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HEL:OKM1V ISIN:FI0009009054
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Okmetic Oyj (HEL:OKM1V) Okmetic Oyj initiates personnel negotiations in accordance with the Finnish Act on Cooperation within Undertakings in Finland today. The negotiations aim to secure the company's profitability in the weakened market situation that currently prevails in the semiconductor industry in particular, by cutting personnel costs and fixed costs.
Okmetic Oyj (HEL:OKM1V) Okmetic Oyj has a 13.2 percent share in a Swedish company Norstel AB, which is currently under development. In a meeting held today, the Okmetic Oyj board of directors decided that, due to the current situation of Norstel AB, there is sufficient objective evidence of decrease in their stock value and the original acquisition cost will thus be recorded as value adjustment in the expenses section of the profit and loss account. This reduces the annual profit of the Okmetic group by 2.5 million euro and the annual profit of Okmetic Oyj by 3.2 million euro. The holdings have been accounted for as investments available-for-sale and change in fair value has been accounted for in fair value reserve of equity.
Okmetic Oyj (HEL:OKM1V) In the year 2009 Okmetic group will publish financial information as follows:
Okmetic Oyj (HEL:OKM1V) The extraordinary general meeting of Okmetic Oyj held on 6 November 2008 decided that the number of members on the company's board of directors would be increased to six. Henri Österlund, Managing Director of Accendo Capital Partners Oy, was appointed as a new member of the board. The general meeting accepted the board of directors' proposal regarding the board's authorisation to repurchase or transfer rights to the company's own shares.
Okmetic Oyj (HEL:OKM1V) Okmetic is a technology company that supplies customised silicon wafers to the sensor and semiconductor industries and also sells its technological expertise. During the period under review, Okmetic's net sales amounted to 52.1 million euro (48.9 million euro). Profit for the period was 6.9 million euro (4.8 million euro). Earnings per share amounted to 0.41 euro (0.28 euro).
Okmetic Oyj (HEL:OKM1V) Notification of a change in holdings as required by Chapter 2, Section 10 of the Finnish Securities Markets Act:
Okmetic Oyj (HEL:OKM1V) Okmetic Oyj will publish its interim report for January-September 2008 on Thursday, 30 October 2008 at 1.30 p.m.
Okmetic Oyj (HEL:OKM1V) The board of directors of Okmetic Oyj has decided to convene an extraordinary general meeting on Thursday 6 November 2008 at 8.30 a.m. The meeting will be held in the Seutula conference room in Okmetic's head office at Piitie 2 in Koivuhaka, Vantaa, Finland.
Okmetic Oyj (HEL:OKM1V) Notification of a change in holdings as required by Chapter 2, Section 10 of the Finnish Securities Markets Act:
Okmetic Oyj (HEL:OKM1V) Notification of a change in holdings as required by Chapter 2, Section 10 of the Finnish Securities Markets Act:
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