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Rautaruukki Oyj Proposes FY 2012 Dividend of EUR 0.20 per Share; Issues FY 2013 Financial Guidance in Line with Analysts' Estimates


Friday, 15 Feb 2013 02:00am EST 

Rautaruukki Oyj announced that its Board of Directors proposes payment of a fiscal year 2012 dividend of EUR 0.20 per share, to make a total dividend payout of EUR 28 million. For fiscal year 2011, the Company paid a dividend of EUR 0.50 per share, which made a total dividend payout of EUR 69 million. The Company also announced that it expects to report fiscal year 2013 comparable net sales at the same level as in fiscal year 2012. It also expects to report fiscal year 2013 comparable operating profit improved compared to fiscal year 2012 and positive. The Company reported fiscal year 2012 net sales of EUR 2,789 million and fiscal year 2012 operating profit of negative EUR 65 million. According to I/B/E/S estimates, analysts on average are expecting the Company to report fiscal year 2013 net sales of EUR 2,731.72 million and fiscal year 2013 operating profit (EBIT) of EUR 67.50 million. 

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