PERLOS CORPORATION STOCK EXCHANGE RELEASE SEPTEMBER 29, 2006 at 11.05 A.M.
BenQ announced yesterday that its German subsidiary BenQ Mobile GmbH & CO OHG is considering filing for insolvency protection. The company also announced that other subsidiaries in Brazil and other locations are reviewing their financial position. According to the announcement BenQ will continue its mobile phone manufacturing operations in Asia. BenQ is a significant customer to Perlos and a major part of the sales is to BenQ Mobile GmbH & Co OHG. Perlos estimates that the risk exposure regarding account receivables and inventories originating from the business with the German subsidiary amounts to approximately EUR 30 million.
Investigations regarding other risks related to the business relationship are ongoing. Perlos has initiated actions to limit the risks and it will start investigations for adjusting operations.
Perlos' expected sales to BenQ Mobile GmbH & Co OHG during the fourth quarter amounted to in excess of EUR 20 million.
Perlos aims to publish further information at the latest by October 26, 2006, in conjunction with the publishing of the third quarter interim results.
PERLOS CORPORATION Isto Hantila President and CEO
Further information on September 29, 2006 at 11.05 - 12.00 a.m. Finnish time: - Isto Hantila, President and CEO, tel. +358 9 2500 7200, - Jari Laaninen, Vice President, Treasure and Investor Relations, tel. +358 9 2500 7326
PERLOS IN BRIEF Perlos Corporation is a global design and manufacturing partner for the telecommunications and healthcare industries. The service offering covers the whole product life cycle from industrial design to manufacturing, logistics and new product versions. The production facilities are located in Asia, Europe and the Americas and the company is headquartered in Finland. In 2005, Perlos Corporation's net sales amounted to EUR 666,8 million and the company employed over 14,000 people worldwide at the end of June, 2006. Perlos share (POS1V) is traded on the Helsinki Stock Exchange.
DISTRIBUTION Helsinki Stock Exchange Media www.perlos.com
Viðskiptablaðið er 25 ára og af því tilefni býðst nýjum áskrifendum að kaupa áskrift á 50% afslætti.
Afmælisverðið er aðeins 2.500 krónur.
Tilboðið er fyrir nýja áskrifendur. Núverandi áskrifendur geta bætt við sig áskrift á þessu verði. Gildir í 4 mánuði. Áskrifendur fá Viðskiptablaðið, Frjálsa verslun og Fiskifréttir sent ásamt vefaðgangi að vb.is og fiskifrettir.is