OKMETIC OYJ STOCK EXCHANGE RELEASE 20 SEPTEMBER 2012 AT 11.15 A.M.
OKMETIC REVISES ITS GUIDANCE FOR 2012 DOWNWARD
Okmetic revises its estimate on net sales and operating profit for 2012 given on
8 February 2012. The net sales for 2012 are estimated to settle approximately at
the level of 2011. Operating profit is estimated to remain slightly under the
level of 2011. According to the earlier guidance, Okmetic's net sales and
operating profit were estimated to exceed the level of 2011.
The following factors have contributed to the revision of the guidance:
* The technology sales that consist mainly of solar crystal sales are at a
lower level than before and significantly less profitable in the second half
of 2012 due to the lowered price level and termination of the long-term
crystal growing contracts.
* The uncertainty of the global economy has reduced the predictability of the
order backlog for the rest of the year. Customers are lowering their stock
levels and postponing orders partly over the turn of the year.
* The earlier reported disturbance in the production chain of a gas used in
the manufacture of epi-coated wafers in the USA caused a long shutdown in
the Allen production facility, which weakened the operating profit of the
first quarter significantly. Contrary to expectations, this deficit in
operating profit cannot be covered during the rest of the year due to the
weakened demand for epi wafers.
The demand for demanding sensor wafers which are chosen as Okmetic's long-term
strategic focus area will continue to be steady also in the end of the year. The
total sales of silicon wafers manufactured by the company will grow in absolute
terms and clearly faster than the market also in 2012.
OKMETIC OYJ
Kai Seikku
President
For further information, please contact:
President Kai Seikku, Okmetic Oyj,
tel. +358Â 400Â 200 288, email: kai.seikku@okmetic.com
Senior Vice President, Finance, IT, and Communications
Juha Jaatinen, Okmetic Oyj, tel. +358 9 5028 0286,
email: juha.jaatinen@okmetic.com
Distribution:
NASDAQ OMX Helsinki
Principal media
www.okmetic.com
OKMETIC IN BRIEF
Take it higher
Okmetic is a technology company which supplies tailor-made silicon wafers for
sensor and semiconductor industries and sells its technological expertise to the
solar cell industry. Okmetic provides its customers with solutions that boost
their competitiveness and profitability.
Okmetic's silicon wafers are part of a further processing chain that produces
end products that improve human interaction and quality of life. Okmetic's
products are based on high-tech expertise that generates added value for
customers, innovative product development and an extremely efficient production
process.
Okmetic has a global customer base and sales network, production plants in
Finland and the US and contract manufacturers in Japan and China. Okmetic's
shares are listed on NASDAQ OMX Helsinki under the code OKM1V. For more
information on the company, please visit our website at www.okmetic.com.
OKME1512:
http://hugin.info/132025/R/1642366/529055.pdf
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Source: Okmetic Oyj via Thomson Reuters ONE
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