Contents Ruukki is a multi-skilled actor Ruukki as a company in the steel and engineering 1 Rautaruukki in brief 2 CEO’s review industries. 4 2008 in brief 6 Business environment 8 Strategy 16 Delivering on the strategy The company’s vision is to be 24 Ruukki Construction the most desired solutions 26 Ruukki Engineering 28 Ruukki Metals supplier to construction 30 Units by country 32 Stock exchange releases 2008 and engineering industry 36 Research and development customers. Responsible Ruukki 38 Corporate responsibility More 40 Financial responsibility 44 Social responsibility 50 Environmental responsibility with Governance 60 Corporate governance 66 Board of Directors 68 Corporate Management Board metals 70 Risk management Financial statements 2008 76 Report of the Board of Directors RautaruukkiRautaruukki CorpCorporationo Annual Report 2008 82 Consolidated fi nancial statements (IFRS) 86 Notes to the consolidated fi nancial statements 125 Financial indicators 127 Parent company’s fi nancial statements (FAS) Rautaruukki Corporation Annual Report 2008 Annual Report Annual Report Corporation Corporation Rautaruukki 131 Board of Directors’ proposal for the disposal of distributable funds 132 Auditors’ report 133 Statement of the Supervisory Board 134 Figures by quarter Investor information 135 Shares and shareholders 139 Investor relations 140 Information for shareholders Rautaruukki Corporation Suolakivenkatu 1 PO Box 138 20 Rautaruukki’s Annual Report 2008 is published in English and Finnish. The report includes the corporate FI-00811 Helsinki responsibility part. Copies of the report may be ordered by emailing
[email protected] and Finland online at www.ruukki.com, where the annual report may also be downloaded in pdf format. Contents Ruukki is a multi-skilled actor Ruukki as a company in the steel and engineering 1 Rautaruukki in brief 2 CEO’s review industries.