Solteq changes the profit estimation for this financial year and begins co-operation negotiations

(Thomson Reuters ONE) -


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 ali.saadetdin(at)solteq.com


Antti Kärkkäinen,CFO
Tel +358 20 1444 393 or +358 40 8444 393, e-mail antti.karkkainen(at)solteq.com



Distribution:
NASDAQ OMX Helsinki
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Datum: 28.05.2010 - 11:15 Uhr
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News-ID 21637
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