
AGO
    * Q4 EBITDA EUR 0.4 MILLION VERSUS EUR 1.0 MILLION YEAR AGO
    * DUE TO MAJOR UNCERTAINTIES RELATED TO CUSTOMER DEMAND,
OUTLOOK
FOR 2021 INVOLVES A SIGNIFICANTLY HIGHER RISK THAN NORMAL
    * ASPOCOMP ESTIMATES THAT ITS NET SALES FOR 2021 WILL
INCREASE AND
ITS OPERATING RESULT FOR 2021 WILL IMPROVE FROM 2020
    * IN 2020, NET SALES AMOUNTED TO EUR 25.6 MILLION AND
OPERATING
RESULT TO EUR -0.1 MILLION.
    * OVERSUPPLY SITUATION IS NOT EXPECTED TO EASE BEFORE
COVID-19
PANDEMIC SUBSIDES AND ECONOMY RECOVERS.
    * DECLINE IN NET SALES CONTINUED IN LAST QUARTER OF YEAR,
WHEN
DEMAND WAS LOWER THAN EXPECTED, ESPECIALLY IN TELECOMMUNICATIONS
AND AUTOMOTIVE SEGMENT
    * PROPOSES DISTRIBUTION OF UP TO EUR 0.07 PER SHARE FROM
RETAINED
EARNINGS AND / OR RETURN ON INVESTED EQUITY IN ONE OR MORE
TRANCHES

Source text for Eikon:  ID:nGNE8t9BDV 
Further company coverage:  ACG1V.HE 

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