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Solteq Oyj — Earnings Release 2010
May 28, 2010
3341_rns_2010-05-28_c2bc6bc4-eeea-4cb2-85d6-6fc17fabc573.html
Earnings Release
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Disclosure 279058
Solteq Oyj - Company Announcement
Solteq changes the profit estimation for this financial year and begins co-operation negotiations
SOLTEQ PLC STOCK EXCHANGE BULLETIN ON MAY 28, 2010 In the previous interim report Solteq Plc has estimated the turnover to reach the level of year 2009 and the operating result to be positive. In the yesterday's meeting the Board of Directors has noticed that at the moment the estimated turnover and operating result will differ from the earlier estimation. Because of this, the estimation is altered so that the turnover is expected to decrease by 5-10 percent from year 2009 and the operating profit to be negative. Because of the weakened estimations Solteq Plc has today started co-operation negotiations with its employees. The purpose of this action is to ensure company's cost effectiveness this year and in the near future. The objective of these negotiations is reduction of maximum 40 man-years during the following 12 months. The reductions are estimated to be executed by lay-offs and notices of termination. The co-operation negotiations involve all the personnel of Solteq Group. SOLTEQ PLC For further information, please contact: Ali U.Saadetdin, Chairman of the board Tel +358 20 1444 201 or +358 40 8444 201, e-mail [email protected]ali.saadetdin@solteq.com Antti Kärkkäinen,CFO Tel +358 20 1444 393 or +358 40 8444 393, e-mail [email protected]antti.karkkainen@solteq.com Distribution: NASDAQ OMX Helsinki Key media [HUG#1419662]