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Interim financial result for January to June 2013

Interim result for January to June 2013 (unaudited)

Stable performance despite challenging market conditions

Financial highlights

MEUR 1-6/2013 1-6/2012 Change
Turnover 456,9 462,0 -1,1%
EBITDA 57,1 56,5 +1,1%
EBIT 15,2 14,7 +3.4%
Net debt 386,7 425,8 -9,2%

 

Unchanged outlook for 2013

Due to economic uncertainty and low growth in Europe our operating environment remains challenging. Thanks to continuous focus on free cash-flow and cost efficiency, we expect a stable financial performance and reduced debt compared to the previous year.

Hans Sohlström, President and CEO of Rettig Group:

“Our performance during the first half of this year was stable and according to our expectations. Thanks to strong focus on cash flow and debt reduction, our free cash flow was about 25 MEUR higher and our net debt about 39 MEUR lower compared to same period last year.”

For further information and the complete interim financial report, go to http://www.rettig.fi/en/investor-relations/ir-library/ or contact:

Josefina Tallqvist, Investor Relations Manager
Mobile: +358 40 7455276
Email: josefina.tallqvist@rettig.fi

Rettig Group is a Finnish family business that creates value for generations through sustainable and long-term growth. In all our businesses we focus on leading positions on selected markets and improved customer value with less environmental impact. Today Rettig Group owns Rettig ICC – Europe's leading supplier of heat emitters and indoor climate comfort; Nordkalk – Northern Europe’s leading supplier of limestone-based products for industry, agriculture and environmental care; and Bore – the industrial shipping service provider. In 2012, Rettig Group’s turnover was about 970 million euro and the group had about 4400 employees in 25 countries.

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