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Componenta Oyj Earnings Release 2015

Oct 19, 2015

3307_rns_2015-10-19_1a165d42-249c-4670-9a9d-5582a756daa0.html

Earnings Release

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Componenta changes its prospects for 2015

Componenta changes its prospects for 2015

Componenta Corporation Stock Exchange Release 19.10.2015 at 9.30

Weakened growth prospects in China have decreased raw material prices during
past months, and this has weakened the investment demand in construction and
mining machinery industry.

The order book was however 4% higher in the beginning of October than in at the
same time in previous year EUR 82 million (EUR 79 million). Based on the order
book and production estimates given by the customers Componenta expects the
2015 net sales to stay at the same level as in the previous year.

Due to lower than expected net sales and delays in cost savings arising from
the efficiency improvement program, Componenta's 2015 operating profit
excluding one-time items and exchange rate differences of operative balance
sheet items is expected to stay behind previous year. Due to the delays, this
part of the cost savings is expected to realize in 2016.

However, Componenta's result after financial items excluding one-time items is
expected to improve from previous year due to exchange rate gains of operative
balance sheet items and lower interest expenses.

Componenta's net sales on third quarter was EUR 110 (111) million, preliminary
operating profit excluding one-time items and exchange rate differencies of
operative balance sheet items was EUR 1 (1) million and preliminary result
after financial items excluding one-time items EUR -5 (-6) million.

New prospects for 2015 are as follows:

Componenta's operating profit excluding one-time items and exchange rate
differences of operative balance sheet items is expected to stay behind
previous year. However, Componenta expects the 2015 result after financial
items excluding one-time items to improve from previous year.

Earlier prospects for 2015 were:

Componenta expects the 2015 operating profit excluding one-time items and
exchange rate differences of operative balance sheet items to improve from the
previous year, as a result of the efficiency improvement program being carried
out.

Helsinki, 19 October 2015

COMPONENTA CORPORATION

Heikki Lehtonen
President and CEO

For further information, please contact:

Heikki Lehtonen
President and CEO
tel. +358 10 403 2200

Mika Hassinen
CFO
tel. +358 10 403 2723

Componenta is a metal sector company with international operations and
production plants located in Finland, Turkey, the Netherlands and Sweden. The
net sales of Componenta were EUR 495 million in 2014 and its share is listed on
Nasdaq Helsinki. The Group employs approx. 4,250 people. Componenta specializes
in supplying cast and machined components and total solutions made of them to
its global customers, who are manufacturers of vehicles, machines and
equipment.