Aspocomp's business has been presented in line with IFRS standards, divided into continuing operations, as well as divested and discontinued operations. Continuing operations comprise Aspocomp Oulu Oy and the parent company Aspocomp Group Plc. These operations form one business segment.

Highlights:

• Net sales: EUR 8.9 million (EUR 16.3 million 1-9/2008).
• Operating profit before depreciation (EBITDA): EUR -1.2 million (1.7).
• Operating profit (EBIT): EUR -2.1 million (0.5).
• Earnings per share (EPS) from continuing operations: EUR -0.05 (-0.02).
• Earnings per share (EPS) from divested and discontinued operations: EUR 0.00 (-0.02).
• Cash flow from operations: EUR 0.6 million (-3.5).

"The market still remained challenging. Oulu plant's result stayed on red, but improved from the second quarter of the year. Group's result was weakened by one-time, unexpected pension costs and provisions amounting to EUR 0.3 million," said Sami Holopainen, President and CEO.

"Cash flow after investments barely remained positive," Holopainen continued. "The market is estimated to slightly improve and the operating result of the fourth quarter is expected to be positive. However, the full year 2009 EBITDA will be negative."

Holopainen concluded, "The Suzhou, China plant (MAS) of the joint venture Meadville Aspocomp (BVI) Holdings Ltd. still runs at a low capacity utilization level. It is expected that there will be gradual improvement of both export and local sales in the later part of year 2009. The India plant project remains on hold until further notice."

The Group's Business Activities

Aspocomp Oulu Oy manufactures and sells PCBs for telecom, industrial and automotive electronics applications. Its service portfolio includes prototype and quick-turn deliveries, fulfillment of urgent PCB needs in high-volume operations as well as development and commercialization of new technologies. Aspocomp Oulu's primary technologies are HDI, multilayer and special material PCBs.

The figures of Aspocomp Oulu Oy and the parent company Aspocomp Group Plc. are consolidated in the Group's profit and loss statement.