Rautaruukki Corporation Interim report 27 October 2014 at 8:40am EET

Rautaruukki CORPORATION INTERIM REPORT Q1-Q3/2014:
Rautaruukki became part of SSAB

SSAB AB's share exchange offer to Rautaruukki's shareholders was completed during the report period and Rautaruukki became a 95.1%-owned subsidiary of SSAB on 29 July 2014. SSAB has initiated redemption proceedings in accordance with the Limited Liability Companies Act - Finland in order to acquire the remaining shares in Rautaruukki. After the report period, Rautaruukki Corporation's Board of Directors resolved to apply, on 16 October 2014, for termination of trading in Rautaruukki shares and for the delisting of the shares from the official list of NASDAQ OMX Helsinki Ltd.

Rautaruukki Corporation's Board of Directors has decided that the company's interim report for the third quarter will cover Rautaruukki Corporation, but not the former business areas (Ruukki Metals, Ruukki Building Products and Ruukki Building Systems). Rautaruukki became a subsidiary of SSAB on 29 July 2014 and the business entity formed then has, since 1 September, operated under a new organisation where business has been regrouped into five both structurally and with regard to segment-specific accounting rules. Rautaruukki's former business segments are no longer monitored and they are not material as regards decision-making. Due to the company's combination with SSAB, Rautaruukki no longer publishes a near-term outlook or guidance. The near-term outlook for the entire group is given in the prospects in the parent company SSAB AB's interim report that was published today. The result presented in this report does not materially differ from the guidance stated in the interim report for the period 1 January to 30 June 2014.

January-September 2014 (Q1-Q3/2013)
- Order intake was EUR 1,752 million (1,803).
- Comparable net sales were EUR 1,779 million (1,814).
- Reported EBITDA was EUR 97 million (129).
- Comparable operating profit was EUR 27 million (31).
- Comparable result before taxes was -EUR 8 million (2).
- Net cash from operating activities was EUR 59 million (105).

July-September 2014 (Q3/2013)
- Order intake was EUR 566 million (568).
- Comparable net sales were EUR 581 million (592).
- Reported EBITDA was EUR 28 million (42).
- Comparable operating profit was EUR 8 million (10).
- Comparable result before taxes was EUR -2 million (0).
- Net cash from operating activities was EUR 35 million (28).

KEY FIGURES          
  Q3/14 Q3/13 Q1-Q3/14 Q1-Q3/13 2013
Comparable figures          
Comparable net sales, EUR m 581 592 1,779 1,814 2,404
Comparable operating profit,
EUR m 		8 10 27 31 39
Comparable operating profit
as % of net sales 		1.4 1.7 1.5 1.7 1.6
Comparable result before
income tax, EUR m 		-2 0 -8 2 -1
Reported figures          
Reported net sales, EUR m 581 592 1,779 1,815 2,405
Reported EBITDA, EUR m 28 42 97 129 168
Reported EBITDA as of % of net sales 4.8 7.2 5.4 7.1 7.0
Reported operating profit,
EUR m 		-3 10 0 30 34
Reported result before
income tax, EUR m 		-14 0 -35 1 -6
Net cash from operating activities, EUR m 35 28 59 105 184
Net cash before financing activities, EUR m 10 2 -2 40 101
Earnings per share, EUR -0.16 0.01 -0.31 -0.03 -0.10
Return on capital employed (rolling 12 months), %     0.1 -1.5 1.8
Return on capital employed
(annualised), % 		    -0.1 2.1 1.8
Gearing ratio, %     73.6 73.8 68.5
Equity ratio, %     43.2 44.9 45.0
Personnel on average 8,915 9,033 8,852 9,060 8,955


Rautaruukki Corporation's full interim report for January-September 2014 is attached to this release.

For further information, please contact
Olavi Huhtala, President & CEO, tel. +358 20 592 9157
Mikko Hietanen, CFO, tel. +358 20 592 9030

Rautaruukki Corporation
Taina Kyllönen
Head of Group Communications

Rautaruukki is now part of SSAB (publ) ("SSAB"), a steel company with global reach which has its main production plants in Sweden, Finland and the United States. The company's steel business is structured around four divisions - SSAB Special Steels, SSAB Europe, SSAB Americas and the steel distribution partner Tibnor, and one division, Ruukki Construction, which focuses on the construction business. Rautaruukki's share is quoted on NASDAQ OMX Helsinki. SSAB's shares are quoted on NASDAQ OMX Nordic Stockholm and NASDAQ OMX Helsinki. www.ssab.com:
http://www.ssab.com. www.ruukki.com:
http://www.ruukki.com 

DISTRIBUTION:
NASDAQ OMX Helsinki
Main media
www.ruukki.com



Rautaruukki Corporation Interim Report Q3 2014:
http://hugin.info/3013/R/1865908/655356.pdf


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Rautaruukki Oyj via Globenewswire
HUG#1865908