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Elcoteq SE (HEL:ELQ1V) Elcoteq SE Stock Exchange Release November 5, 2008, at 9.00 am (EET)
CORRECTION TO THE INFORMATION IN THE MARKET
Incorrect and harmful information about Elcoteq SE has been spread to the market by a certain brokerage. The information concerns Elcoteq's inventory level and its impact on company's financial situation. The information spread by the brokerage is completely contrary to the information company's management announced in connection with the interim report on October 23, 2008.
The company has been in contact with Financial Supervision Authority and asked them to investigate the matter. The company has also asked the brokerage to correct the false information that is harmful to the company and its shareholders.
ELCOTEQ SE
Jouni Hartikainen President and CEO
Further information: Mikko Puolakka, CFO, tel. +41 79 618 0302
About Elcoteq Elcoteq SE is a leading electronics manufacturing services (EMS) company in the communications technology field. Elcoteq's global service offering covers the entire lifecycle of products, from product development to after market services. By further combining mechanics expertise into its service offering, Elcoteq's vision is to be a leading integrated electronics manufacturing services (IEMS) company. Elcoteq provides global end-to-end solutions consisting of product development services, supply chain management, NPI, manufacturing, and after market services for the whole lifecycle of its customers' products. These products include Personal Communications products such as mobile phones and their parts, Home Communications products such as set-top boxes and electronics for flat panel TVs as well as Communications Networks products such as base-stations, tower-top amplifiers, and microwave systems.
Elcoteq operates in 15 countries on four continents and employs some 21,000 people. The Group's consolidated net sales for 2007 totaled 4.0 billion euros. Elcoteq SE is listed on the Nasdaq OMX Helsinki Ltd. For more information visit the Elcoteq website at www.elcoteq.com.
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
