Honkarakenne Oyj reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net sales of EUR 13.9 million against EUR 13.6 million a year ago. Operating loss was EUR 3.0 million against EUR 0.2 million a year ago. Operating profit before non- recurring items was EUR 0.5 million against operating loss before non- recurring items of EUR 0.2 million a year ago. Loss before taxes was EUR 2.8 million against EUR 0.4 million a year ago. Loss per share was EUR 0.66 against EUR 0.10 a year ago. Loss for the period was EUR 3.1 million against EUR 0.5 million a year ago. Loss for the period attributable to equity holders of the parent was EUR 3.4 million against EUR 0.5 million a year ago.

For the year, the company reported net sales of EUR 46.2 million against EUR 55.0 million a year ago. Operating loss was EUR 4.3 million against operating profit of EUR 1.9 million a year ago. Operating profit before non- recurring items was EUR 0.8 million against EUR 1.6 million a year ago. Loss before taxes was EUR 4.4 million against profit before taxes of EUR 1.1 million a year ago. Loss per share was EUR 0.90 against earnings per share was EUR 0.17 a year ago. Negative return on equity was 28% against positive return on equity of 5% a year ago. Loss for the period was EUR 4.3 million against profit for the period of EUR 0.8 million a year ago. Loss for the period attributable to equity holders of the parent was EUR 4.6 million against result for the period attributable to equity holders of the parent of EUR 0.9 million a year ago. Cash flow from operations was EUR 5.5 million against EUR 6.0 million a year ago. Net debt was EUR 1.5 million against EUR 6.1 million a year ago.

For the year 2013, the company expects its net sales to be at same level than in previous year and the result before non-recurring items and taxes to be close to zero.

The Board of Directors of the company proposes to the Annual General Meeting that no dividend be paid for the financial year ended December 31, 2012.