Construction and Engineering
Company Overview of Rautaruukki Corporation
Ruukki Corporation provides energy-efficient building and construction solutions serving the construction industry. It offers the Ruukki on-wall solar system that converts sunlight into electricity for a building. The panel can be installed on both new buildings and renovated buildings, primarily suited to retail, industrial, warehouse, and logistics buildings. The company also provides Liberta Solar, a building-integrated photovoltaic system that also functions as the façade of a building. In addition, its delivery package includes cables and PV inverters. The company was founded in 1960 and is headquartered in Helsinki, Finland. As of July 22, 2014, Rautaruukki Corporation operates as a su...
Founded in 1960
Key Executives for Rautaruukki Corporation
Chairman of Corporate Executive Board, Chief Executive Officer and President
Acting Chief Financial Officer, Executive Vice President of Business Development, Member of Corporate Executive Board and Director
Chief Technology Officer, President of Mechanical Engineering Solutions Division, Member of Metal Products Division and Member of Metal Fabrication Solutions Division
Deputy Chief Executive Officer
Senior Vice President of IT, SCM, Opex & Real Estate and Member of Corporate Executive Board
Compensation as of Fiscal Year 2015.
Rautaruukki Corporation Key Developments
Ruukki Construction Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Oct 22 15
Ruukki Construction announced earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported sales of SEK 1,496 million compared to SEK 1,836 million a year ago. EBITDA was SEK 106 million compared to SEK 138 million a year ago. Operating profit was SEK 64 million compared to SEK 72 million a year ago. Sales were down 19% compared with the third quarter of 2014. This was primarily due to lower sales in Russia and Romania. Earnings were down primarily due to lower volumes, which were partly offset by lower fixed costs. Capital expenditure payments during the third quarter were SEK 26 million compared to SEK 11 million a year ago.
For the nine months, the company reported sales of SEK 4,131 million compared to SEK 4,685 million a year ago. EBITDA was SEK 144 million compared to SEK 189 million a year ago. Operating profit was SEK 15 million compared to SEK 12 million a year ago.
Rautaruukki Corporation Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 25 15
Rautaruukki Corporation announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net loss attributable to owners of the company was EUR 2 million, or EUR 0.02 loss per share, compared to a net loss attributable to owners of the company of EUR 1 million, or EUR 0.01 loss per share, for the same quarter ended June 30, 2014. Net sales were EUR 617 million, compared to EUR 633 million for the same quarter ended June 30, 2014.
For the six months, the company's net loss attributable to owners of the company was EUR 21 million, or EUR 0.15 loss per share, compared to a net loss attributable to owners of the company of EUR 5 million, or EUR 0.03 loss per share, for the same period ended June 30, 2014. Net sales were EUR 1.2 billion, compared to EUR 1.22 billion for the same period ended June 30, 2014.
Ruukki Construction Appoints Jarmo Tonteri as Interim Head
Jul 30 15
Ruukki Construction has appointed Jarmo Tonteri as its interim head. Jarmo Tonteri will report to the Board of Directors of Ruukki Construction Oy and to the President and CEO of SSAB, Martin Lindqvist. The current head of Ruukki Construction, Marko Somerma, will leave the company as of June 30, 2015.
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