Financial statement bulletin by PKC Group oyj for the year 1999

PKC Group Oyj Stock Exchange Bulletin 18 Feb. 2000 at 8.30 a.m. FINANCIAL STATEMENT BULLETIN BY PKC GROUP OYJ FOR THE YEAR 1999 PKC GROUP'S RESULT IMPROVED DURING THE LAST QUARTER PROFIT AFTER FINANCIAL ITEMS TOTALLED MEUR 10.7 PKC's position as systems supplier for the telecommunications and electronics sector and the commercial vehicle industry, with responsibility for product development, was significantly reinforced in the period under review. The Group's net sales increased by 36.3% over the previous year. The Group's profit before reserves and taxes amounted to MEUR 10.7 (MEUR 10.1 in the previous year). The Board of Directors proposes that a dividend of 36,0 % of the Group's profit for the financial period be paid, i.e. EUR 0,50 per share. Earnings per share totalled EUR 1.39 (EUR 1.33). PKC Group employs the principle of partnership, and supplies and develops electrical and data transfer systems for the commercial vehicle industry and products for the telecommunications and electronics industry. The Group's business strategy is based on the principle of long-term co- operation with our customers throughout the whole lifespan of our products. The company's new name, PKC Group, describes the company's values: customer-orientation, know-how, quality products (Products, Know- how, and Customers). The Group's domestic operations are located in Oulu, Kempele and Raahe, and the subsidiary units abroad are in Brazil and the Netherlands. The Group's business operations are divided into two business areas in accordance with the customer sectors. As result of long-term successful partnership and strategic arrangements, an agreement was signed in October making PKC Group the sole supplier of electric and data transfer systems for Scania. Correspondingly, also Volvo decided to direct its purchases to only two global suppliers, of which one is PKC Group in accordance with the agreement signed in December. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/02/18/20000218BIT00040/bit0001.doc http://www.bit.se/bitonline/2000/02/18/20000218BIT00040/bit0002.pdf