Atnaujinta: 2024.11.23 00:59 (GMT+2)

EKR: Ekranas AB will explore the recovering European electronics market

2005.10.28, Ekranas, VLN
EKRANAS AB                 Stock Exchange Release                 28/10/2005

Ekranas AB will explore the recovering European electronics market

International Consumer Electronics Trade Fair “IFA 2005“ that took place in
Berlin in the beginning of September, as forecasted, became a strong stimulus
for the recovering of electronics market.

According to the Chairman of the Board and CEO of Ekranas AB Eimutis Žvybas,
three technological lines are currently working in the company producing
picture tubes. Forecasts are made that market buoyancy tendencies will keep up
in 2006 as well, therefore next year Ekranas AB hopes to work on four technological
lines.

Last year 41.9 mill. color picture tubes (CPTs) have been produced in Europe,
whereas new products from the technological point of view such as LCD, plasma
and projection TVs comprised only about 3,5 mill. pieces or 12 times less than
CPTs (source: EECA Market Report, Summer 2005). These tendencies show that
vacuum tubes is a technology holding a firm leading position in the television
manufacturing industry.

Price and quality ratio of conventional tubes, reliability and effective functioning
time exceeds adequate parameters of new technology products.

Therefore it has been announced in the EECA (European Electronic Component
Manufacturers Association) Report that CPT is a durable product even in the
European market where new technologies are usually rapidly implemented.

In the meantime the demand for CPT increased and the shortage of CPT appears
in European market. Due to increased demand and shortage of CPT the important
price increase has appeared in the market. Ekranas AB also follows this tendency a
nd will increase the selling prices in the fourth quarter 2005. According to
the world and European market commentary a new sales price increase tendency
is expected in the first quarter y. 2006.

It is evidential the orders received by the company for the fourth quarter 2005
increased by 43 % compared to the third quarter 2005.


Although Ekranas AB sustained 60.7 mill. LTL (17.6 mill. EUR) loss during the
three quarters of this year and reached the turnover of 228,6 mill. LTL
66.2 mill. EUR), the recovering electronics market allows to forecast better
results for the fourth quarter 2005 and the year 2006.

Angelija Zokaitienė
Director of REKLAMOS POREIKIS UAB
Phone: + 370 699 88330.


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