Company Profile For Salcomp Oyj

Salcomp Oyj (SAL1V.HE) (Helsinki Stock Exchange)

sector: Technology · industry: Communications Equipment ·

As of 26 Nov 2009

1.82EUR

Price Change

-0.02

Percent Change

-1.09%

Analyst Recommendations

Overview

Salcomp Oyj (Salcomp Plc) is a Finland-based company engaged in the development, manufacture and marketing of chargers for mobile phone manufacturers. It manufactures chargers for mobile phones and other hand-held devices, such as cordless fixed-line phones and Bluetooth headsets, as well as moving picture experts group layer-3 audio (MP3) players. The Company specializes in switch mode chargers. Its current switch mode charger range comprises four different product platforms: Eagle, Robin, Mini and Cosmo. The Company’s production plants are located in Shenzhen, China; Manaus, Brazil, and Chennai, India. In addition to these locations, it has operations in Salo, Finland; in Leesburg, the United States and Sao Paolo, Brazil.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Salcomp Oyj's net sales decreased 17% to EUR176.8M. Net income for the period increased 2% to EUR2.9M. Net sales reflects decreased demand for the Company's products and services due to unfavorable market conditions. Net income for the period benefited from decreased administrative expenses and lower research and development costs, as well as a lower loss from net financial items.