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Efore Plc (EFO1V.HE)

EFO1V.HE on Helsinki Stock Exchange

0.62EUR
11:29am EDT
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€-0.00 (-0.79%)
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€0.63
Open
€0.61
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€0.62
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€0.61
Volume
4,507
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42,381
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€0.83
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€0.45

Latest Key Developments (Source: Significant Developments)

Efore signs representation deal with Meridian Technical Sales
Thursday, 23 Feb 2017 08:05am EST 

Efore Plc : Signs representation agreement with Meridian Technical Sales .Appointment of Meridian Technical Salesas its new representative firm in Silicon Valley, Northern California and Northern Nevada.  Full Article

Efore has agreed upon new credit arrangement
Wednesday, 21 Dec 2016 02:50am EST 

Efore Plc : Agreed upon new credit arrangement amounting to 2 million euros ($2.1 million) for 6 months period . Jussi Capital Oy, which belongs to related parties of company, has granted loan .New loan arrangement will ensure Efore's financing of one-time costs resulting from structural changes.  Full Article

Efore has rearranged its financing
Friday, 30 Sep 2016 07:00am EDT 

Efore Plc : Has rearranged its financing . Has agreed upon financing amounting to 6.8 million euros ($7.6 million) . Jussi Capital Oy has issued an absolute guarantee for part of loan . Financing arrangements will give Efore good opportunities to execute necessary actions that will enable positive operating result in 2017 .Simultaneously, Efore has received a waiver from financier regarding covenant breach that was disclosed in H1 financial report published on Aug. 10, 2016.  Full Article

Efore to outsource manufacturing of China plant to Hodgen
Wednesday, 31 Aug 2016 05:00am EDT 

Efore Plc : Efore to outsource manufacturing of China plant to Wuxi Hodgen Technology (Hodgen) . Target is to finalize actions according to agreement by end of September . Both parties have agreed that required official permits and other practical arrangements would be completed during September .Hodgen to continue manufacturing in Efore's current production facility in Suzhou, Efore to remain responsible for quality of delivered products as well as New Product Introduction process.  Full Article

Efore H1 operating result swings to loss EUR 3.0 mln
Wednesday, 10 Aug 2016 02:00am EDT 

Efore Plc : H1 net sales 39.5 million euros ($44.05 million) versus 47.2 million euros year ago .H1 operating loss 3.0 million euros versus profit 0.7 million euros year ago.  Full Article

Efore announces preliminary H1 results; lowers 2016 outlook
Thursday, 4 Aug 2016 07:30am EDT 

Efore Plc : Preliminary H1 net sales 39.5 million euros versus 47.2 million euros year ago . Preliminary H1 adjusted operating loss 2.6 million euros versus profit 0.7 million euros year ago . Downgrades its financial estimate for 2016 published on May 24, 2016 . Sees H2 adjusted operating result will not be as low as year ago (H2 2015: loss 2.3 million euros) . Estimates 2016 net sales to be lower than in previous year (2015: 89.9 million euros) .Sees 2016 adjusted operating result to be lower than last year (2015: loss 1.6 million euros).  Full Article

Efore lowers 2016 earnings forecast
Tuesday, 24 May 2016 08:00am EDT 

Efore Oyj : Lowers its financial estimate for 2016 . Cuts outlook due to lower than forecasted demand during first half of the year and due to challenges in production . Estimates its net sales of financial year 2016 to be lower than in previous year . Sees 2016 results from operating activities without one-time items to be negative, but better than in previous year . Previous financial estimate was: company estimates its net sales of financial year 2016 to be higher than 2015 . Previous financial estimate was: 2016 results from operating activities without one-time items to be positive .Says target is to finalize outsourcing negotiations during Q3 2016.  Full Article

Efore appoints Jorma Wiitakorpi new CEO
Friday, 29 Apr 2016 01:07am EDT 

Efore Plc:Says Jorma Wiitakorpi has been appointed CEO of Efore Plc.Wiitakorpi will start as CEO on April 29.  Full Article

Efore Plc to outsource manufacturing in China
Wednesday, 30 Mar 2016 01:00am EDT 

Efore Plc:Initiates discussions on outsourcing manufacturing in China.In discussions with selected EMS partners on outsourcing of manufacturing as well as manufacturing support functions at the Suzhou plant in China.Target is to finalize outsourcing negotiations by beginning of Q3/2016.  Full Article

Efore issues FY 2016 guidance with revenue forecast in line with analysts expectations
Friday, 12 Feb 2016 02:00am EST 

Efore Plc:Estimates its net sales for FY 2016 to be higher than in FY 2015​.Sees r‍esults from operating activities without one-time items to be positive.Says long term financial target is to reach 10 pct EBIT level and an average annual net sales growth of 5-10 pct​.Reported net sales of 89.9 million euros for FY 2015.FY 2016 revenue 95.00 million euros-Thomson Reuters I/B/E/S.  Full Article

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