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Elektrobit Oyj Issues FY 2013 Guidance

Tuesday, 19 Feb 2013 01:00am EST 

Elektrobit Oyj announced that for the year 2013, net sales are expected to grow and operating result to be at the same level as it was in 2012 without non-recurring items (pro forma net sales of EUR 173.8 million, and pro forma operating profit without non-recurring items of EUR 5.1 million, in the fiscal year 2012). Operating result is expected to be clearly better in the second half of 2013 than in the first half of 2013 due to higher product license sales in the Automotive Business Segment during the latter half of 2013 and other seasonality factors, and due to the planned cost saving measures in the first half of 2013 in the Wireless Business Segment.