Vaahto Group Plc Oyj - Company Announcement

VAAHTO GROUP ADJUSTS OPERATIONS AND COSTS

Helsinki, Finland, 2015-02-18 08:30 CET (GLOBE NEWSWIRE) -- VAAHTO GROUP PLC
OYJ STOCK EXCHANGE RELEASE 18 February 2015 at 9.30 

VAAHTO GROUP ADJUSTS OPERATIONS AND COSTS

The Board of Directors of Vaahto Group has decided to move operations of
headquarters from Lahti to Japrotek Oy Ab's office in Pietarsaari by 30 August
2015. 

This is a part of Vaahto Group's program for adjusting operations and costs
which aims to reduce company's annual costs of operations over 0.8 M euros. 

The one-time cost of the operations and cost adjustment program is estimated to
be not more than 0.4 M euros in 2015. The cost of the move of the headquarters
is included in this estimation. 

Vaahto Group Plc Oyj has ten employees, including group management and finance,
IT and HR employees serving all Vaahto Group's subsidiaries. 

After focusing on Process Technology -business, according to its strategy,
Vaahto Group has sold Paper Technology -business located in Hollola and Tampere
in 2013 and 2014. The remaining units engaging in Process Technology -business
are Japrotek Oy Ab in Pietarsaari and Stelzer Rührtechnik International in
Warburg Germany and AP-Tela Oy in Kokkola. 

“When considering costs and effective operations it is not justified to have
headquarter operations in Lahti any more” said Reijo Järvinen, the chairman of
the Board of Directors. 

Vaahto Group will offer for some employees in Lahti opportunity to move to
Pietarsaari of continue in Lahti with fixed-term contract. 





In Lahti on 18 February 2015

VAAHTO GROUP PLC OYJ

Board of Directors






         Additional information:
         Topi Karppanen, CEO, +358 40 5001957