Earnings Release • Apr 28, 2011
Earnings Release
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28.04.2011 08:00
Dissemination of a UK Regulatory Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------------
07:00 London, 09:00 Helsinki, 28 April 2011 - Ruukki Group Plc, Stock Exchange Release
Ruukki Group Plc ('Ruukki' or the 'Company') (LSE: RKKI, OMX: RUG1V) announces that the Company will report its financial performance in two new reporting business segments from the beginning of 2011; the FerroAlloys and the Speciality Alloys business segments. The new segment reporting reflects the Company's transformation into a pure mining, smelting and metals processing business.
The FerroAlloys business segment consists of the previous South African minerals business and the Speciality Alloys business segment includes the previous Southern European minerals business. The revenue and costs of the Company's sales and marketing arm RCS, which was previously reported under Southern European minerals business, will now be allocated to the two new business segments in proportion to their sales. Group's other operations include the Group's headquarter and other Group companies which do not have significant business operations.
Previously Ruukki reported the Southern European and the South African minerals businesses as part of the Minerals business segment. Ruukki has recently announced the sales of its Wood Processing businesses, including the House building, Pallet and Sawmill businesses, that are classified as discontinued operations.
The new segments will be reported in Ruukki's interim report for January-March 2011, due to be announced on 11 May 2011.
Comparative figures for segments for the financial period 2010:
| 1.1.- 31.3.201 0 3 months EUR '000 |
Special ity Alloys |
Ferro Alloys |
Other operati ons |
Continuing operations total -------------------------------------------------------------------------------- |
Discontin ued operation s |
Adjustment s and eliminatio ns |
Group |
|---|---|---|---|---|---|---|---|
| Revenue | 12,121 | 17,847 | 129 | 30,097 | 24,437 | -105 | 54,429 |
| EBITDA | -225 | 2,727 | -3,392 | -891 | 3,077 | 0 | 2,186 |
| EBIT | -4,409 | 583 | -3,409 | -7,235 | 1,669 | 0 | -5,567 |
| Segment's assets |
187,270 | 227,219 | 43,391 | 451,872 | 121,708 | -3,064 | 570,516 |
| Segment's liabilit ies |
70,089 | 111,148 | 41,982 | 217,229 | 69,890 | -3,246 | 283,873 |
| -------------------------------------------------------------------------------- |
| 1.1.-30. 6.2010 6 months |
Special ity Alloys |
Ferro Alloys |
Other operati ons |
Continuing operations total |
Discontin ued operation |
Adjustment s and eliminatio |
Group |
|---|---|---|---|---|---|---|---|
| EUR '000 | -------------------------------------------------------------------------------- | s | ns | ||||
| Revenue | 34,066 | 35,155 | 401 | 69,623 | 55,310 | -348 | 124,584 |
| EBITDA EBIT |
3,691 -4,780 |
6,102 1,821 |
-10,341 -10,375 |
-548 -13,333 |
8,286 5,820 |
-69 -69 |
7,669 -7,582 |
| Segment' s assets |
178,447 | 244,282 | 31,841 | 445,188 | 123,027 | -14,387 | 553,827 |
|---|---|---|---|---|---|---|---|
| Segment' s liabili ties |
69,999 | 102,812 | 54,709 | 205,526 | 68,727 | -1,936 -------------------------------------------------------------------------------- |
272,316 |
| 1.1.-30. 9.2010 9 months EUR '000 |
Special ity Alloys |
Ferro Alloys |
Other operati ons |
Continuing operations total |
Discontin ued operation s |
Adjustment s and eliminatio ns -------------------------------------------------------------------------------- |
Group |
| Revenue EBITDA EBIT Segment' s assets |
52,289 6,446 -6,804 179,175 |
45,954 4,720 -1,882 237,165 |
455 -13,534 -13,584 16,639 |
98,698 -2,368 -22,270 423,132 |
83,954 13,033 9,705 122,342 |
-398 -2 -2 -1,589 |
182,254 10,663 -12,567 543,884 |
| Segment' s liabili ties |
73,849 | 96,269 | 44,946 | 196,531 | 70,681 | -1,688 -------------------------------------------------------------------------------- |
265,523 |
| 1.1.-31. 12.2010 12 months EUR '000 |
Special ity Alloys |
Ferro Alloys |
Other operati ons |
Continuing operations total |
Discontin ued operation s |
Adjustment s and eliminatio ns |
Group |
| Revenue EBITDA EBIT Segment' s assets Segment' s |
69,017 7,803 -10,009 171,109 80,265 |
54,006 -972 -50,216 248,011 136,703 |
967 -16,306 -16,370 29,329 50,172 |
123,990 -9,475 -76,595 439,545 255,475 |
125,374 20,111 15,853 121,682 80,734 |
-------------------------------------------------------------------------------- -910 -3 -3 -4,196 -15,534 |
248,454 10,633 -60,744 557,030 320,675 |
| liabili ties |
-------------------------------------------------------------------------------- | ||||||
| 1.4.-30 .6.2010 Q2 EUR '000 |
Speciali ty Alloys |
Ferro Alloys |
Other operatio ns |
Continuing operations total |
Discontinu ed operations |
Adjustments and elimination s -------------------------------------------------------------------------------- |
Group |
| Revenue EBITDA EBIT |
21,945 3,916 -371 |
17,308 3,375 1,239 |
273 -6,949 -6,966 |
39,526 343 -6,098 |
30,873 5,208 4,151 |
-243 -69 -69 -------------------------------------------------------------------------------- |
70,155 5,482 -2,016 |
| 1.7.-30 .9.2010 Q3 EUR '000 |
Speciali ty Alloys |
Ferro Alloys |
Other operatio ns |
Continuing operations total |
Discontinu ed operations |
Adjustments and elimination s |
Group |
| Revenue | 18,223 | 10,799 | 53 | 29,075 | 28,644 | -------------------------------------------------------------------------------- -50 |
57,669 |
| EBITDA EBIT |
2,755 -2,024 |
-1,382 -3,704 |
-3,193 -3,209 |
-1,820 -8,937 |
4,747 3,885 |
67 67 |
2,994 -4,985 |
|---|---|---|---|---|---|---|---|
| -------------------------------------------------------------------------------- | |||||||
| 1.10.-3 1.12.20 10 Q4 EUR '000 |
Special ity Alloys |
Ferro Alloys |
Other operati ons |
Continuing operations total |
Discontin ued operation s |
Adjustments and elimination s -------------------------------------------------------------------------------- |
Group |
| Revenue EBITDA EBIT |
16,727 1,357 -3,205 |
8,052 -5,692 -48,333 |
512 -2,772 -2,786 |
25,292 -7,107 -54,325 |
41,421 7,079 6,149 |
-512 -1 -1 -------------------------------------------------------------------------------- |
66,200 -30 -48,177 |
| Danko Koncar | RUUKKI GROUP PLC Acting Managing Director |
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| For additional information, please contact: | |||||||
| Ruukki Group Plc [email protected] |
Markus Kivimaeki, Head of Corporate Affairs, +358 (0)50 3495 687, Thomas Hoyer, CFO, +358 (0)45 6700 491, [email protected] |
||||||
| Investec Bank Plc | Stephen Cooper, +44 (0)20 7597 5104, [email protected] | ||||||
| RBC Capital Markets | Martin Eales, +44 (0)20 7653 4000, [email protected] | Peter Barrett-Lennard, +44 (0)20 7653 4000, [email protected] | |||||
| www.ruukkigroup.fi | Ruukki Group is a natural resources company with a mining and minerals business in southern Europe and southern Africa. The Company is listed on NASDAQ OMX Helsinki (RUG1V) and the Main Market of the London Stock Exchange (RKKI). |
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| Distribution: main media |
NASDAQ OMX Helsinki London Stock Exchange www.ruukkigroup.fi News Source: NASDAQ OMX |
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| Financial/Corporate News and Press Releases. | Media archive at www.dgap-medientreff.de and www.dgap.de | 28.04.2011 DGAP's Distribution Services include Regulatory Announcements, | |||||
| Language: Company: |
English | Ruukki Group Oyj | --------------------------------------------------------------------------- | ||||
| Phone: Fax: E-mail: Internet: |
Finland |
ISIN: FI0009800098 Category Code: MSC LSE Ticker: RKKI Sequence Number: 785 Time of Receipt: Apr 28, 2011 08:00:05 End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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