Stock Exchange Rele...

PROFIT WARNING: CENCORP CORPORATION DECREASES ITS NET SALES AND PROFIT ESTIMATE OF FOURTH QUARTER

05/12/2008

 

Differing from previous estimate the net sales of fourth quarter are estimated to be EUR 3.7 million. Previous estimate concerning net sales of fourth quarter was EUR 4.3 – 5.0 million.

 

Net sales estimation has decreased because orders, totally worth of EUR 750 thousand  have not been confirmed in time, nevertheless Cencorp has readiness to deliver equipments in question. Because of this it is unlikely that equipments will be delivered during fourth quarter.

 

The net sales of fiscal year 2008 will be lower than year 2007 (EUR 20.3 million) as informed previously and operating profit (EBIT) of fiscal year 2008 is negative. Because of decreased net sales of fourth quarter the operating profit of last half of the fiscal year is estimated to turn slightly negative. Previous estimate concerning operating profit of the last half of the fiscal year was positive.   

 

 

In Lohja, December 5, 2008

 

Cencorp Corporation

 

BOARD OF DIRECTORS

 

Further information: Jarmo KanervoActing CEO Tel. +358 40 5278802 

Cencorp develops and supplies automation solutions to the electronics and semiconductor industry that enhance productivity.

 

Distribution:

Helsinki Stock Exchanges

Main media

www.cencorp.com

 

 

Neither this press release nor any copy of it may be taken, transmitted into or distributed in the United States of America or its territories or possessions.