Rautaruukki Corporation Stock exchange release 7 December 2011 at 14.00 EET Rautaruukki's management will re-affirm the company's strategy at the Capital Markets Day being held in London today. Strongest growth is expected from Russia and other emerging markets. Specialisation continues to be the focus for Ruukki. In the Nordic markets, the company's aim is to strengthen market positions. Earnings guidance for 2011 remains unchanged. "The debt crisis in Europe has increased uncertainty on the financial markets and weakened general confidence in the economy. However, growth forecasts in Ruukki's main markets in the Nordic countries, Central Eastern Europe and Russia are still relatively more positive than elsewhere in Europe. Our main objectives for the latter part of the year are to improve operational efficiency, free up working capital and thus improve cash flow. Due to efficiency measures already completed, our cost structure is considerably lighter than before the previous economic crisis in 2008-2009. In the construction business, our modern manufacturing and sales network in Central Eastern Europe and a strong foothold on the Russian steel construction markets provide a good foundation for future growth. In the engineering business, our focus is on products in which we can capitalise more strongly than earlier on our own design and materials expertise. More than half of our engineering capacity is already in emerging market countries. In our steel business, the investments in technology and production capacity needed to increase the share of special steel products have already been made. The strong position of our steel service centres in the Nordic countries remains especially important in the prevailing market conditions. We re-affirm the company's existing strategic targets. To achieve these targets requires not just organic growth, but also acquisitions," says President & CEO Sakari Tamminen. Strategic targets unchanged In October 2010, Ruukki announced its targets for the coming years. These targets are: - growth in the share of emerging markets to 50 per cent of consolidated net sales (27% in Q1-Q3/2011) - growth in the share of the solutions businesses - construction and engineering - to 60 per cent of consolidated net sales (35% in Q1-Q3/2011) - increase in the share of special steel products to 60 per cent of the company's steel business (33% in Q1-Q3/2011:) - strengthened market position in all core businesses Energy efficiency is the theme of Ruukki's Capital Markets Day Ruukki aims to develop increasingly more energy-efficient products and solutions for our customers. Our customers' interest in low-emission, energy-efficient technology is reflected in Ruukki's business, especially in construction and in the lifting, handling and transportation equipment industries. For the customer, this means lighter structures, lower energy costs and reduced emissions. Earnings guidance remains unchanged Ruukki keeps its earnings guidance unchanged. Consolidated net sales in 2011 are estimated to grow approximately 15-20 per cent year on year. Profitability is estimated to improve compared to 2010. Capital Markets Day material Capital Markets Day presentation material in English will be available from approximately 14.00 EET on 7 December 2011 at www.ruukki.com/investors. A live webcast of the Capital Markets Day programme can be followed on the same website starting from 15.00 EET onwards. For further information, please contact: Sakari Tamminen, President & CEO, tel. +358 20 592 9075 Markku Honkasalo, CFO, tel. +358 20 592 8840 Rautaruukki Corporation Taina Kyllönen SVP, Marketing and Communications Rautaruukki supplies metal-based components, systems and integrated systems to the construction and engineering industries. The company has a wide selection of metal products and services. Rautaruukki has operations in 27 countries and employs around 11,700 people. Net sales in 2010 totalled around EUR 2.4 billion. The company's share is quoted on NASDAQ OMX Helsinki (Rautaruukki Oyj: RTRKS). The Corporation uses the marketing name Ruukki. DISTRIBUTION: NASDAQ OMX Helsinki Main media www.ruukki.com [HUG#1569702]
Ruukki's Capital Markets Day on 7 December 2011: Emerging markets as growth drivers - energy efficiency as special theme
| Source: Rautaruukki