07:00 London, 09:00 Helsinki, 28 April 2011 – Ruukki Group Plc, Stock Exchange Release
RUUKKI GROUP PLC´S NEW SEGMENT REPORTING
Ruukki Group Plc (“Ruukki” or the “Company”) (LSE: RKKI, OMX: RUG1V) announces that the Company will report its financial performance in two new reporting business segments from the beginning of 2011; the FerroAlloys and the Speciality Alloys business segments. The new segment reporting reflects the Company’s transformation into a pure mining, smelting and metals processing business.
The FerroAlloys business segment consists of the previous South African minerals business and the Speciality Alloys business segment includes the previous Southern European minerals business. The revenue and costs of the Company’s sales and marketing arm RCS, which was previously reported under Southern European minerals business, will now be allocated to the two new business segments in proportion to their sales. Group’s other operations include the Group’s headquarter and other Group companies which do not have significant business operations.
Previously Ruukki reported the Southern European and the South African minerals businesses as part of the Minerals business segment. Ruukki has recently announced the sales of its Wood Processing businesses, including the House building, Pallet and Sawmill businesses, that are classified as discontinued operations.
The new segments will be reported in Ruukki’s interim report for January–March 2011, due to be announced on 11 May 2011.
Comparative figures for segments for the financial period 2010:
|
1.1.– 31.3.2010 3 months EUR '000 |
Speciality Alloys | Ferro Alloys | Other operations | Continuing operations total | Discontinued operations | Adjustments and eliminations | Group |
| Revenue | 12,121 | 17,847 | 129 | 30,097 | 24,437 | -105 | 54,429 |
| EBITDA | -225 | 2,727 | -3,392 | -891 | 3,077 | 0 | 2,186 |
| EBIT | -4,409 | 583 | -3,409 | -7,235 | 1,669 | 0 | -5,567 |
| Segment's assets | 187,270 | 227,219 | 43,391 | 451,872 | 121,708 | -3,064 | 570,516 |
| Segment's liabilities | 70,089 | 111,148 | 41,982 | 217,229 | 69,890 | -3,246 | 283,873 |
|
1.1.–30.6.2010 6 months EUR '000 |
Speciality Alloys | Ferro Alloys | Other operations | Continuing operations total | Discontinued operations | Adjustments and eliminations | Group |
| Revenue | 34,066 | 35,155 | 401 | 69,623 | 55,310 | -348 | 124,584 |
| EBITDA | 3,691 | 6,102 | -10,341 | -548 | 8,286 | -69 | 7,669 |
| EBIT | -4,780 | 1,821 | -10,375 | -13,333 | 5,820 | -69 | -7,582 |
| Segment's assets | 178,447 | 244,282 | 31,841 | 445,188 | 123,027 | -14,387 | 553,827 |
| Segment's liabilities | 69,999 | 102,812 | 54,709 | 205,526 | 68,727 | -1,936 | 272,316 |
|
1.1.–30.9.2010 9 months EUR '000 |
Speciality Alloys | Ferro Alloys | Other operations | Continuing operations total | Discontinued operations | Adjustments and eliminations | Group |
| Revenue | 52,289 | 45,954 | 455 | 98,698 | 83,954 | -398 | 182,254 |
| EBITDA | 6,446 | 4,720 | -13,534 | -2,368 | 13,033 | -2 | 10,663 |
| EBIT | -6,804 | -1,882 | -13,584 | -22,270 | 9,705 | -2 | -12,567 |
| Segment's assets | 179,175 | 237,165 | 16,639 | 423,132 | 122,342 | -1,589 | 543,884 |
| Segment's liabilities | 73,849 | 96,269 | 44,946 | 196,531 | 70,681 | -1,688 | 265,523 |
|
1.1.–31.12.2010 12 months EUR '000 |
Speciality Alloys | Ferro Alloys | Other operations | Continuing operations total | Discontinued operations | Adjustments and eliminations | Group |
| Revenue | 69,017 | 54,006 | 967 | 123,990 | 125,374 | -910 | 248,454 |
| EBITDA | 7,803 | -972 | -16,306 | -9,475 | 20,111 | -3 | 10,633 |
| EBIT | -10,009 | -50,216 | -16,370 | -76,595 | 15,853 | -3 | -60,744 |
| Segment's assets | 171,109 | 248,011 | 29,329 | 439,545 | 121,682 | -4,196 | 557,030 |
| Segment's liabilities | 80,265 | 136,703 | 50,172 | 255,475 | 80,734 | -15,534 | 320,675 |
|
1.4.–30.6.2010 Q2 EUR '000 |
Speciality Alloys | Ferro Alloys | Other operations | Continuing operations total | Discontinued operations | Adjustments and eliminations | Group |
| Revenue | 21,945 | 17,308 | 273 | 39,526 | 30,873 | -243 | 70,155 |
| EBITDA | 3,916 | 3,375 | -6,949 | 343 | 5,208 | -69 | 5,482 |
| EBIT | -371 | 1,239 | -6,966 | -6,098 | 4,151 | -69 | -2,016 |
|
1.7.–30.9.2010 Q3 EUR '000 |
Speciality Alloys | Ferro Alloys |
Other operations |
Continuing operations total | Discontinued operations | Adjustments and eliminations | Group |
| Revenue | 18,223 | 10,799 | 53 | 29,075 | 28,644 | -50 | 57,669 |
| EBITDA | 2,755 | -1,382 | -3,193 | -1,820 | 4,747 | 67 | 2,994 |
| EBIT | -2,024 | -3,704 | -3,209 | -8,937 | 3,885 | 67 | -4,985 |
|
1.10.–31.12.2010 Q4 EUR '000 |
Speciality Alloys | Ferro Alloys | Other operations | Continuing operations total | Discontinued operations | Adjustments and eliminations | Group |
| Revenue | 16,727 | 8,052 | 512 | 25,292 | 41,421 | -512 | 66,200 |
| EBITDA | 1,357 | -5,692 | -2,772 | -7,107 | 7,079 | -1 | -30 |
| EBIT | -3,205 | -48,333 | -2,786 | -54,325 | 6,149 | -1 | -48,177 |
RUUKKI GROUP PLC
Danko Koncar
Acting Managing Director
For additional information, please contact:
Ruukki Group Plc
Markus Kivimäki, Head of Corporate Affairs, +358 (0)50 3495 687, markus.kivimaki@ruukkigroup.fi
Thomas Hoyer, CFO, +358 (0)45 6700 491, thomas.hoyer@ruukkigroup.fi
Investec Bank Plc
Stephen Cooper, +44 (0)20 7597 5104, stephen.cooper@investec.co.uk
RBC Capital Markets
Martin Eales, +44 (0)20 7653 4000, martin.eales@rbccm.com
Peter Barrett-Lennard, +44 (0)20 7653 4000, peter.barrett-lennard@rbccm.com
Ruukki Group is a natural resources company with a mining and minerals business in southern Europe and southern Africa. The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI).
www.ruukkigroup.fi
Distribution:
NASDAQ OMX Helsinki
London Stock Exchange
main media
www.ruukkigroup.fi