Eltek ASA: Board approves financial statements for 2014

On 24 March 2015, the Board of Directors of Eltek ASA approved the financial statements of Eltek ASA for the financial year 2014.

The Company reported its preliminary and unaudited results for fourth quarter and full year 2014 on 13 February 2015. Compared to the preliminary figures, "Other (losses)/gains - net" in the consolidated income statement has increased by NOK 19.6 million due to estimated increased fees related to the strategic option process leading to the proposed voluntary offer for Eltek. Correspondingly, in the consolidated balance sheet "Total equity" has decreased and "Trade creditors and other payables" has increased by NOK 19.6 million.

The Annual Report for Eltek ASA for the financial year 2014 will be published and made available on the company's website www.eltek.com in April 2015.

For further information, please contact:
Eltek ASA, CFO Björn Wigström, tel: [phone]

About Eltek ASA:

Eltek is a strategic technology partner for power solutions. The company reported revenue of NOK 3.8 billion in 2014, and has approximately 2,400 employees and operations in almost 40 countries. The company focuses on power electronics markets, where it is one of the leaders in telecom power and a growing force within industrial applications. Eltek is also pursuing growth opportunities within the data center market. Eltek is listed on Oslo Stock Exchange (ELT:Oslo) and headquartered in Drammen, Norway.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Eltek ASA via Globenewswire

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