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Aspocomp Group Plc , Interim Report , April 27 , 2021 at 9:00 a.m. Aspocomp's Interim Report January 1 - March 31 , 2021 : Net sales declined in the challenging market and the operating result remained at the previous year's level Key figures 1-3 / 2021 in brief Net sales EBITDA Operating result % of net sales Earnings per share Operative cash flow Equity ratio Order book at the end of period OUTLOOK FOR 2021 1-3 / 2021 6.2 M € -0.1 M € -0.5 M € -8.0 % -0.07 € -0.1 M € 62.7 % 5.3 M € CEO'S REVIEW 1-3 / 2020 6.7 M € 0.0 M € -0.4 M € -6.3 % -0.07 € 0.4 M € 63.9 % The total may deviate from the sum totals due to rounding up and down . 5.6 M € Change * -7 % -37 % -16 % -2 ppts 0 % -118 % -1 ppts -5 % Demand is expected to improve in all customer segments . However , a global shortage of components may hinder positive developments . The company's full - year guidance remains unchanged . Aspocomp estimates that its net sales for 2021 will increase and its operating result for 2021 will improve from 2020. In 2020 , net sales amounted to EUR 25.6 million and the operating result to EUR -0.1 million . " Demand for PCBs was weak as expected in the first quarter , which is typically the quietest quarter of the year . The net sales for January - March amounted to EUR 6.2 million , a year - on - year decrease of about 7 percent . The decline in net sales was steady in almost all customer segments , with only the Industrial Electronics segment swinging to growth of 22 percent . Customer prospects and purchases clearly picked up towards the end of the quarter , as companies began to prepare for growth in demand when COVID - 19 pandemic restrictions will be eased . The growth expectations of the electronics industry are also reflected in the difficult availability of raw materials and semiconductor components and the significant increase in delivery times . The operating result was EUR 0.5 million in the red , a year - on - year decrease of 16 percent . The weak operating result was affected by the low level of net sales at the beginning of the year , an unfavorable product mix and increased maintenance costs at the Oulu plant due to equipment breakdowns and preventive maintenance . Our earnings performance will recover in step with rising demand and the positive development of the order book . "