Ruukki Group Oyj - Interim report (Q1 and Q3)

RUUKKI GROUP PLC'S INTERIM REPORT FOR 1 JANUARY - 31 MARCH 2013

07:00 London, 09:00 Helsinki, 8 May 2013 - Ruukki Group Plc ("Ruukki" or "the
Company") (LSE: RKKI, OMX: RUG1V) Interim Report

RUUKKI GROUP PLC'S INTERIM REPORT FOR 1 JANUARY - 31 MARCH 2013

Q1 HIGHLIGHTS (January-March 2013):

- EBITDA was EUR 4.2 (Q1/2012: 3.1) million and the EBITDA margin was 13.2%
(Q1/2012: 6.9%)
- EBIT was EUR -2.1 (Q1/2012: -3.6) million
- Profit for the period totalled EUR 0.0 (Q1/2012: -2.1) million
- Sales from processed products decreased by 54.3% to 14,993 (Q1/2012: 32,814)
tonnes
- Revenue decreased by 30.6% to EUR 31.6 (Q1/2012: 45.6) million
- Production decreased by 10.5% to 81,552 (Q1/2012: 91,167) tonnes
- Cash flow from operations was EUR 8.1 (Q1/2012: 1.4) million and liquid funds
at 31 March were
 EUR 17.5 (31 December 2012: 14.2) (31 March 2012: 63.3) million

                              +-----+            +------+
KEY FIGURES (EUR million)     |Q1/13|Q1/12 Change|FY2012|
------------------------------+-----+------------+------+
Revenue                       | 31.6| 45.6 -30.6%| 128.6|
------------------------------+-----+------------+------+
EBITDA                        |  4.2|  3.1  32.6%|   9.2|
                              |     |            |      |
EBITDA margin                 |13.2%| 6.9%       |  7.2%|
------------------------------+-----+------------+------+
EBIT                          | -2.1| -3.6       | -16.8|
                              |     |            |      |
EBIT margin                   |-6.5%|-7.9%       |-13.0%|
------------------------------+-----+------------+------+
Earnings before taxes         | -2.7| -2.1       | -19.6|
                              |     |            |      |
Earnings margin               |-8.7%|-4.7%       |-15.2%|
------------------------------+-----+------------+------+
Profit                        |  0.0| -2.1       | -16.6|
                              |     |            |      |
Earnings per share, basic, EUR| 0.00|-0.01       | -0.06|
------------------------------+-----+------------+------+

Commenting on the first quarter results, Danko Koncar, CEO, said:"I am pleased to report a significant improvement in the first quarter results
compared to the first quarter of 2012. Despite the lower sales and a difficult
market, we were able to improve profitability and generate a positive cash flow.
This was achieved by focusing on value added speciality products, lowering cost
base and on-going improvements across all our operations.

Regardless of the sales being lower in the first quarter compared to the
equivalent period last year, mainly due to participation in Eskom's electricity
buyback program in South Africa, but also due to our decision to remain
disciplined and not compromise our sale prices or margins in a very weak market,
we have improved results.

The ferrochrome market remains difficult to predict and unfortunately we cannot
depend on a tailwind this year, regardless of some positive signals. Being aware
of all the uncertainties ahead, we agreed to significantly restructure our
organisation and the way we work. Our focus is, and has to remain, on generating
cash and increasing profits, independently of market movements.

In the longer term I firmly believe that ferrochrome, particularly the
speciality and super alloys segment, will again be in high demand. At the same
time we are not waiting for market to change, but are continuously evaluating
different initiatives that could strengthen our position and provide new 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. The 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 Q1/2013
interim report enclosed to this stock exchange release. The Interim Report is
attached to this release and is also available on the Company's website at
www.ruukkigroup.com.


RUUKKI GROUP PLC
Danko Koncar
CEO


For additional information, please contact:

Ruukki Group Plc

Danko Koncar, CEO, +44 (0)20 7376 1175, danko.koncar@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#1700120]

Attachments:

Q1.pdf