NEO INDUSTRIAL PLC STOCK EXCHANGE RELEASE January 27 2012 at 9.00 am
NEO INDUSTRIAL’S FINANCIAL YEAR 2011:
CABLE SEGMENT’S REVENUE WILL GROW, OPERATING PROFIT WILL REMAIN BELOW EXPECTATIONS
Neo Industrial’s Cable segment’s revenue will grow, operating profit for 2011 will remain below expectations. The operating profit will remain below earlier estimates due to write-offs in Russia and the weaker than expected sales during December in Finland.
Earlier Neo Industrial has estimated Cable segment’s operating profit to turn positive during the last quarter of the year.
Neo Industrial will publish its financial statement review for 2011on February 17, 2012.
Neo Industrial Plc
Markku E. Rentto
Managing Director
For further information, please contact:
Managing Director Markku E. Rentto, tel. +358 207 209 191
Neo Industrial's strategy is to invest mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought through both dividend flow and an increase in value. Neo Industrial's class B shares are listed on the NASDAQ OMX Helsinki Stock Exchange.
Neo Industrial's business segments are Cable (Reka Cables, Expokabel, Nestor Cables), Viscose Fibers (Avilon) and Single Family Housing (Finndomo).