By continuing to use the site, you agree to the use of cookies. You can find out more by following this link

Newsletter Q3/2016

Dear owner / investor / analyst,

The third quarter of 2016 is about to end, and it is time to wrap up the highlights of the quarter before the publication of the January-September 2016 Interim Review, which will be published on October 27, 2016. Please note that the silent period will begin on October 6, 2016. If you wish to book a call before that, please contact Heli (heli.jamsa@valmet.com).
 

Actions and activities in Q3/2016

Capital Markets Day 2016

Valmet hosted its Capital Markets Day on September 20, 2016. The aim of the event was to provide information about Valmet's strategy, according to which Valmet targets to grow with improved profitability.

 

The day, which included presentations from President and CEO Pasi Laine, CFO Kari Saarinen, head of Strategy and Operational Development Juha Lappalainen and all the Business Line Presidents, was webcasted, and a recording of the webcast can be found here. All presentations can be found on the same page.

 

Announcements during Q3/2016

On September 20, Valmet announced that it is hosting its Capital Markets Day. A recording of the webcast and presentation material can be found here.

 

On September 16, Valmet announced that Suzano Papel e Celulose S.A. has filed a request for arbitration against subsidiaries of Valmet Oyj, claiming approximately EUR 80 million. Valmet disputes the claims brought by Suzano and will also actively pursue claims of its own against Suzano for breach by Suzano of its obligations under the Agreements.

 

On September 8, Valmet announced the dates for its financial information in 2017;

  • February 8, 2017 - Financial Statements Review for 2016
  • April 25, 2017 - Interim Review for January-March 2017
  • July 27, 2017 - Half Year Financial Review for January-June 2017
  • October 24, 2017 - Interim Review for January-September 2017

 

On September 6, Valmet announced the composition of Valmet's Nomination Board. Valmet's four largest registered shareholders according to Euroclear on September 1, 2016, have nominated the following persons as their representatives to Valmet's Nomination Board:

  • Kari Järvinen, Managing Director, Solidium Oy
  • Risto Murto, CEO, Varma Mutual Pension Insurance Company
  • Roger Hagborg, Investment Advisory Professional, Solero LuxCo S.à r.l. (Funds adviced by Triton)
  • Satu Huber, CEO, Elo Mutual Pension Insurance Company

 

On September 2, Valmet announced the largest shareholders according to the shareholder register of September 1, 2016 and formation of the Nomination Board.

 

On September 1, Valmet announced that the Swedish Supreme Administrative Court has in a decision of August 30, 2016, refused leave to appeal. The decision to revoke Andritz' patent is thus upheld and the Swedish patent SE 531498 is permanently invalidated. This entails legally that the patent is deemed to never have existed, and as a consequence Andritz' claims for damages in the infringement case in Stockholm District Court are unfounded on all grounds.

 

Upcoming events

October 27, 2016: Publication of the Interim Review January-September 2016.

See the whole Valmet IR calendar.

 

 

Orders received booked for Q3/2016

Announced

Description

Business Line

Country

  Value

Sep 7

Biomass-fired boiler plant and related biofuel storage and conveyor systems

Pulp and Energy

Denmark

Over EUR 150 million

Sep 9

Key technology for a board machine

Paper

Vietnam

Not disclosed. Typically, an order of this type is valued at EUR 15-20 million.

Sep 14

Biofuel-fired boiler plant and related environmental systems

Pulp and Energy

Sweden

About EUR 60 million

Sep 29

Paper machine modifications and a new winder

Paper

Austria

Not disclosed. The value of an order of this type is typically EUR 5-10 million.

Click here to see all announced orders

 

Best regards,

Calle Loikkanen

Director, Investor Relations