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Disclosure policy

Principles of IR communications

When issuing communications to the capital markets, Suominen observes the requirements of the Finnish Securities Markets Act, the regulations and guidelines issued by the Finnish Financial Supervisory Authority and NASDAQ OMX Helsinki, and other statutory rules.

The goal of investor relations (IR) communications is to provide reliable, sufficient, and up-to-date information to enable the market to set a value on the company's share. Suominen follows the principle of equitability in its IR communications.

Investor information is published in the form of stock exchange releases issued through NASDAQ OMX Helsinki and is provided simultaneously to key media. The company also aims to publish all information without delay on its website in Finnish and English.

Responsibilities

The Corporation's CEO and CFO are responsible for financial and IR communications. In addition to the CEO and CFO, only the Chairman of the Board is authorised to issue statements on Suominen's finances and performance and to comment on matters of a financial nature or related to the company's results. The Board of Directors approves important stock exchange releases.

Matters to be disclosed

Suominen publishes information on decisions and other issues or circumstances that could have a significant impact on the value of the company's share. The publication of information is assessed on the basis of its significance. The significance of an issue can be influenced both by its euro value and by its strategic importance to business operations.

Matters to be disclosed include financial statement releases and interim reports that form part of the company's regular reporting responsibilities and other matters covered by the requirement to provide ongoing information.

The regular financial reviews include an analysis of the development of the company's result and financial position during the financial period in relation to the previous corresponding financial period and in comparison with the preliminary estimates given by the company. The reviews provide an analysis of changes in net sales and cost factors that affect profitability and recount the significant changes in the company's financial situation.

Covering the requirement to provide ongoing information, essential information is published in the form of stock exchange releases. Information that has a substantial impact on the company's share price includes the following, among others: changes in company management, future prospects, profit warnings, major investments, loan arrangements, mergers and acquisitions, significant changes in the operating environment, a significant redirection of business operations or new partnership arrangements, the commencement of significant judicial proceedings or a decision made thereon and a significant decision made by the authorities.

In addition to what is required under various regulations and guidelines, Suominen observes the following principles in its communications:

  • The Group strives to provide a well-reasoned assessment of the company's future development. No assessment of future prospects is provided, however, where sufficient uncertainty exists. Future prospects can be given either as prospects of a general nature that describe the company's future development or as more detailed results forecasts. When projecting future prospects, Suominen also aims to identify the most significant uncertainties likely to affect the company in the near future.
  • Agreements signed with customers are generally of a framework nature and designed to provide a foundation for operations. The volumes and materials written into such agreements are not necessarily delivered as such. Suominen does not generally provide information about the commercial agreements that it enters into with its customers because of the confidentiality of the contracts in question.
  • Information on mergers and acquisitions that are expected to have a substantial impact on the company's share price are announced in accordance with the requirements covering these issues, when a binding agreement has been signed or when negotiations have reached a point at which a transaction appears certain to be completed.

Channels and meetings

Suominen publishes a calendar of the dates when it plans to announce its annual and interim results. The calendar can also be consulted at the company's website. The company regularly arranges IR meetings in connection with the announcement of its annual and interim results. Company representatives also meet with investors at IR events organised by the company and other bodies.

No meetings between investors and company representatives will be arranged, nor will any comments on financial performance be issued during the silent period observed between the end of a financial period and the disclosure of the results for that period.