Componenta - Inside information

Extension for the restructuring proceeding of Componenta Främmestad AB

Componenta Corporation Stock Exchange Release on 6.3.2017 at 15.40

On 3 March 2017 Skaraborg district court has granted extension for
restructuring proceeding of Componenta Corporation’s subsidiary Componenta
Främmestad AB until 1 June 2017. Reaching an agreement relating to the internal
debt between Componenta Främmestad AB and Componenta Dökümcülük Ticaret ve
Sanayi A.S., which is still pending, is seen as a prerequisite for a viable
composition proposal. Componenta’s Turkish subsidiary is the most significant
creditor and casting supplier for Componenta Främmestad AB. 

Componenta Främmestad AB has restructuring debt of approximately 182 MSEK in
total of which the restructuring debt to the Turkish company is approximately
102 MSEK. 


Helsinki, 6 March 2017


COMPONENTA CORPORATION


Harri Suutari
President and CEO


For further information, please contact:

Harri Suutari
President and CEO
tel. +358 10 403 2200

Marko Karppinen
CFO
tel. +358 10 403 2101

Componenta is a metal sector company with international operations and
production plants located in Finland, Turkey and Sweden. The net sales of
Componenta were EUR 495 million in 2015 and its share is listed on Nasdaq
Helsinki. The Group employs approx. 3,500 people. Componenta specializes in
supplying cast and machined components and total solutions made of them to its
global customers, who are manufacturers of vehicles, machines and equipment.