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2009-12-21 08:30:00 CET 2009-12-21 08:30:30 CET REGULATED INFORMATION Ruukki Group Oyj - Company AnnouncementPROFIT WARNING: RUUKKI GROUP CHANGES ITS FINANCIAL YEAR 2009 EBITDA GUIDANCE, EXPENSES RELATED TO INTENDED LISTING ON LONDON STOCK EXCHANGE DECREASING PROFITABILITYRuukki Group Plc, Stock Exchange Release, 21 December 2009 at 9:30 a.m. PROFIT WARNING: RUUKKI GROUP CHANGES ITS FINANCIAL YEAR 2009 EBITDA GUIDANCE, EXPENSES RELATED TO INTENDED LISTING ON LONDON STOCK EXCHANGE DECREASING PROFITABILITY Ruukki Group Plc's Board of Directors has decided to change the financial year 2009 EBITDA guidance for the Consolidated Group from EUR 10.0 million to EUR 6.5 million. Ruukki Group Plc's Board has, during the fourth quarter, started preparations targeting to list the Company's shares on the Main Market of the London Stock Exchange during the first half of 2010. It is estimated that the Group will recognise a total of EUR 2.0 million of listing expenses during 2009, to main extent arising from the financial information related work streams of the listing process. Moreover, based on the current market circumstances both Minerals and Wood Processing segments' EBITDAs are expected to be slightly below their earlier guidance with the Wood Processing segment EBITDA expected at close to EUR 7.0 million and Minerals segment EBITDA being about EUR 9.0 million. RUUKKI GROUP PLC Alwyn Smit Chief Executive Officer Ruukki Group is an industrial group focusing on minerals and wood processing businesses. Ruukki Group Plc's shares are listed on NASDAQ OMX Helsinki and traded in the mid cap segment, in the industrials sector. For additional information, please contact: Alwyn Smit Chief Executive Officer Ruukki Group Plc Telephone +41 7960 19094 www.ruukkigroup.fi This stock exchange release is based on a translation into English of a document written in Finnish. In case of any discrepancies, inconsistencies or inaccuracies, the Finnish version of the release shall prevail. |
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