The Disciplinary Committee of the Helsinki Stock Exchange has decided to issue Benefon Oyj a disciplinary fine of EUR 20,000 for the violation of the regulations regarding the disclosure obligation.
On October 26, 2005, Benefon Oyj released its result and turnover forecast for 2006. According to the estimate, the turnover from the accounting year 2006 was expected to be approximately EUR 66.5 million and the net result EUR 7.5 million. The starting of the sales of a new product during the first quarter of 2006 and related distribution and production agreements formed the basis of the estimate.

The majority of the company’s estimated turnover and result were intended to be reached with the new product. The company stated that the estimates are based on assumptions and they include uncertainties. The company added reservations to the estimate concerning funding, personnel stability, growth management and ability to cope with mobile communication changes and trends.

The...