Ruukki Group Oyj - Financial Statement Release

RUUKKI GROUP PLC'S FINANCIAL STATEMENTS REVIEW FOR 1 JANUARY - 31 DECEMBER 2012

07:00 London, 09:00 Helsinki, 12 February 2013 - Ruukki Group Plc ("Ruukki" or"the Company") (LSE: RKKI, OMX: RUG1V) Financial Statements Review

RUUKKI GROUP PLC'S FINANCIAL STATEMENTS REVIEW FOR 1 JANUARY - 31 DECEMBER 2012

FULL YEAR HIGHLIGHTS (January-December 2012):

- EBITDA improved significantly and was EUR 10.9 (FY/2011: 1.4) million. EBITDA
margin was 8.3% (FY/2011: 0.9%)
- EBIT was EUR -15.9 (FY/2011: -26.5) million
- Profit for the period from continuing operations totalled EUR -18.1 (FY/2011:
-18.4) million
- Full year production decreased by 18.6% to 288,095 tonnes (FY/2011: 353,962
tonnes)
- Revenue decreased by 18.0% to EUR 130.4 (FY/2011: 159.1) million
- Sales from processed products decreased by 37.9% to 66,449 (FY/2011: 106,955)
tonnes
- Cash flow from operations was EUR 5.8 (FY/2011: -2.4) million

Q4 HIGHLIGHTS (October-December 2012):

- EBITDA was EUR 6.0 (Q4/2011: -1.1) million and the EBITDA margin was 24.8%
(Q4/2011: -2.9%)
- EBIT was EUR -0.2 (Q4/2011: -8.0) million
- Profit for continuing operations totalled EUR -7.6 (Q4/2011: -4.9) million
- Sales from processed products decreased by 53.7% to 10,014 (Q4/2011: 21,650)
tonnes
- Revenue decreased by 35.0% to EUR 24.3 (Q4/2011: 37.3) million
- Production decreased by 30.6% to 60,329 (Q4/2011: 86,903) tonnes
- Cash flow from operations was EUR -6.1 (Q4/2011: 5.0) million and liquid funds
at 31 December were
 EUR 14.8 (31 December 2011: 65.9) (30 September 2012: 40.4) million
- Dispute regarding Mogale Alloys settled in October

Dividend proposal

The Board of Directors proposes to the Annual General Meeting which will be held
on 8 May 2013 that no dividend would be distributed but that a capital
redemption of EUR 0.01 per share would be paid out of the paid-up unrestricted
equity fund.
                                  +------+             +------+
KEY FIGURES (EUR million)         | Q4/12| Q4/11 Change|FY2012|FY2011 Change
----------------------------------+------+-------------+------+-------------
Revenue                           |  24.3|  37.3 -35.0%| 130.4| 159.1 -18.0%
----------------------------------+------+-------------+------+-------------
EBITDA                            |   6.0|  -1.1       |  10.9|   1.4 675.6%
                                  |      |             |      |
EBITDA margin                     | 24.8%| -2.9%       |  8.3%|  0.9%
----------------------------------+------+-------------+------+-------------
EBIT                              |  -0.2|  -8.0       | -15.9| -26.5
                                  |      |             |      |
EBIT margin                       | -0.9%|-21.3%       |-12.2%|-16.6%
----------------------------------+------+-------------+------+-------------
Earnings before taxes             |  -5.4|  -7.2       | -19.8| -25.4
                                  |      |             |      |
Earnings margin                   |-22.2%|-19.4%       |-15.2%|-16.0%
----------------------------------+------+-------------+------+-------------
Profit for continuing operations  |  -7.6|  -4.9       | -18.1| -18.4
                                  |      |             |      |
Profit for discontinued operations|   0.0|  -5.8       |   0.0|  41.1
                                  |      |             |      |
Profit                            |  -7.6| -10.7       | -18.1|  22.7
                                  |      |             |      |
Earnings per share, basic, EUR    | -0.03| -0.04       | -0.07|  0.10
----------------------------------+------+-------------+------+-------------

Continuing operations include the Speciality Alloys and the FerroAlloys business
segments and unallocated items that consist of Group headquarters and other
Group companies, which do not have significant business operations. Discontinued
operations include the house building, pallet and sawmill businesses which were
divested in 2011.

Commenting on the full year and fourth quarter results, Danko Koncar, CEO, said:"During my over 20 years in the ferrochrome industry I have never experienced a
market as difficult to predict as 2012. In general it has been very tough
environment with not much to cheer about. Early in the year there were some
positive signals but after the seasonally weak European summer there was no
recovery which many of us had hoped for.

At Ruukki we already in 2011 took the decision to trim our costs and increase
efficiencies. Throughout 2012 we have executed our plan successfully. Our 2012
results, especially our performance in the most recent quarter, show that even
in a deteriorating market we improved our profitability. The whole year was with
a wide margin our best year ever since entering into mining and metals business
in 2008.

Unfortunately we cannot trust the market to give us tailwind in 2013. Therefore
we in late 2012 made a plan to significantly restructure our organisation and
the way we work. Our focus is on generating cash and on increasing profits
independently of market movements.

We expect a further significant increase of EBITDA in 2013. This will be
achieved with our continuous focus on value added speciality products, a lower
cost base and ongoing improvements across all our operations.

In the longer term I trust ferrochrome, especially the speciality and super
alloys segment, to be a good market to be in. Ruukki is evaluating multiple
initiatives which will strengthen our position in this market and will provide
us with growth opportunities."

2013 outlook

The global economic outlook continues to be uncertain in 2013 as the Eurozone
crisis continues and demand for commodities, primarily driven by Chinese
consumption, remains weak. The ferroalloy market is expected to continue to be
volatile during the year. The Group is preparing for significant price
fluctuations and will continue to adapt its production levels accordingly. At
Mogale Alloys, part of the FerroAlloys division, the decision has been taken to
participate in Eskom's electricity buyback program until the end of first
quarter 2013. Company is also continuing its cost saving initiatives and
restructuring of functions and this is expected to bring material costs savings
in 2013 compared to previous financial year. In light of this the Group expects
its financial performance for the full year 2013 to significantly improve
compared to 2012.

Fluctuations of exchange rates between the Euro, the South African Rand, the
Turkish Lira and the US Dollar can significantly impact the Company's financial
performance.

Disclosure procedure

Ruukki follows the disclosure procedure enabled by Standard 5.2b published by
the Finnish Financial Supervision Authority, and hereby publishes its Financial
Statements Review for 2012 enclosed to this stock exchange release. The
Financial Statements Review is attached to this release and is also available on
the Company's website at www.ruukkigroup.com.

Financial Statements, Corporate Governance Statement and Remuneration Report

The Company's complete Financial Statements, the Board of Directors Report, the
Corporate Governance Statement and the Remuneration Report for 2012 will be
published during the week commencing 25 March 2013 and will be available on the
Company's website at www.ruukkigroup.com and at the Company's offices.


RUUKKI GROUP PLC
Danko Koncar
CEO


For additional information, please contact:

Ruukki Group Plc

Kalle Lehtonen, General Manager: Finance, +358 (0)400 539 968,
kalle.lehtonen@ruukkigroup.com
Markus Kivimäki, General Manager: Corporate Affairs, +358 (0)50 3495 687,
markus.kivimaki@ruukkigroup.com

Investec Bank Plc
Neil Elliot, +44 (0)20 7597 5970, neil.elliot@investec.co.uk
George Price, +44 (0)20 7597 5970, george.price@investec.co.uk

Financial reports and other investor information are available on the Company's
website: www.ruukkigroup.com.

Ruukki Group is a chrome mining and minerals producer focused on delivering
sustainable growth with a speciality alloys business in southern Europe and a
ferro alloys business in southern Africa. The Company is listed on NASDAQ OMX
Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
www.ruukkigroup.com

Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.ruukkigroup.com


[HUG#1677281]

Attachments:

Financial_Statements_Review.pdf