Pihlajalinna Oyj - Company Announcement

Pihlajalinna Plc: Correction to APMs table in Pihlajalinna's Stock Exchange Release concerning alternative performance measures issued on June 29, 2016 at 9:30

Pihlajalinna Plc                         Stock Exchange Release             29
June 2016 at 17:15

Correction to APMs table in Pihlajalinna's Stock Exchange Release concerning
alternative performance measures issued on June 29, 2016 at 9:30

On Pihlajalinna's stock exchange release issued on June 29, 2016 at 9:30, there
were errors concerning the yearly figures in the performance measures table. The
revised table is shown below.


+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|EUR million                           |Q1/16|Q4/15|Q3/15|Q2/15|Q1/15|2015|2014|
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|Adjusted EBITDA                       |  7,0|  3,4|  2,9|  3,0|  3,1|12,5|14,0|
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|Depreciation and impairment           | -2,9| -2,1| -2,1| -2,0| -1,8|-8,0|-5,8|
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|Adjusted operating profit (EBIT)      |  4,2|  1,4|  0,9|  1,0|  1,3| 4,5| 8,2|
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|                                      |     |     |     |     |     |    |    |
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|Adjusted items                        |     |     |     |     |     |    |    |
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|IPO related share-selling expenses    |     |  0,0|  0,1| -0,9| -0,1|-0,9|    |
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|Extensive restructuring arrangements  |     |     |     |     |     |    |-1,8|
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|Items arising from the integration of |     |     |     |     |     |    |-0,1|
|business operations                   |     |     |     |     |     |    |    |
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|Rearrangement of operations and other |     |     |     |     |     |    |-0,4|
|non-recurring items                   |     |     |     |     |     |    |    |
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|Adjusted items total                  |  0,0|  0,0|  0,1| -0,9| -0,1|-0,9|-2,2|
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|                                      |     |     |     |     |     |    |    |
+--------------------------------------+-----+-----+-----+-----+-----+----+----+
|Operating profit (EBIT)               |  4,2|  1,4|  1,0|  0,1|  1,3| 3,6| 6,0|
+--------------------------------------+-----+-----+-----+-----+-----+----+----+

Further information

Niclas Köhler, CFO, tel. +358 40 342 4420

Distribution

Nasdaq Helsinki
Major Media
investors.pihlajalinna-konserni.fi




[HUG#2023992]