EB, ELEKTROBIT CORPORATION, STRATEGIC GUIDELINES
(Thomson Reuters ONE) -
STOCK EXCHANGE RELEASE
Free for publication on February 17, 2011, 8.00 a.m. (CET+1)
EB, ELEKTROBIT CORPORATION, STRATEGIC GUIDELINES
The Board of Directors of EB, Elektrobit Corporation, has updated EB's strategic
guidelines. The objective is to strengthen EB's position as a leading provider
of Automotive and Wireless solutions, products and services and to further
improve profitability. The strategic guidelines announced in June 2009 are
updated with growth targets and business models of the Business Segments .
According to the strategy, EB continues to focus on two Business Segments -
Automotive and Wireless. EB's objective is to be a leading provider of
solutions, products and services in its selected businesses. The most important
short-term objective is a positive operating profit and profitability
development.
Within the Automotive Business Segment EB focuses in software for cars.
Applications include in-car software platforms and communications protocols,
user interface solutions, navigation software and software development
environments. Our main customers include leading car manufacturers, car
electronics suppliers and chipset suppliers for the automotive industry. In
addition to R&D services and software products, EB offers customized solutions
utilizing product platforms and expertise in technology and integration. During
the next few years EB aims to develop its business model to become more software
products driven which will make EB's net sales more directly dependent on car
production volumes. In the Automotive Business Segment the objective is to
increase the net sales at least at the same pace with the automotive software
market growth.
Within the Wireless Business Segment EB offers customized device and network
infrastructure solutions, technology platforms, R&D services, and test tools for
radio channel environments. EB also offers its customers EB-designed devices by
utilizing manufacturing partners. Customers include mobile phone and network
equipment manufacturers, satellite and mobile phone network operators, defence
and security industry and authorities and chipset manufacturers. EB's offering
to its customers and EB's competitiveness are based on strong and broad
expertise in radio technology, embedded software solutions, electronics and
product integration. In the Wireless Business Segment the objective is to
gradually increase the net sales during the next few years.
EB will continue its focused R&D investments in the Automotive and Wireless
Business Segments. EB will further develop partnerships and identify M&A
opportunities that will increase the company's competitiveness and broaden the
market opportunities.
Oulu, February 17, 2011
EB, Elektrobit Corporation
Board of Directors
Further information:
Jukka Harju
CEO
Tel. + 358 40 344 5466
Distribution:
NASDAQ OMX Helsinki Ltd
Major media
EB, Elektrobit Corporation
EB creates advanced technology and turns it into enriching end-user experiences.
EB is specialized in demanding embedded software and hardware solutions for
wireless and automotive industries. The net sales for the year 2010 totaled MEUR
161.8. Elektrobit Corporation is listed on NASDAQ OMX
Helsinki.www.elektrobit.com
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originality of the information contained therein.
Source: Elektrobit Oyj via Thomson Reuters ONE
[HUG#1489930]
Unternehmensinformation / Kurzprofil:
Datum: 17.02.2011 - 07:04 Uhr
Sprache: Deutsch
News-ID 51604
Anzahl Zeichen: 4350
contact information:
Town:
Oulu
Kategorie:
Business News
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