The Annual General Meeting of Patria Oyj on 6th of April 2016
The Annual General Meeting of Patria Oyj adopted the Consolidated Financial Statements for the financial period that ended on 31st December 2015.
Patria Group’s net sales for 2015 totalled EUR 427.7 million (EUR 462.0 million in 2014), down by 7.5 % as expected. Defence solutions and their lifecycle business accounted for 93 % (89 %) and civilian products for 7 % (11 %) of net sales, while 31 % (50 %) of net sales accrued from abroad.
The Group’s operating profit for the Financial Period was EUR 46.8 million, representing 10.9% of net sales (EUR 56.0 million, 12.1% in 2014). The consolidated income before taxes amounted to EUR 44.4 million (EUR 54.7 million). The Group’s return on equity was 19.0% (18.7%).
It was decided to discharge the members of the Board of Directors and the President from liability for the financial period of 2015. Furthermore, the Annual General Meeting decided, according to the Board of Directors’ proposal, to distribute a dividend of EUR 0.50 per share owned by the State of Finland and Governia Oy, totally EUR 13 920 944.50, representing 36 % of Group’s profit.
Christer Granskog, MSc (Eng.) will continue as the Chairman of the Board of Directors of Patria Oyj, and Kirsi Komi, Master of Laws, as the Vice Chairman. Kari Rimpi, Lieutenant General retired, Sari Helander, CFO, Posti Group Oyj and Marko Hyvärinen, Financial Counsellor, Prime Minister’s Office, Ownership Steering Department will continue as members of the Board of Directors.
Sinuhe Wallinheimo, M.P., will continue as the Chairman of Patria Oyj Consultative Committee and Kalle Hyötynen, member of Tampere city council, as the Vice Chairman. Mika Kari, M.P., Kari Takanen, Rear Admiral, Navy Commander, Mikko Savola, M.P., Petri Peltonen, Director General, Department of Enterprise and Innovation, Ministry of Employment and the Economy, Raimo Vistbacka, Master of Laws, Eero Järvinen, Armoured Vehicle Mechanic, Patria, Jussi Karimäki, Equipment Assembler, Patria, Juha Kuusi, System Specialist, Patria and Petri Pitkänen, workshop manager Patria, will continue as members of the Consultative Committee.
PricewaterhouseCoopers Oy (PwC), Authorised Public Accountants, will continue as Auditor. Mr Jouko Malinen, MSc (econ.), APA is the partner in charge of the audit.
Further information:
Birgitta Selonen, Vice President Corporate Communications, Patria Group,
phone +358 40 869 2043, [email protected]
Patria is a trusted provider of defence, security and aviation life cycle support services and technology solutions. Besides Finland, the Group has operations in Sweden, Norway, Estonia, Poland, the United Arab Emirates, the United States, and South Africa. Patria employs 2,800 professionals.
