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
资本马克ets 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 foundhere. All presentations can be found on the same page.
Announcements during Q3/2016
On9月2日0,Valmet announcedthat it is hosting its Capital Markets Day. A recording of the webcast and presentation material can be foundhere.
On9月1日6,Valmet announcedthat 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.
OnSeptember 8,Valmet announcedthe 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
OnSeptember 6,Valmet announcedthe 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
On9月2日,Valmet announcedthe largest shareholders according to the shareholder register of September 1, 2016 and formation of the Nomination Board.
On9月1日,Valmet announcedthat 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 wholeValmet 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 |
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 |
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