Vacon reduces its guidance for 2014

Vacon Plc, Stock Exchange Release, 12 September 2014 at 8.29 a.m. (EET)

Vacon reduces its guidance for 2014 and now estimates that its revenues and operating profit percentage excluding one-time items will increase from the corresponding period in 2013. Revenues in 2013 totalled EUR 403.0 million and the operating profit percentage excluding one-time items was 10.1%.

Previously, Vacon estimated that its revenues will increase 5-15% and its operating profit percentage excluding one-time items will be 11-13% in 2014.

The main reason for revising the guidance is the increasing risks related to revenue growth. The company's expectations regarding order intake have weakened for the rest of the year.

Revising the guidance for 2014 will not have an effect on Vacon's long-term financial targets. Vacon will publish its interim report for 1 January-30 September 2014 on 22 October 2014.

VACON PLC

Further information:

Vacon in brief

Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 30 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2013, Vacon's revenues amounted to EUR 403.0 million, and the company employed globally approximately 1,600 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).

Driven by Drives, www.vacon.com

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