FINISHING AND ASSEMBLY OF POLE AND FLOORBALL PRODUCTS TO BE TRANSFERRED TO CHINA DURING 2006: PERSONNEL NEGOTIATIONS TO BEGIN AT MÄNTYHARJU FACTORY. EXEL PRELIMINARY RESULT FOR 2005 CLOSE TO FORECASTED
EXEL OYJ STOCK EXCHANGE RELEASE 25.1.2006 at 15.40 FINISHING AND ASSEMBLY OF POLE AND FLOORBALL PRODUCTS TO BE TRANSFERRED TO CHINA DURING 2006: PERSONNEL NEGOTIATIONS TO BEGIN AT MÄNTYHARJU FACTORY EXEL PRELIMINARY RESULT FOR 2005 CLOSE TO FORECASTED Summary: - The Sport Division is responding to increased competition by transferring finishing and assembly of pole and floorball products to China; personnel negotiations will begin at the Mäntyharju factory affecting approximately 60-70 workplaces - Net sales for 2005 (preliminary) rose to EUR 91.3 million, up 8.8 per cent on the previous