May 24, 2016 / 12:16 PM / a year ago

BRIEF-Efore lowers 2016 earnings forecast

May 24 (Reuters) - Efore Oyj :

* Lowers its financial estimate for 2016

* Cuts outlook due to lower than forecasted demand during first half of the year and due to challenges in production

* Estimates its net sales of financial year 2016 to be lower than in previous year

* Sees 2016 results from operating activities without one-time items to be negative, but better than in previous year

* Previous financial estimate was: company estimates its net sales of financial year 2016 to be higher than 2015

* Previous financial estimate was: 2016 results from operating activities without one-time items to be positive

* Says target is to finalize outsourcing negotiations during Q3 2016 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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