Sanitec Corporation’s Interim Report January - June 2014: Favourable position


Helsinki, 18 July 2014, 08:00 CET/ 09:00 EET

Second quarter 2014 in brief

  · Net sales for the second quarter amounted to EUR 175.4 million (182.2).
Comparable net sales for the second quarter were 1.1% lower than prior year1).
  · Operating profit for the second quarter amounted to EUR 19.8 million (19.7),
11.3% (10.8) of net sales.
  · Profit for the second quarter amounted to EUR 3.3 million (13.0), affected
by one-off refinancing costs of EUR 10.6 million.
  · Earnings per share, basic and diluted, were EUR 0.03 (0.13).
  · Cash flow from operating activities for the second quarter amounted to EUR
25.9 million (17.2).
  · As of 13 June 2014 Sanitec redeemed and delisted the Senior Secured Floating
Rate Notes with the amount of EUR 250 million from the Luxembourg Stock Exchange
after implementation of a new financing structure.

January – June 2014 in brief

  · Net sales for the period amounted to EUR 359.0 million (358.9). Comparable
net sales for the period were 2.1% higher than prior year1).
  · Operating profit for the period amounted to EUR 39.3 million (33.2), 10.9%
(9.3) of net sales.
  · Profit for the period amounted to EUR 14.8 million (23.1).
  · Earnings per share, basic and diluted, were EUR 0.15 (0.23).
  · Cash flow from operating activities for the period amounted to EUR 13.1
million (4.1).

1) Calculated in comparable legal structure and constant currency, i.e. organic
change

Please click the attached pdf document or visit www.sanitec.com
(Investors>Reports) to download Sanitec's Interim Report January – June 2014 in
English or in Swedish.
For additional information, please contact:

Niklas Alm
Head of Investor Relations
ir@sanitec.com
mob. 46 76 855 7836

Noora Koikkalainen
Head of Corporate Communications
sanitec.corporation@sanitec.com
tel. 358 10 662 5426
About Sanitec – “Home of the Bathroom”

Sanitec is the leader in bathroom ceramics in Europe. We have a unique portfolio
of some of the most well-known brands with deep roots in the European fixtures
markets, strategically positioned to address local markets. We care passionately
about people’s needs when it comes to complete bathroom concepts, providing
products that stand for guaranteed quality, high level of innovation and
attractive design. Stable relationships with key stakeholders in the value chain
and our unique brand strengths foster our leading position as well as the
loyalty and trust amongst our customers, our network of installers and the end
users of our products.

Sanitec operates an integrated European group with an unparalleled local
presence to provide the best value when it comes to bathroom products. In 2013
net sales amounted to EUR 702 million. Our production network includes 18
production facilities throughout Europe and currently Sanitec employs
approximately 6,200 people. Our head office is located in Helsinki, Finland. The
shares in Sanitec Corporation are traded on NASDAQ OMX Stockholm under the
symbol “SNTC”.

For more information about Sanitec, please visit www.sanitec.com.

Attachments

07154044.pdf