Efore: Move to EMS should provide more flexibility
Finnish Efore, working with demanding power electronics, reached break even. The company still finds the results disappointing.The net sales for Q2 totalled EUR 23.7 million EUR 22.5 million, up 5.3 % compared with the corresponding period last year.
Results from operating activities without one-time items resulted in break-even – EUR 0.0 million EUR -0.4 million – Quarter 2 results were a slight disappointment due to higher material- and labor costs, higher than anticipated, CEO Heikki Viika said in an interview following the report.The company, during the quarter, moved some of the PCB-production to an EMS-partner. ”The transfer of PCB assembly to EMS partner has been concluded as originally planned. Direct cost savings were not achieved as planned but flexibility increased with this operations model and avoiding direct investments creates a good basis to respond changing market demands in the future”, the company writes.