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Tuesday 01 October, 2013

Okmetic Oyj

OKMETIC'S CAPITAL MARKETS DAY: STRATEGY BASED O...

OKMETIC'S CAPITAL MARKETS DAY: STRATEGY BASED ON HIGH VALUE ADDED PRODUCTS SUPPORTS PROFITABILITY IN CHALLENGING MARKET CONDITIONS

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 competitiveness Okmetic 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.

OKMETIC OYJ

Kai Seikku
President

For further information, please contact:

President Kai Seikku, Okmetic Oyj,
tel. +358 400 200 288, email: [email protected]

Distribution:

NASDAQ OMX Helsinki
Principal media
www.okmetic.com

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 and profitability.

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 process. 

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.




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Source: Okmetic Oyj via Thomson Reuters ONE

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