Elcoteq SE's Interim Report January-June 2011 (unaudited)

| Source: Elcoteq Elcoteq 

Elcoteq SE
Stock Exchange Release
August 31, 2011, at 9.00 am (EET)


Interim Report April-June 2011 in brief

  * Operating result affected by one off write downs.
  * As the Company has not at the moment adequate financing available to run
    its' operations in the future, the Company has discontinued to adopt the
    going concern basis in preparing its' consolidated financial statements.
  * The decline in net sales of the EMS Business Segment compared to the last
    year at Q2 was caused by TV sales peak due to Football World Championship
    and Sharp KIN phone production peak at Q2 in 2010.
  * The decline in net sales of AMS Business Segment sales was mainly due to
    reduction of volumes by the Company's main AMS customer in Mexico.
  * Company has no visibility for the outlook for the rest of the year due
    actions taken by its' lenders and consecutive reactions by suppliers and
    customers.



+-----------------------------+-------+-------+----------+----------+----------+
|Key figures                  |Q2/2011|Q2/2010|Q1-Q2/2011|Q1-Q2/2010|Q1-Q4/2010|
+-----------------------------+-------+-------+----------+----------+----------+
|Net sales, MEUR              |175.7  |332.3  |367.2     |552.9     |1069.9    |
+-----------------------------+-------+-------+----------+----------+----------+
|Operating result, MEUR       |-37.8  |-6.9   |-48.9     |-19.8     |-18.1     |
+-----------------------------+-------+-------+----------+----------+----------+
|Result before taxes, MEUR    |-45.3  |-1.7   |-66.2     |61.3      |43.7      |
+-----------------------------+-------+-------+----------+----------+----------+
|Earnings per share, MEUR     |-1.93  |-0.18  |-2.55     |1.05      |0.45      |
+-----------------------------+-------+-------+----------+----------+----------+
|Cash flow after investing    |       |       |          |          |          |
|activities, MEUR             |-12.3  |5.3    |-24.5     |-18.0     |39.3      |
+-----------------------------+-------+-------+----------+----------+----------+
|Rolling 12-month return on   |       |       |          |          |          |
|capital employed at end of   |-25.4  |16.8   |-25.4     |16.8      |30.4      |
|period, ROCE, %              |       |       |          |          |          |
+-----------------------------+-------+-------+----------+----------+----------+
|Interest-bearing net debt at |       |       |          |          |          |
|end of period                |36.4   |76.3   |36.4      |76.3      |12.6      |
+-----------------------------+-------+-------+----------+----------+----------+
|                             |       |       |          |          |          |
|Gearing at end of period     |2.0    |0.7    |2.0       |0.7       |0.1       |
+-----------------------------+-------+-------+----------+----------+----------+
|Solvency at end of period, % |       |       |          |          |          |
|                             |6.3    |18.7   |6.3       |18.7      |20.8      |
+-----------------------------+-------+-------+----------+----------+----------+


Elcoteq's Chairman of the Board, Mr. Jorma Vanhanen:

"The second quarter of 2011 was a challenging period for Elcoteq. Operating
result was negative as sales continued to decline from the first quarter. Sales
decline was resulting from existing customers being extremely careful for
outsourcing production to Elcoteq as the customers were concerned about the
financial situation of the company. Due to the situation it was also extremely
difficult to make new customer deals during the quarter."

Outlook

Elcoteq has no visibility for the outlook for the rest of the year due actions
taken by its' lenders and consecutive reactions by suppliers and customers.

New disclosure policy

Elcoteq SE follows the new disclosure procedure initiated by the Finnish
Financial Supervisor
Authority (Standard 5.2b). The Financial Statement Bulletin is published as a
PDF attachment to this stock exchange release. It is also available on the
company's website (www.elcoteq.com).

Financial Information 2011

The interim report of January-September will be published on October 26, 2011.



Further information:

Jorma Vanhanen, Chairman of the Board, tel. +358 10 413 11
Olli-Pekka Vanhanen, Senior Vice President, Business Control and Accounting,
tel. + 358 10 413 11


About Elcoteq

Elcoteq SE is an experienced Life Cycle Service Partner in electronics with a
global network of service centers. Elcoteq provides a wide range of services to
original equipment manufacturers (OEM) and to service providers such as
operators, retailers and insurance companies.

Elcoteq's Electronics Manufacturing Services (EMS) Business Segment provides
global supply chain solutions such as Engineering and Manufacturing Services but
also technology and component Sourcing, custom Configuration, Testing, Delivery
and other product supply related Services. EMS products range from control and
security, communications infrastructure and lighting solutions to special
purpose mobile devices and home entertainment systems.

Elcoteq's After Market Services (AMS) Business Segment provides globally reverse
supply chain solutions for its customers consisting of Reverse Logistics, Depot
Repair, Refurbishment, Recycling and Salvaging Services as well as AMS specific
Engineering and Customer Support Services. AMS products range from mobile
phones, tablets, flat panel TV's and set-top boxes to personal navigation and
gaming devices.

Elcoteq SE is listed on the NASDAQ OMX Helsinki Ltd.  For more information visit
the Elcoteq website at www.elcoteq.com


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