Neo Industrial Oyj - Company Announcement

NEO INDUSTRIAL PLC STOCK EXCHANGE RELEASE 27 December 2016 at 9.00 AM

NEO INDUSTRIAL PLC: LARGE UNDERGROUND CABLE CONTRACT TO CABLE SEGMENT AND
GROUP'S PRELIMINARY INFORMATION FOR 2016 

Neo Industrial Plc’s subsidiary Reka Cables Ltd has received a substantial
contract for underground power cables. The value of the contract is
approximately EUR 12 million and the deliveries will be made during 2017 and
2018. The underground power cables are used when building grids that are not
vulnerable to weather conditions. 

The company’s turnover has continued its growth also during the last part of
the year. The company estimates the turnover to be close to EUR 100 million
(84.6). The operating result of the entire year is estimated to be between EUR
5.5 – 6.5 million. 

Hyvinkää, December 27, 2016
Ralf Sohlström
Managing Director


Further information:
Ralf Sohlström, Managing Director, tel. +35840 770 2720


www.neoindustrial.fi/en

Neo Industrial's strategy is to invest mainly in industrial companies with
similar synergic benefits. The aim of investments is with active ownership to
develop the purchased companies and establish additional value. Returns are
sought through both dividend flow and an increase in value. Neo Industrial's
class B shares are listed on the main list of NASDAQ Helsinki Stock Exchange.
Neo Industrial's business segment is Cable Industry.