Vacon Plc Financial Statement Bulletin 1 January - 31 December 2011

Vacon Plc, Stock Exchange Release, 2 February 2012 at 9.30 am

In this stock exchange release Vacon is publishing information that has a
significant impact on securities included in the financial statements. The full
financial statements are in the appendix to this release and can be downloaded
from the company´s website in English at www.vacon.com and in Finnish at
www.vacon.fi.

October-December summary:

* Order intake totalled MEUR 76.9 million, a decline of 6.7 % from the
corresponding period in the previous year (MEUR 82.4).
* Revenues totalled MEUR 87.6, which was 15.1 % down on the previous year
(MEUR 103.2).
* Operating profit was MEUR -3.9, or -4.4 % of revenues, a decline of 142.5 %
(MEUR 9.1 and 8.8 %).
* Operating profit excluding one-time items was MEUR 5.7 and 6.5 % of revenues
(MEUR 12.6 and 12.2 %). One-time items totalling MEUR 9.6 comprise an
overdue receivable from one of Vacon´s solar energy customers and
compensation that the court sentenced Vacon´s company in China to pay.
* Net cash flow from operating activities was MEUR 6.2 (MEUR 1.6).
* Earnings per share were EUR -0.18 (EUR 0.46), a decline of 139.7 %.

January-December summary:

* Order intake totalled MEUR 365.3, growth of 2.0 % from the corresponding
period in the previous year (MEUR 358.2).
* Revenues totalled MEUR 380.9, an increase of 12.7 % (MEUR 338.0).
* Operating profit was MEUR 24.7, or 6.5 % of revenues, a decline of 13.4 %
(MEUR 28.6 and 8.5 %).
* Operating profit excluding one-time items was MEUR 34.8, or 9.1 % of
revenues (MEUR 32.4 and 9.6 %). One-time items totalling MEUR 10.1 comprise
an overdue receivable from one of Vacon´s solar energy customers and
compensation that the court sentenced Vacon´s company in China to pay.
* Net cash flow from operating activities was MEUR 26.8 (MEUR 15.9).
* Earnings per share were EUR 1.10 (EUR 1.22), a decline of 9.3 %.
* The Board of Directors proposes to the Annual General Meeting of
Shareholders that a dividend of EUR 0.90 per share be paid from the profit
in 2011.

Key indicators

+-----------------------------------------+----------+----------+---------+
|MEUR |10-12/2011|10-12/2010|Change, %|
+-----------------------------------------+----------+----------+---------+
|Order intake |76.9 |82.4 |-6.7 % |
+-----------------------------------------+----------+----------+---------+
|Revenues |87.6 |103.2 |-15.1 % |
+-----------------------------------------+----------+----------+---------+
|Operating profit |-3.9 |9.1 |-142.5 % |
+-----------------------------------------+----------+----------+---------+
|% of revenues |-4.4 % |8.8 % |  |
+-----------------------------------------+----------+----------+---------+