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Efore Plc (EFO1V.HE)

EFO1V.HE on Helsinki Stock Exchange

0.06EUR
16 Sep 2019
Change (% chg)

€-0.00 (-5.00%)
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Volume
158,840
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167,351
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€0.07
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€0.03

Latest Key Developments (Source: Significant Developments)

Efore H1 Operating Loss Narrows To EUR 2.3 Million
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Efore Plc ::REG-EFORE PLC HALF YEAR FINANCIAL REPORT JANUARY 1 – JUNE 30, 2019.JANUARY - JUNE 2019 NET SALES TOTALLED EUR 34,7 MILLION (EUR 24,6 MILLION).H1 OPERATING LOSS EUR 2.3 MILLION VERSUS LOSS EUR 4.0 MILLION YEAR AGO.NET SALES DEVELOPMENT IN FIRST HALF OF 2019 WAS POSITIVE AND ALSO PROFITABILITY DEVELOPED TO RIGHT DIRECTION - CEO.  Full Article

Efore Agrees On Short-Term Bridge Financing
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Efore Plc ::REG-EFORE HAS AGREED ON A SHORT-TERM BRIDGE FINANCING TO SECURE THE SALES OF TELECOMMUNICATIONS BUSINESS.HAS AGREED ON A SHORT-TERM FINANCING ARRANGEMENT OF EUR 1,0 MILLION WITH JUSSI CAPITAL OY.PURPOSE FOR FINANCING ARRANGEMENT IS TO SECURE POTENTIAL ADDITIONAL WORKING CAPITAL NEED DURING SALES PROCESS AND SECURE SUCCESSFUL COMPLETION OF ACQUISITION.CREDIT ARRANGEMENT HAS BEEN CONDUCTED ON MARKET TERMS..  Full Article

Efore To Sell Telecom Operations To Chinese Kexin
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Efore Plc ::REG-EFORE TO SELL TELECOM OPERATIONS TO CHINESE KEXIN – APPROVING THE OFFER MADE CANCELS PREVIOUS JOINT VENTURE PLANS.SAYS ACCEPTING OFFER DISCONTINUES ONGOING JOINT VENTURE NEGOTIATIONS WITH ANOTHER CHINESE POWER SUPPLY PARTNER.PURCHASE PRICE ON A CASH AND DEBT FREE BASIS (ENTERPRISE VALUE) IS EUR 6,0 MILLION AND ESTIMATED PURCHASE PRICE FOR SHARES IS EUR 3,5 MILLION.PURCHASE PRICE WILL BE PAID IN CASH.ACQUISITION WILL BE CLOSED DURING SECOND HALF OF THIS YEAR.FOLLOWING ACQUISITION 73 EFORE EMPLOYEES IN FINLAND, CHINA AND SWEDEN WILL MOVE TO BUYER AS OLD EMPLOYEES.ACQUISITION COVERS ENTIRE EFORE TELECOMMUNICATIONS BUSINESS INCLUDING CURRENT PRODUCT PORTFOLIO AND EFORE BRAND AND NAME.ACQUISITION, IF REALIZED, IS EXPECTED TO RESULT IN EUR 0-1 MILLION ONETIME CAPITAL LOSS FOR GROUP AND WILL REDUCE EQUITY OF PARENT COMPANY.  Full Article

Efore Negotiations With Chinese Power Supply Partner Take More Time Than Anticipated
Thursday, 28 Mar 2019 

March 28 (Reuters) - Efore Plc ::EFORE NEGOTIATIONS WITH CHINESE POWER SUPPLY PARTNER TAKE MORE TIME THAN ANTICIPATED.NEGOTIATIONS WITH CHINESE PARTNER HAVE PROCEEDED BUT TRANSACTION PLANNING HAS TAKEN MORE TIME THAN ANTICIPATED.GOAL WAS TO IMPLEMENT COOPERATION ARRANGEMENT IN Q1 OF 2019..NEW ENTERPRISE COULD START OPERATIONS DURING SUMMER 2019 AFTER RECEIVING NECESSARY AUTHORITY APPROVALS.  Full Article

Efore H2 Operating Loss Widens To EUR 3.3 Million
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Efore Plc ::H2 NET SALES EUR 27.8 MILLION VERSUS EUR 30.5 MILLION YEAR AGO.H2 OPERATING LOSS EUR 3.3 MILLION VERSUS LOSS EUR 0.9 MILLION YEAR AGO.PROPOSES THAT NO DIVIDEND WILL BE DISTRIBUTED.EFORE - TARGET FOR 2019 IS TO ACHIEVE OVER EUR 70 MILLION NET SALES, CLEARLY POSITIVE EBITDA (ADJUSTED FOR ITEMS AFFECTING COMPARABILITY) AND POSITIVE CASH FLOWS FROM OPERATING ACTIVITIES.  Full Article

Efore Rights Issue Oversubscribed
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Efore Plc ::REG-PRELIMINARY RESULT OF EFORE PLC’S SUCCESSFUL RIGHTS ISSUE.OFFERING IS THUS OVERSUBSCRIBED.ACCORDING TO PRELIMINARY RESULT OF OFFERING, A TOTAL OF 315,627,018 SHARES WERE SUBSCRIBED FOR.A TOTAL OF 387,658,455 SHARES WERE SUBSCRIBED FOR IN OFFERING.SUBSCRIPTION RATE WAS 106.0 PERCENT.  Full Article

Efore Agrees On Short Term Financing Arrangement Of EUR 4.4 Million
Tuesday, 10 Apr 2018 

April 10 (Reuters) - EFORE PLC ::TERM FINANCING ARRANGEMENT AND PLANS RIGHTS OFFERING.PLC HAS AGREED ON A SHORT-TERM FINANCING ARRANGEMENT OF EUR 4,4 MILLION WITH A NUMBER OF COMPANY SHAREHOLDERS.TO PROPOSE TO AN EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS THAT BOARD BE AUTHORIZED TO RESOLVE ON A RIGHTS ISSUE.COMPANY WILL ISSUE A NOTICE OF GENERAL MEETING ON A SEPARATE RELEASE LATER..TARGETED SIZE OF RIGHTS OFFERING IS TOTAL EUR 10-13 MILLION.TARGETED SIZE OF RIGHTS OFFERING IS TOTAL EUR 10-13 MILLION..  Full Article

Efore Initiates A Review Process In Order To Secure Profitability Of Telecom Business And Starts Cooperation Negotiations
Friday, 16 Feb 2018 

Feb 16 (Reuters) - EFORE PLC ::EFORE INITIATES A REVIEW PROCESS IN ORDER TO SECURE PROFITABILITY OF TELECOM BUSINESS AND STARTS COOPERATION NEGOTIATIONS.SAYS POTENTIAL STRUCTURAL CHANGES OF EFORE'S TELECOM BUSINESS WILL ALSO HAVE AN IMPACT ON ENTIRE GROUP PERSONNEL AND FUTURE RESOURCE ALLOCATION..‍AS A PART OF PROCESS AND IMPROVING PROFITABILITY, EFORE COMMENCES COOPERATION PROCEDURE IN FINLAND​.‍POSSIBLE TERMINATIONS OF EMPLOYMENT CONTRACTS OR SHIFTING TO PART-TIME WORK CONCERN MAXIMUM 9 PERSONS​.‍POSSIBLE TEMPORARILY LAY-OFFS MAY LAST MAXIMUM 90 DAYS​.  Full Article

Efore H2 Net Sales EUR ‍30.5​ Million Versus EUR 35.9 Million Year Ago
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - EFORE PLC ::H2 NET SALES EUR ‍30.5​ MILLION VERSUS EUR 35.9 MILLION YEAR AGO.H2 OPERATING LOSS EUR ‍0.9​ MILLION VERSUS LOSS EUR 6.7 MILLION YEAR AGO.‍BOARD OF DIRECTORS PROPOSES THAT NO DIVIDEND WILL BE DISTRIBUTED.​.‍DOES NOT GIVE EARNINGS GUIDANCE FOR 2018​.‍INVESTIGATES DIFFERENT STRUCTURAL ALTERNATIVES TO SECURE LONG-TERM PROFITABILITY OF TELECOM BUSINESS​.  Full Article

Reg-Efore Has Received A Waiver On Breach Of Covenant Of Loan
Wednesday, 14 Feb 2018 

Feb 14 (Reuters) - EFORE PLC ::REG-EFORE HAS RECEIVED A WAIVER ON BREACH OF COVENANT OF LOAN.‍NEXT MEASUREMENT POINT FOR COVENANTS WILL BE JUNE 30, 2018.​.NEXT MEASUREMENT POINT FOR COVENANTS WILL BE JUNE 30, 2018..  Full Article