(ADPnews) - Oct 21, 2010 - Finnish silicon wafer maker Okmetic Oyj (HEL:OKM1V) on Wednesday said it expects to report net sales of around EUR 80 million (USD 110.6m) for the whole 2010, compared with the previous forecast for EUR 75 million or slightly more.
In addition, the company projects its operating profit to reach 12-14% of the net sales for 2010, rather than the previously expected 10%.
Okmetic revised its 2010 financial outlook based on its order book. The company noted that it anticipates to meet the revised guidance if the current favourable market situation remains unchanged. It also pointed out that usually silicon wafer demand slows down in the fourth quarter.