Componenta revises guidance for the year 2017

Componenta Corporation Stock Exchange Release on 13 July 2017 at 17.25

Componenta revises its guidance for 2017. The company expects continued operations excluding Componenta Wirsbo AB and Componenta Arvika AB to have net sales of EUR 110 - 130 million in 2017. Corresponding EBITDA excluding items affecting comparability is expected to be EUR 4 - 6 million. In 2016 corresponding comparable net sales was some EUR 122 million and EBITDA EUR 0.8 million.

The previous guidance issued on 16 May 2017 Componenta expected continued operations for 2017 to have net sales of EUR 150 - 170 million in 2017. EBITDA excluding items affecting comparability was expected to be EUR 5 - 10 million.

After Componenta Wirsbo AB and Componenta Arvika AB have been filed for bankruptcy, Componenta’s continued business operations are the foundry operations in Finland in Pori and Karkkila, and in Sweden the machine shop in Främmestad.

Helsinki, 13 July 2017

 

COMPONENTA CORPORATION

Harri Suutari
President and CEO

For further information, please contact:
Harri Suutari
President and CEO
tel. +358 10 403 2200

Marko Karppinen
CFO
tel. +358 10 403 2101


Componenta is an international technology company. Componenta specializes in supplying cast and machined components to its global customers, who are manufacturers of vehicles, machines and equipment. The company’s share is listed on Nasdaq Helsinki.