BUSINESS OPERATIONS AND VALUE CREATION
SUSTAINABILITY REPORT
FINANCIAL DEVELOPMENT
GOVERNANCE
The Board’s proposal to the Annual General Meeting for the distribution of funds
The distributable funds of the company are EUR 609,287,153.42 of which retained earnings constitute EUR 287,026,854.12 and profit for the period EUR 111,620,817.49.
The Board of Directors proposes the following to the Annual General Meeting regarding the distribution of funds:
Dividend of EUR 0.58 per share be paid, or in total
205,617,392.68
To be left in the unrestricted shareholders' equity
403,669,760.74
Distributable funds of the company
609,287,153.42
The Board of Directors proposes that the dividend will be paid on 5 April, 2023.
No material changes have been taken place in respect of the company’s financial position after the balance sheet date. The liquidity of the company is good, and in the opinion of the Board of Directors, the proposed profit distribution would not compromise the liquidity of the company.
Espoo 8 February 2023
Ilkka Hämälä
Jussi Linnaranta
Hannu Anttila
Raija-Leena Hankonen-Nybom
Erja Hyrsky
Mari Kiviniemi
Jukka Moisio
Timo Saukkonen
Veli Sundbäck
Mika Joukio CEO
156
Powered by FlippingBook