Raute - Company Announcement

Specification on the proposal concerning profit distribution published in the financial statement bulletin

Lahti, Finland, 2016-02-16 10:45 CET (GLOBE NEWSWIRE) -- RAUTE CORPORATION
STOCK EXCHANGE RELEASE FEBRUARY 16, 2016 at 11:45 a.m. 


SPECIFICATION ON THE PROPOSAL CONCERNING PROFIT DISTRIBUTION PUBLISHED IN THE
FINANCIAL STATEMENT BULLETIN 

In order to make it clear we specify that the figures given in the parentheses
in connection of the Board of Directors' proposal concerning profit
distribution 2015 published in the financial statement bulletin today "dividend
EUR 0.40 and repayment of equity EUR 0.20" refer to the comparison year 2014. 

The Board of Directors will propose to the Annual General Meeting that a
dividend of EUR 0.80 per share be paid for the financial year 2015 (for the
financial year 2014 a dividend of EUR 0.40 and for the financial year 2014
repayment of equity of EUR 0.20). 


RAUTE CORPORATION
Arja Hakala


FURTHER INFORMATION:
Ms. Arja Hakala, CFO, Raute Corporation, mobile +358 400 710 387

DISTRIBUTION:
Nasdaq Helsinki Ltd, main media, www.raute.com

RAUTE IN BRIEF:
Raute is a technology and service company that operates worldwide. Raute’s
customers are companies operating in the wood products industry that
manufacture veneer, plywood and LVL (Laminated Veneer Lumber). The technology
offering covers machinery and equipment for the customer’s entire production
process. As a supplier of mill-scale projects, Raute is a global market leader
both in the plywood and LVL industries. Additionally, Raute’s full-service
concept includes technology services ranging from spare parts deliveries to
regular maintenance and equipment modernizations. Raute’s head office is
located in the Nastola area of Lahti, Finland. Its other production plants are
in Kajaani, Finland, the Vancouver area of Canada and in the Shanghai area of
China. Raute’s net sales in 2015 were EUR 127.3 million. The Group’s headcount
at the end of 2015 was 646. 

More information on the company can be found at www.raute.com.