Board's proposal concerning the disposal of profits

According to the consolidated balance sheet of 31 December 2016, the parent company’s shareholders’ equity is EUR 403,144,713.66 of which distributable funds account for EUR 313,529,045.18.

The parent company’s profit for the period 1 January to 31 December 2016 was EUR 206,340,370.02.

The Board of Directors proposes to the General Meeting of Shareholders that the distributable funds be used as follows:

  • a dividend of EUR 1.50 per share shall be paid for a total of EUR 239,429,916.00
  • no dividend shall be paid on shares in the parent company’s possession
  • EUR 74,099,129.18 shall be retained in shareholders’ equity.

Signatures to the Board of Directors’ report and financial statements

Helsinki, 26 January 2017



Raimo Lind                                                Clarisse Berggårdh                        Petteri Koponen
Chairman of the Board of Directors                                                                                                      



Leena Niemistö                                         Seija Turunen                                Jaakko Uotila



Mika Vehviläinen                                      Veli-Matti Mattila 
                                                                   President and CEO                                                                                 

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