Annual Report 2015

Board of Directors' proposal

 

Board of Directors' proposal to the Annual General Meeting

           

According to the financial statements for 2015, the parent company’s distributable profits total EUR 710,146,335.35 of which net profit for the financial year accounts for EUR 1,365,597.50.

           

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 18,000,000.00 to be distributed and EUR 692,146,335.35 retained in the shareholders' equity.