Return on equity amounted to 8.4 (9.2) percent. The company's equity ratio was
69.7 (73.2) percent. Equity per share was 3.63 (3.56) euro.
In January-June, Okmetic's capital expenditure amounted to 4.1 (7.0) million
euro. The investments were directed to debottlenecking and automatisation of
wafer production lines as well as expansion of the Vantaa plant.
In January-June, the company expensed 1.2 (1.1) million euro in product
development projects, corresponding to 3.5 (2.8) percent of net sales. Product
development costs were not capitalised. Product development was directed to SOI
wafers as well as high and low resistivity wafers.
On average, Okmetic employed 365 (364) people in January-June. At the end of the
period, Okmetic had 379 (390) employees, of which 337 worked in Finland, 37 in
the US, four in Japan, and one in Hong Kong.
Okmetic Oyj's annual general meeting, which was held on 10 April 2013, adopted
the annual accounts and the consolidated annual accounts for 2012 and discharged
the company's management from liability. It was decided that a dividend of 0.25
euro per share would be distributed for 2012. The dividend was paid on Monday
22 April 2013. The annual general meeting decided also, in accordance with the
proposal of the board of directors, to authorise the board to decide upon its
discretion on the payment of a dividend, should the company's financial
situation permit this. The additional dividend, including all possible separate
decisions on dividend payment, may amount up to a maximum of 0.40 euro per share
and 15,000,000 euro in total. Moreover, the general meeting approved the
proposal of the board of directors to authorise the board to decide on the
repurchase and/or the acceptance as pledge of the company's own shares as well
as on the issuance of shares, the transfer of the company's own shares, and the
issuance of special rights entitling to shares.
It was decided that there would be five members on the company's board of
directors. Mr. Tapani JÄrvinen, Mr. Hannu Martola, Ms. Mervi Paulasto-KrÖckel,
Mr. Mikko Puolakka, and Mr. Henri Österlund were re-elected as members of the
board of directors until the end of the next annual general meeting. The board
of directors elected Henri Österlund as its chairman and Tapani JÄrvinen as its
vice chairman in its organising meeting held immediately after the annual
Authorised Public Accountant PricewaterhouseCoopers Oy was elected as auditor,
with APA Mikko Nieminen having the principal responsibility.
Authorisations given to the board of directors and other decisions of the annual
general meeting were disclosed in a stock exchange release published on 10 April
There have been no significant changes in the company's near future business
risks and uncertainties.