Year 2017

Board of Directors' proposal


Board of Directors' proposal to the Annual General Meeting

      

According to the financial statements for 2017, the parent company’s distributable funds total EUR 480,292,766.45 of which the loss for the financial year accounts for EUR 8,671,085.70 .

      

No material changes in the company’s financial standing since the end of the financial period, nor does the solvency test, as referred to in Section 13(2) of the Finnish Limited Liability Companies Act, affect the proposed distributable profits.

      

The Board of Directors proposes to the Annual General Meeting a dividend of EUR 27,000,000.00 to be distributed. In addition, the Board of Directors proposes an extra dividend of EUR 13,000,000. The total dividend distribution would be EUR 40,000,000 and EUR 440,292,766.45 would be retained in the shareholders' equity.