Aspocomp Releases Half-Year Financial Report 2018

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First Half of 2018

First-half net sales amounted to EUR 13.8 million (EUR 11.6 million), a year-on-year increase of 19.3%. The largest growth in net sales in the first half of the year was generated by the automotive industry and in the second-quarter the pick-up was boosted by the increased demand for next-generation 5G telecommunications networks.

The five largest customers accounted for 51% of net sales (51%). In geographical terms, 96% of net sales were generated in Europe (97%), 2% in Asia (1%) and 2% in North America (2%).

First-half operating result amounted to EUR 1.1 million (EUR 0.3 million). The positive development of the operating result was mainly due to growth in net sales and the focus on more demanding PCBs in the product mix.

Net financial expenses amounted to EUR 0.0 million (EUR 0.0 million). Earnings per share were EUR 0.15 (EUR 0.05).

Outlook for the Future

In 2018, net sales are expected to grow over 10% and the operating result to double compared with 2017. In 2017, net sales amounted to EUR 23.9 million and the operating result to EUR 0.8 million.

The cornerstones of Aspocomp's growth include, for instance, next-generation 5G telecommunications and government networks, the e-revolution in the automotive industry, the development of testing requirements for semiconductor components as well as the spread of artificial intelligence and mechanical applications in the industry.

A major share of Aspocomp’s net sales is generated by quick-turn deliveries and R&D series, and thus the company’s order book is short. The company's aim is to systematically expand its services to cover the PCB needs of customers over the entire life cycle and thereby balance out variations in demand and the order book.

About Aspocomp – a service company specializing in PCB technologies

A printed circuit board (PCB) is used for electrical interconnection and as a component assembly platform in electronic devices. Aspocomp provides PCB technology design, testing and logistics services over the entire lifecycle of a product. The company’s own production and extensive international partner network guarantee cost-effectiveness and reliable deliveries.

Aspocomp’s customers are companies that design and manufacture telecommunication systems and equipment, automotive and industrial electronics, and systems for testing semiconductor components for security technology. The company has customers around the world and most of its net sales are generated by exports.

Aspocomp is headquartered in Espoo and its plant is in Oulu, one of Finland’s major technology hubs. For more information, click here.



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