2013-10-01 08:10:05 -
OKMETIC OYJ STOCK EXCHANGE RELEASE 1 OCTOBER 2013 AT 9.00 a.m.
OKMETIC'S CAPITAL MARKETS DAY: STRATEGY BASED ON HIGH VALUE ADDED PRODUCTS
SUPPORTS PROFITABILITY IN CHALLENGING MARKET CONDITIONS
Okmetic Oyj arranges a Capital Market Day targeted for institutional investors
and analysts in Helsinki today, Tuesday, starting at 9.00 a.m. The theme of the
day is "Outperforming a tough market". At the event, the company's management
will present business outlook, strategy and core objectives. The presentation
materials will be available at the company's website www.okmetic.com, under
Investors/Presentation materials, today Tuesday approximately at 9.00 a.m.
In recent years the company has outperformed other players in the silicon wafer
industry. The long-term objective is to grow profitably and faster than the
market. In order to achieve this objective and to secure the company's
has determinedly renewed the Vantaa plant since 2009. In
addition the company has built the most flexible order-delivery chain in the
industry, partly based on subcontracting.
Okmetic's customers comprise companies operating in the sensor and semiconductor
industries. The demand peaks of the customer industries differ somewhat from
each other. This year, sales reported under Other business, which primarily
consist of delivers to the solar cell industry, have been substantially lower
than in previous years due to low global market prices. As said before, this
structural change will reduce the company's net sales for 2013 as anticipated.
However, Okmetic met its long-term profitability target in the first half of
2013 despite challenging conditions. The profitability was backed by the product
mix with emphasis on high value added products, and by cost-saving measures
carried out especially in the company's supply chain. The capital expenditure
level is slightly declining, however, still estimated to exceed the depreciation
level in 2014.
In 2013, the silicon wafer market value has decreased already for the third
year. This has led to heavy price competition. Therefore, Okmetic concentrates
on high value added products in its production in order to keep margins at
target levels. Market turnaround requires upturn in the macro economy.
Okmetic's goal is to maintain its leading market position in demanding sensor
wafers, and to develop the flexibility of its manufacturing to enable a high
value added product mix in both the growing market for 200 mm silicon wafers and
in 150 mm wafers, representing the majority of Okmetic's production.
For further information, please contact:
President Kai Seikku, Okmetic Oyj,
tel. +358 400 200 288, email: firstname.lastname@example.org
NASDAQ OMX Helsinki
OKMETIC IN BRIEF
Take it higher
Okmetic is a technology company which supplies tailor-made silicon wafers for
sensor and semiconductor industries and sells its technological expertise.
Okmetic provides its customers with solutions that boost their competitiveness
Okmetic's silicon wafers are part of a further processing chain that produces
end products that improve human interaction and quality of life. Okmetic's
products are based on high-tech expertise that generates added value for
customers, innovative product development and an extremely efficient production
Okmetic has a global customer base and sales network, production plants in
Finland and the US and contract manufacturers in Japan and China. Okmetic's
shares are listed on NASDAQ OMX Helsinki under the code OKM1V. For more
information on the company, please visit our website at www.okmetic.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Okmetic Oyj via Thomson Reuters ONE