Improved profitability in continued challenging market conditions

Financial highlights of January to June 2015 (year-on-year in brackets)

- Turnover declined by 6% to EUR 428 million (457)

- EBITDA unchanged at EUR 62 million (63)

- EBIT improved by 14% to EUR 27 million (23)

- Net result improved by 117% to EUR 15 million (7)

- Free cash flow declined to EUR -25 million (-1)

- Net debt reduced by 8% to EUR 309 million (334)

Hans Sohlström, President and CEO of Rettig Group:

“Our profitability continued to improve thanks to further improved efficiency and reduced costs. Our year-on-year EBITDA-% increased from 13.8 to 14.6 and our EBIT increased by 14 per cent despite decreased turnover. The net result more than doubled supported by a good result of our new associated company Alandia.”   

Unchanged outlook for 2015

The business environment will remain challenging in 2015 as the economic growth in Europe is forecast to continue weak. We expect to improve our profitability through continued focus on the implementation of our strategy.

For further information go to www.rettig.fi or contact:

Josefina Tallqvist, Rettig Group, Director, Corporate Communication and Investor Relations

Tel: +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. We focus on leading market positions and more customer value with less environmental impact. Rettig Group's businesses are Rettig ICC - indoor climate comfort, Nordkalk - limestone-based products, Bore - RoRo shipping services. The insurance company Alandia is an associated company of Rettig Group. In 2014 total turnover was about EUR 933 million and the group had about 4,100 employees in 25 countries.

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