Deliveries of Sharp smartphone product lineup "KIN" put on hold
(Thomson Reuters ONE) -
Elcoteq SE
Stock Exchange Release
July 1 , 2010 at 17.15 am (EET)
Sharp has informed Elcoteq that the further deliveries of the "KIN" smart phone
product lineup will be put on hold.
Elcoteq has already delivered to Sharp the KIN smartphones for the US markets
with revenues amounting to more than one third of the original guidance for
Sharp business in 2010 (150M?). Deliveries for the European markets were
scheduled to start later in the Autumn.
Based on the currently available information Elcoteq does not change the
profitability guidance which it has given earlier.
As communicated earlier, Elcoteq expects the operating profit to turn positive
on the second half of 2010.
ELCOTEQ SE
Maria Forsström
Communications Officer
Further information:
Mikko Puolakka, CFO, tel. +41 41 728 0333
About Elcoteq
Elcoteq SE is the global Life Cycle Service Partner for high-tech product and
service companies.
Engineering, Manufacturing, Fulfillment and After Market Services are the
cornerstones of Elcoteq's extensive service offering. Elcoteq has a proven track
record in electronics manufacturing services (EMS) and a global factory network
coupled with modern manufacturing equipment and consistent systems and
processes.
Products include Consumer Electronics devices such as mobile phones and their
accessories, set-top boxes, LED lamps and luminaries, flat panel TVs as well as
System Solutions products such as infrastructure systems, modules and other
industrial segment products.
The Group's consolidated net sales for 2009 totaled 1.5 billion euros and it
employs approximately 10,000 persons. Elcoteq SE is listed on the Nasdaq OMX
Helsinki Ltd. For more information visit the Elcoteq website at
www.elcoteq.com.
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Source: Elcoteq SE via Thomson Reuters ONE
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Datum: 01.07.2010 - 16:15 Uhr
Sprache: Deutsch
News-ID 23357
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