DOCSLIB.ORG

Annual Report 2005

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 2005 ,$*,POFDSBOFT"OOVBM3FQPSU .BJO1SPEVDU3BOHFT .0%&3/*4"5*0/4&37*$&4 GPSJNQSPWFEBWBJMBCJMJUZ SFMJBCJMJUZBOETBGFUZPG FYJTUJOHFRVJQNFOU ."*/5&/"/$&4&37*$&4 GPSBMMDSBOFNBLFT SFHBSEMFTTPGPSJHJOBM NBOVGBDUVSFS "OOVBM3FQPSU ,$*,0/&$3"/&41-$ */%6453*"-$3"/&4 -*()5$3"/&4:45&.4 10#PY '* GFBUVSJOHUIF$95IPJTUGPS GPSQSPEVDUJWFBOEFSHP )ZWJOLÊÊ 'JOMBOE MJGUJOHDBQBDJUJFTVQUPUPOT OPNJDIBOEMJOHPGMPBET Kuvia puuttuu VQUP LH 5FM 'BY XXXLPOFDSBOFTDPN #VTJOFTT*% 5VSOGPSJOGPSNBUJPOUPTIBSFIPMEFST )"3#063$3"/&4 GPSIBSCPVST JOUFSNPEBM UFSNJOBMTBOEUIFTIJQ 130$&44$3"/&4 QJOHJOEVTUSZ FOHJOFFSFEGPSTFWFSFEVUZ MJGUJOHVQUP UPOTPS NPSF 4)*1:"3%$3"/&4 GFBUVSFBDPNQSFIFOTJWFSBOHF PGKJCQPSUBMBOE(PMJBUIHBOUSZ DSBOFT )&"7:%65:-*'5536$,4 GPSLMJGUUSVDLTBOESFBDI TUBDLFSTXJUIMJGUJOHDBQBDJUJFT VQUPUPOT 7/2,$,%!$).'#2!.%4%#(./,/'9 7/2,$,%!$).'#2!.%4%#(./,/'9 Covers KCI_ENG_6.indd 1 15.2.2006 19:24:31 ,$*,POFDSBOFT"OOVBM3FQPSU .BJO1SPEVDU3BOHFT .0%&3/*4"5*0/4&37*$&4 GPSJNQSPWFEBWBJMBCJMJUZ SFMJBCJMJUZBOETBGFUZPG FYJTUJOHFRVJQNFOU ."*/5&/"/$&4&37*$&4 GPSBMMDSBOFNBLFT SFHBSEMFTTPGPSJHJOBM NBOVGBDUVSFS "OOVBM3FQPSU ,$*,0/&$3"/&41-$ */%6453*"-$3"/&4 -*()5$3"/&4:45&.4 10#PY '* GFBUVSJOHUIF$95IPJTUGPS GPSQSPEVDUJWFBOEFSHP )ZWJOLÊÊ 'JOMBOE MJGUJOHDBQBDJUJFTVQUPUPOT OPNJDIBOEMJOHPGMPBET Kuvia puuttuu VQUP LH 5FM 'BY XXXLPOFDSBOFTDPN #VTJOFTT*% 5VSOGPSJOGPSNBUJPOUPTIBSFIPMEFST )"3#063$3"/&4 GPSIBSCPVST JOUFSNPEBM UFSNJOBMTBOEUIFTIJQ 130$&44$3"/&4 QJOHJOEVTUSZ FOHJOFFSFEGPSTFWFSFEVUZ MJGUJOHVQUP UPOTPS NPSF 4)*1:"3%$3"/&4 GFBUVSFBDPNQSFIFOTJWFSBOHF PGKJCQPSUBMBOE(PMJBUIHBOUSZ DSBOFT )&"7:%65:-*'5536$,4 GPSLMJGUUSVDLTBOESFBDI TUBDLFSTXJUIMJGUJOHDBQBDJUJFT VQUPUPOT 7/2,$,%!$).'#2!.%4%#(./,/'9 7/2,$,%!$).'#2!.%4%#(./,/'9 Covers KCI_ENG_6.indd 1 15.2.2006 19:24:31 Information to shareholders Information to shareholders Share information for 2005 Breakdown by shareholder category Invitation to participate Analysts on December 31, 2005 in the Annual General Meeting According to our information the analysts listed below prepare The Shareholders of KCI Konecranes Plc are hereby notified investment analyses on KCI Konecranes. The analysts do so on Highest share price EUR 41.95 that the Company’s Annual General Meeting will be held on their own initiative. KCI Konecranes takes no responsibility for Lowest share price EUR 29.80 % of share capital Average share price EUR 35.77 and voting rights Wednesday, 8 March, 2006 at 11.00 a.m. at Group headquarters the opinions expressed by analysts. Total number of shares traded 18,290,888 pcs Finnish companies 3.22 (address: Koneenkatu 8, 05830 Hyvinkää, Finland). Finnish financial institutions 7.75 Market capitalisation 31 Dec 2005 EUR 603 million Shareholders wishing to attend and vote at the AGM must, ABG Sundal Collier eQ Bank Finnish public institutions 7.88 on the record date 24 February 2006, be registered in the Mr. Erik Ejerhed Mr. Juha Iso-Herttua Finnish non-profit institutions 6.13 share register of KCI Konecranes kept by the Finnish Central +44-20 7905 5600 +358-9-6817 8651 Finnish private investors 9.40 [email protected] [email protected] Nominee registered shares 64.96 Securities Depository Ltd. Nominee-registered shareholders, Non-Finnish holders 0.67 wishing to attend and vote at the AGM, must request a tempo- Total 100.00 rary entry in the share register on the record date. Shareholders Alfred Berg ABN AMRO Evli Bank Mr. Jan Brännback Mr. Matti Riikonen are asked to submit their notice of attendance by no later than +358-9-2283 2732 +358-9-4766 9631 Monthly trading volume and average share price Source: Finnish Central Securities Depository Ltd, December 31, 2005. 4.45 p.m. on March 3, 2006. A notice of participation can be [email protected] [email protected] on the Helsinki Stock Exchange 2001–2005 submitted at www.konecranes.com/agm2006, by phone on +358-20-427 2001, by fax on +358-20-427 2099 or by e-mail: Number of shares, million EUR Cazenove & Co. FIM Securities Ltd [email protected]. A model of a proxy is available on the Mr. Kenneth Leiling Mr. Lauri Saarela Internet. +44-207 155 8221 +358-9-6134 6307 [email protected] [email protected] Payment of dividends The Board of Directors proposes to the AGM that a dividend Carnegie Investment Bank Handelsbanken Capital Markets of EUR 1.10 per share will be paid for the fiscal year 2005. The Mr. Miikka Kinnunen Mr. Tom Skogman dividend will be paid to shareholders, who are entered in the +358-9-6187 1241 +358-10 444 2752 [email protected] [email protected] company’s share register maintained by the Finnish Central Securities Depository Ltd. on the record date for payments of Deutsche Bank Kaupthing Bank dividends on March 13, 2006. The actual payment of dividend Mr. Timo Pirskanen Mr. Johan Lindh will take place on March 20, 2006. +358-9-2525 2553 +358-9-4784 000 [email protected] [email protected] Investor relations principles The main objective of Investor Relations in KCI Konecranes Öhman Fondkommission Mandatum Securities KCI Konecranes OMX Helsinki Cap Index OMX Helsinki Industrials Index is to inform the capital markets on matters concerning KCI Mr. Osmo Junkkarinen Mr. Antti Suttelin Konecranes operations and financial position. KCI Konecranes +358-9-8866 6025 +358-10-236 4708 pursues an open, reliable and up-to-date disclosure practice. [email protected] [email protected] Market capitalisation 2001-2005 Earnings and dividend per share Our aim is to provide correct and consistent information regu- Enskilda Securities Opstock Securities MEUR EUR larly and equally to all market participants. Earnings Ms. Kaisa Ojainmaa Mr. Mikael Doepel KCI Konecranes Investor Relations is responsible for inves- Dividends +358-9-6162 8726 +358-10 252 2931 tor communications and daily contacts. The President and CEO, [email protected] [email protected] Chief Financial Officer and other members of the Executive 603 Board participate in these activities and are regularly available for meetings with capital market representatives. 458 427 Silent period 388 333 KCI Konecranes observes a 21 calendar day silent period Contact information prior to the publication of its financial statements or interim Franciska Janzon, reviews. Manager, Group Communications and Investor Relations Tel: +358 20 427 2043 Fax: +358 20 427 2103 [email protected] On the front cover from left: Tim Weston, Service Technician, Konecranes Australia; A Konecranes Paper mill crane; Zhu Xiaohong and Yuan Bin Sheng, Service Technicians, Konecranes China. * Board’s proposal ** The Extraordinary General Meeting also distributed an On the back cover from left: Tony Chen, Field Service Manager and Knut Stewen, Director, KCI Konecranes Maintenance Services China; additional dividend of 1.00 euro per share for fiscal 2003. A Konecranes RMG crane; Ian Wrathmall, KCI Konecranes Site Manager, Nissan Sunderland, UK. Layout: Kimito Fabrik Ab Information to shareholders Information to shareholders Share information for 2005 Breakdown by shareholder category Invitation to participate Analysts on December 31, 2005 in the Annual General Meeting According to our information the analysts listed below prepare The Shareholders of KCI Konecranes Plc are hereby notified investment analyses on KCI Konecranes. The analysts do so on Highest share price EUR 41.95 that the Company’s Annual General Meeting will be held on their own initiative. KCI Konecranes takes no responsibility for Lowest share price EUR 29.80 % of share capital Average share price EUR 35.77 and voting rights Wednesday, 8 March, 2006 at 11.00 a.m. at Group headquarters the opinions expressed by analysts. Total number of shares traded 18,290,888 pcs Finnish companies 3.22 (address: Koneenkatu 8, 05830 Hyvinkää, Finland). Finnish financial institutions 7.75 Market capitalisation 31 Dec 2005 EUR 603 million Shareholders wishing to attend and vote at the AGM must, ABG Sundal Collier eQ Bank Finnish public institutions 7.88 on the record date 24 February 2006, be registered in the Mr. Erik Ejerhed Mr. Juha Iso-Herttua Finnish non-profit institutions 6.13 share register of KCI Konecranes kept by the Finnish Central +44-20 7905 5600 +358-9-6817 8651 Finnish private investors 9.40 [email protected] [email protected] Nominee registered shares 64.96 Securities Depository Ltd. Nominee-registered shareholders, Non-Finnish holders 0.67 wishing to attend and vote at the AGM, must request a tempo- Total 100.00 rary entry in the share register on the record date. Shareholders Alfred Berg ABN AMRO Evli Bank Mr. Jan Brännback Mr. Matti Riikonen are asked to submit their notice of attendance by no later than +358-9-2283 2732 +358-9-4766 9631 Monthly trading volume and average share price Source: Finnish Central Securities Depository Ltd, December 31, 2005. 4.45 p.m. on March 3, 2006. A notice of participation can be [email protected] [email protected] on the Helsinki Stock Exchange 2001–2005 submitted at www.konecranes.com/agm2006, by phone on +358-20-427 2001, by fax on +358-20-427 2099 or by e-mail: Number of shares, million EUR Cazenove & Co. FIM Securities Ltd [email protected]. A model of a proxy is available on the Mr. Kenneth Leiling Mr. Lauri Saarela Internet. +44-207 155 8221 +358-9-6134 6307 [email protected] [email protected] Payment of dividends The Board of Directors proposes to the AGM that a dividend Carnegie Investment Bank Handelsbanken Capital Markets of EUR 1.10 per share will be paid for the fiscal year 2005.
Load more

Recommended publications
  • Power Point Presentation Template
    POHJOLA PANKKI ONE-ON-ONE -PÄIVÄ March 9, 2011 Pekka Lundmark, President and CEO Teo Ottola, CFO © 2011 Konecranes Plc. All rights reserved. 1 HIGHLIGHTS OF Q4/10 • Positives – Key macroeconomic indicators continuously positive – Pick-up in Port Cranes boosted Equipment order intake – Continued EBIT margin expansion • Negatives – New equipment orders still relatively low in developed markets Board of Directors proposes a dividend of EUR 1.00 per share © 2011 Konecranes Plc. All rights reserved. 2 CAPACITY UTILIZATION: EU27 AND USA SOURCES: Eurostat (latest data point Q1/11), Federal Reserve Bank of St. Louis (December 2010) © 2011 Konecranes Plc. All rights reserved. 3 CONTAINER TRAFFIC Annual container handling volume Monthly container handling volume SOURCES: Drewry Container Annual 2009/2010, Drewry Freight Shipper Insight (latest data point October 2010) © 2011 Konecranes Plc. All rights reserved. 4 MARKET OUTLOOK AND FINANCIAL GUIDANCE AS OF FEBRUARY 3, 2011 • The demand for maintenance ¾We forecast year 2011 sales and services is expected to be above operating profit to be higher than in last year’s level due to higher 2010 capacity utilization within customer industries • The demand for new equipment is expected to continue to grow in Asia-Pacific and in emerging markets in general. Also, customers in Western Europe and North America are gradually gaining confidence to increase their new equipment investments © 2011 Konecranes Plc. All rights reserved. 5 ABU DHABI PORTS COMPANY (ADPC) RELIES ON KONECRANES • Order of 30 automated stacking cranes (ASC) and a container terminal operating system (TOS) • Order value over EUR 80 million • Delivery in 2012 • Konecranes has a proven solution for ASCs – Earlier delivery of 30 ASCs to Norfolk, Virginia, USA, in operation – 36 ASCs on order for Barcelona, Spain, for delivery in 2012 © 2011 Konecranes Plc.
    [Show full text]
  • Record-High Adjusted EBITA-% Powered by Excellent Commitment and Execution
    Record-high adjusted Interim Report EBITA-% powered by January–September 2020 excellent commitment and execution Q3 Interim Report 2 Q3 January–September 2020 Record-high adjusted EBITA-% powered by excellent commitment and execution This report contains comparison to Konecranes’ historical figures which are Konecranes’ stand-alone financial information as -re ported for 2019. These do not include figures for MHE-Demag as the acquisition of MHE-Demag was completed in January 2020. The combined operations of Konecranes and MHE-Demag started on January 2, 2020. To provide a basis for comparison, this Report contains under separate headings comments to the financial performance of MHE- Demag for the year 2020. Please note that starting from the fourth quarter 2020 any comments on the stand-alone MHE-Demag performance are based on estimates due to the proceeding integration work and legal entity consolidation. Figures in brackets, unless otherwise stated, refer to the same period a year earlier. THIRD QUARTER HIGHLIGHTS JANUARY–SEPTEMBER 2020 • Order intake EUR 565.5 million (715.3), -20.9 percent HIGHLIGHTS (-18.8 percent on a comparable currency basis), orders • Order intake EUR 1,884.0 million (2,386.0), -21.0 per- declined in all Business Areas. Excluding MHE-Demag, cent (-20.3 percent on a comparable currency basis) order intake declined 24.6 percent • Service order intake EUR 694.1 million (765.1), -9.3 • Service annual agreement base value increased 5.9 percent (-8.0 percent on a comparable currency basis) percent (+10.9 percent in comparable currencies) to • Sales EUR 2,242.1 million (2,393.6), -6.3 percent (-5.4 EUR 278.8 million (263.4).
    [Show full text]
  • REACH STACKERS with HEART 2 Konecranes Reach Stackers Remarkable Versatility from CONTAINERS to INDUSTRIAL CARGO
    INDUSTRIAL CRANES NUCLEAR CRANES PORT CRANES HEAVY-DUTY LIFT TRUCKS REACH STACKERS SERVICE MACHINE TOOL SERVICE 10–80 tons REACH STACKERS WITH HEART 2 Konecranes Reach Stackers Remarkable versatility FROM CONTAINERS TO INDUSTRIAL CARGO We have a long history of working with container ports and intermodal terminals that are expert buyers and operators of reach stackers. Our container handling customers demand a lot of us, and we have a long track record of meeting their requirements year after year. Larger reach stackers are needed for railroad stacking. To load and unload on more than one track you need a flexible reach stacker with a large lifting capacity and an extended set of functions. You will find a reach stacker in our range that will meet the specific requirements of your terminal. Industrial workhorses We also work with many industrial companies that need customized reach stackers for their specific industry. Our reach stackers are remarkably adaptable to industrial cargo handling. We provide special spreaders incorporating steel grabs, lifting magnets, vacuum grippers, and coil C-hooks among other attachments. What kind of material do you need to lift and move? Contact us. You’ll probably find we have plenty of experience in your industry and can provide the ideal reach stacker. Applications • Container ports and terminals • Automotive • Railroads and intermodal • Oil and gas • Trimodal river handling • Wind power • Transport, shipping, and logistics • Nuclear power • Steel and aluminum • Waste-to-energy This publication is for general informational purposes only. Konecranes reserves the right at any time, without notice, to alter or discontinue the products and/or specifications referenced herein.
    [Show full text]
  • Creating the Technology to Connect the World
    Nokia Annual Report on Form 20-F 2019 on Form Nokia Annual Report Creating the technology to connect the world Nokia Annual Report on Form 20-F 2019 As filed with the Securities and Exchange Commission on March 5, 2020 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 Commission file number 1-13202 Nokia Corporation (Exact name of Registrant as specified in its charter)) Republic of Finland (Jurisdiction of incorporation) Karaportti 3 FI-02610 Espoo, Finland (Address of principal executive offices) Esa Niinimäki, Deputy Chief Legal Officer, Corporate, Telephone: +358 (0) 10 44 88 000, Facsimile: +358 (0) 10 44 81 002, Karakaari 7, FI 02610 Espoo, Finland (Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person) Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 (the “Exchange Act”): Title of each class Trading Symbol(s) Name of each exchange on which registered American Depositary Shares NOK New York Stock Exchange Shares New York Stock Exchange(1) (1) Not for trading, but only in connection with the registration of American Depositary Shares representing these shares, pursuant to the requirements of the Securities and Exchange Commission. Securities registered pursuant to Section 12(g) of the Exchange Act: None Securities for which there is a reporting obligation pursuant to Section 15(d) of the Exchange Act: None Indicate the number of outstanding shares of each of the registrant’s classes of capital or common stock as of the close of the period covered by the annual report.
    [Show full text]
  • FORK LIFT TRUCKS with HEART 2 Konecranes Fork Lift Trucks
    INDUSTRIAL CRANES NUCLEAR CRANES PORT CRANES HEAVY-DUTY LIFT TRUCKS FORK LIFT TRUCKS SERVICE MACHINE TOOL SERVICE 10 – 65 tons FORK LIFT TRUCKS WITH HEART 2 Konecranes FORK LIFT TRUCKS What are your requirements? THE RIGHT FORK LIFT TRUCK FOR YOUR JOB Konecranes has hundreds of heavy industry customers around the world and deep knowledge of heavy industry requirements for fork lift trucks. Choose your fork lift according to the weight of the material you need to handle and the diversity of tasks you need it to perform. You will find the right lifting capacity, features and attachments in our range. EXPERIENCE at YOUR SERVICE Konecranes fork lift trucks are remarkably adaptable to industrial material handling. We have a long track record of meeting specialized industrial handling requirements like yours. What is your industry? What kind of material do you need to lift and move? Contact us. You’ll probably find we have lots of experience in your industry and can provide the ideal fork lift truck. Industries we serve • Steel, aluminum and mining • Wood and building materials • Container ports and terminals • Transport, shipping and logistics • Pulp and paper • Concrete, bricks and rock • Automotive • General manufacturing • Oil and gas • Wind power • Nuclear • Waste-to-energy • Shipyards and marinas This publication is for general informational purposes only. Konecranes reserves the right at any time, without notice, to alter or discontinue the products and/or specifications referenced herein. This publication creates no warranty on the part of Konecranes, express or implied, including but not limited to any implied warranty or merchantability or fitness for a particular purpose.
    [Show full text]
  • Digital Game Changers National Growth Project for European Market Leadership the Global Coronavirus Pandemic Has Brought a Major Upheaval for Business and Industry
    Digital Game Changers national growth project for European market leadership The global coronavirus pandemic has brought a major upheaval for business and industry. The way we work, optimised value chains and established market positions have changed overnight. The crisis has also altered customer expectations and behaviours. The change is not only due to the business life, the result will be a substantial coronavirus: the maturing of new new growth market for new and future technologies plays a part. The transition competences. has been amplified by the coronavirus Many of these potential future growth areas crisis and recovery package investments are based in Finland. Finland has many will further accelerate this development. factors in its favour. Strengths that we take The old playing field and modes of for granted are gaining global pull. operation are becoming obsolete as new Finland will make its own national choices. business is being developed and the These decisions should fully support the markets are redistributed. We will see new efforts of business and industry to firmly winners. We have a unique opportunity in seize the new opportunities arising from our hands that must not be wasted. the crisis. In practice, the national recovery Pioneering businesses and countries plan must be in line with the policies of our grasping the opportunities created by a European partners and the national growth, transition are best positioned to succeed, education and innovation policy choices grow and create jobs. must allocate resources to the six growth In Finland, the coronavirus crisis has areas. This will stimulate investments in brought out a unique shared national spirit Finland and create new high-value-added of collaboration.
    [Show full text]
  • Annual Report 2007 Nordea Is the Largest fi Nancial Services Group in the Nordic and Baltic Sea Region with a Market Capitalisation of Approx
    Annual Report 2007 Nordea is the largest fi nancial services group in the Nordic and Baltic Sea region with a market capitalisation of approx. EUR 30bn, total assets of EUR 389bn and a tier 1 capital of EUR 14.2bn, as of end December 2007. Nordea is the region’s largest asset manager with EUR 157bn in assets under management. Nordea has approx. 10 million customers in the Nordic region and new European markets, of which 6.8 million are personal customers in customer programme and 0.7 million are active corporate customers. Contents Nordea in brief 2 Highlights 2007 3 CEO letter 4 The Nordea share 6 Key fi nancial fi gures 11 Vision, values and strategy 12 Integrated Group operating model 17 Business development – customers and products 18 People forming Great Nordea 36 Group organisation 38 Corporate Social Responsibility 40 Board of Directors’ report – Financial Review 2007 42 – Customer area results and Product results 46 – Risk, Liquidity and Capital management 52 – Corporate governance 76 5 year overview 82 Quarterly development 83 Income statement 84 Balance sheet 85 Statement of recognised income and expense 86 Cash-fl ow statements 87 Notes to the fi nancial statements 89 Risk and capital adequacy reports for the Parent company 145 Proposed distribution of earnings 148 Audit report 149 Business defi nitions 150 Legal structure 151 Ratings 151 Board of Directors 152 Group Executive Management 154 Group Organisation 155 Annual General Meeting 156 Financial calendar 157 Corporate Governance Report I-II This Annual Report contains forward-looking statements that refl ect management’s current views with respect to certain future events and potential fi nancial performance.
    [Show full text]
  • Annual Report 2010 (Pdf)
    ANNUAL REPORT 2010 REPORT ANNUAL NORTHERN INVENTIVENESS NOkIaN Tyres plc Ann ual report 2010 2 Year 2010 iN bRiEf NokiaN Tyres plc 2010 Safest tyres for northern content conditions Mission statement, year 2010 in brief, key figures..................... 2 Nokian Tyres in brief .................. 3 We have an innate ability to understand clients operating in northern letter from the president conditions, as well as their needs and expectations. We operate in growing and CEO ........................................ 4 strategy ....................................... 6 markets and focus on tyre products and services that offer sustainable Values and success factors ......... 7 added value to our customers in northern conditions. our range also Business environment ................ 8 provides the foundation for the company’s profitable growth. profit centres: Nokian passenger car Tyres ....... 10 Vianor ........................................... 12 Nokian Heavy Tyres .................... 13 year 2010: Nokian Truck Tyres ...................... 14 sales and distribution ................. 15 Rapid return r&D and testing .......................... 16 to the growth track a selection of new products ...... 18 production ................................... 20 ▪ Demand and sales increased strongly in all product environment and safety ............. 22 groups in Nokian Tyres’ core markets. The Group’s competence development ......... 23 net sales improved by 32.5%, and its market share Management 31.12.2010 ........... 24 increased. Board of Directors 31.12.2010 .... 26 ▪ The average price of tyres rose thanks to a better key figures, graphs ..................... 27 sales mix and price increases, and the company enjoyed excellent profitability despite the increase in consolidated income statement .................................... 28 raw material cost. ▪ The success of the company’s main products in car consolidated statement of Financial position ........................ 29 magazine tests boosted the Nokian Tyres brand further.
    [Show full text]
  • STOCK EXCHANGE RELEASE February 4, 2009 at 8.30 A.M
    STOCK EXCHANGE RELEASE February 4, 2009 at 8.30 a.m. Konecranes Nomination and Compensation Committee’s proposal for composition and compensation of the Board of Directors Proposal on Board composition Konecranes’s Nomination and Compensation Committee proposes to the Annual General Meeting of Shareholders on March 12, 2009 the number of Board members be eight. The Committee proposes that following current Board members be re-elected as members of the Konecranes Board of Directors for a term until the close of the Annual General Meeting in 2010: Mr Svante Adde, Mr Kim Gran, Mr Stig Gustavson, Mr Matti Kavetvuo, Ms Malin Persson and Mr Mikael Silvennoinen. Of the current members of the Board Mr Björn Savén and Mr Timo Poranen have announced that they will not be available for re-election. The Committee proposes that Mr Tomas Billing and Mr Tapani Järvinen be elected as new members of the Konecranes Board for the term until the close of the Annual General Meeting in 2010. Mr Tomas Billing is President of Nordstjernan AB, which is one of the larger private investment companies in Sweden. One third of Nordstjernan’s investments are in Finland. Mr Billing holds a graduate degree in Business Administration from Stockholm School of Economics. Mr Billing has an extensive working experience in investment sector including President of Hufvudstaden AB, Sweden’s second largest listed real estate company and Director at the investment company AB Custos, Sweden, where he was responsible for the investment in Hufvudstaden. Mr Tapani Järvinen is the President and CEO of Outotec Oyj, which is a leading global provider of process solutions, technologies and services for the mining and metallurgical industries.
    [Show full text]
  • Modernization Increased Crane Lifetime
    CASE STUDY RUUKKI METALS OY, FINLAND MODERNIZATION INCREASED CRANE LIFETIME CHALLENGE Rautaruukki is a Finnish metal company that provides its customers with energy- efficient steel solutions for better living, working and moving. The company has around 12,000 employees in 30 countries. The N7 bridge crane at their Hameenlinna factory was severely outdated. The original cabin was worn out, and spare parts were no longer readily available. The crane needed to be modernized. SOLUTION The factory had another crane in need of modernization, and a third one at the end of its life cycle. They decided to relocate the cranes. One crane was removed, two cranes were relocated, and a new crane was ordered. After the modernization, the N7 crane was relocated to the dispatch department where it would load coils on to trains and trucks. The crane’s electrical system and drives were updated, the mechanical parts of the trolley and bridge were serviced, and the crane was repainted. Furthermore, the crane was connected to the inventory management system. RESULTS The modernization significantly increased the lifetime of their crane. Adding inventory management made dispatch work easier and more efficient, and enabled them to have better control over their inventory. The customer is completely satisfied with the modernization. “The crane started working immediately and without problems,” says Arto Savolainen, Electrics Maintenance Engineer at Ruukki Metals. “I haven’t heard anything negative, only praise. The production department is completely satisfied with the crane.” PRODUCTS & SERVICES INDUSTRIAL CRANES: Konecranes is the industry benchmark for safety, reliability, cost saving and productivity-enhancing innovation.
    [Show full text]
  • A Study of Valuation Through Multiple Methods of Top Finnish Companies
    A study of valuation through multiple methods of top Finnish companies Rita Virmanen Bachelor’s thesis May 2020 School of Business Degree Programme in International Business Description Author(s) Type of publication Date Virmanen, Rita Bachelor’s thesis May 2020 Number of pages Language of publication: 112 English Permission for web publi- cation: x Title of publication A study of valuation through multiple methods of top Finnish companies Degree programme International Business Supervisor(s) Hundal, Shabnamjit Assigned by JAMK Centre for Competitiveness Abstract The principal theme of the thesis is corporate valuation through alternative techniques. The theoretical part included valuation. Several models and methods of value determination were introduced. The information in the theoretical part was applied in the practical part of the research In the stock market; there are many firms whose market value differs from the intrinsic value. The main goal was to figure out, which of the top Finnish 25 NASDAQ OMX Helsinki firms were under-or overvalued. To address this, methods such as Discounted Cash flow, Free cash flow to the firm, Capital Asset Pricing model, Multiples and Tobin’s Q were applied. In the study, secondary data was used. Historical data collected and consisted 10-year sam- ple of firm’s historical stock market and accounting data from 2005 to 2018, daily stock per- formances of each firm daily stock performances of the general stock market and yearly ac- counting data of each firm. They were analysed by various methods to discover underval- ued firms and figure out their intrinsic value. Microsoft Excel was used to perform the valu- ation tasks.
    [Show full text]
  • 30 June 2020 and Financial Statements
    PRESS RELEASE 1 ( 8 ) 8 September 2020 at 9:30 Solidium Oy’s half-year report 1 January –30 June 2020 and financial statements: Six-month period 1 January–30 June 2020 • The return of Solidium’s equity holdings in the review period was -7.0 per cent • Metso and Outotec merged, and the stake in Neles was agreed to be sold to Valmet Financial year 1 July 2019–30 June 2020 • The return on equity holdings was -8.3 per cent in the financial year • Solidium’s result for the financial year was EUR 211 million • Solidium’s Board of Directors proposes that a dividend of EUR 168 million be paid to the owner Solidium’s CEO Antti Mäkinen comments: “Solidium’s financial year 2019–2020 was overshadowed by the coronavirus pandemic that broke out in the spring and the resulting restrictions that hit the global economy hard. The state of emergency declared had impacts on the operations of several of Solidium’s portfo- lio companies due to weakened demand, in particular. During the financial year, Solidium increased its holding in Konecranes, Nokian Tyres and Nokia, and reduced holdings in Kemira and Sampo. There were also significant transactions in the portfolio companies as Tieto and the Norwegian EVRY as well as Metso and Outotec merged. During the past financial year, we decided to take a more in-depth look into the companies’ carbon balance. We launched a project that benchmarks the carbon dioxide intensity of our portfolio companies against companies in the same industries globally. In accordance with its mandate, Solidium pays to the State the dividends it receives from the portfolio companies.
    [Show full text]