D virtue company on January 1, 2016 - December 31

Unless otherwise specified, the data to compare the data in parentheses, the data in the same period of last year.Automation business line financial data from the date of the merger business lines, namely2015years4month1Results, into d virtue.

2016years1-12Month: new orders

  • New orders rose to 3.139 billion euros (2.878 billion euro).
    • , paper pulp and energy as well as the service line of business new orders.
    • Automation business line new orders for 299 million euros.
    • Asia Pacific, South America and EMEA region new orders increase;China and North America.
  • Net sales flat with the previous year, to 2.926 billion euros (2.928 billion euros).
    • Service and papermaking business line net sales flat with the previous year;Lines of business to reduce pulping and energy
    • Automation business line new orders for 290 million euros.
  • Operating cash flow for 246 million euros (78 million euros).

2017In guidance

D virtue, net sales in 2017 and 2016 (2.926 billion euros).

The short-term outlook

The overall economic outlook

After the 2016 recession, in 2017 and 2018, the world economy to recover, especially in emerging markets and developing countries.Nonetheless, given the new government came to power after the policy uncertainty and its knock-on effects, recovery is still not optimistic, the international monetary fund (imf), January 16, 2017).

Short-term market forecasts

D virtue reiterated paper and paperboard short-term market forecast to (formerly satisfaction level) as a good level.

D virtue repeated daily paper and energy market short-term market prediction in a good level, services, automation and pulping for satisfaction level.

The highest executive chairman andPasi Laine: new orders increased.Did not pay the order充足,可确保未来发展

In 2016, under the joint efforts of all lines of business, our new orders increased by 9%.Services and automation stable business contribution of 1.5 billion euros, accounting for 47%.In 2016, we achieve a stable business growth in new orders and new project.In terms of new project, the paper the development of energy and life is fast.Always maintain good without pay orders throughout the year.The foundation for 2017, have a good start.

Over the past two years, we focus on stable business.2016years,我们推出维美德全新的服务模式,在服务和自动化方面,都取得进展。新财务目标可确保未来继续以稳定业务发展为中心。

The main data

Millions of euros

Q4/2016

Q4/2015

change

2016

2015

change

New orders

857

793

8%

3139

2878

9%

Did not pay the order1

2283

2074

10%

2283

2074

10%

Net sales

785

854

- 8%

2926

2928

0%

Operating cash flow

88

64

38%

246

78

> 100%

After the investment cash flow

72

51

42%

188

- 287.

1The end of the semester.

Asset-liability ratio

As of2016years12month31day

As of December 31, 2015

As of September 30, 2016

The final assets ratio

37%

36%

38%

The final ratio

6%

21%

15%

New orders, millions of euros

Q4/2016

Q4/2015

change

2016

2015

change

service

284

267

6%

1182

1119

6%

automation

78

67

18%

299

222

-

Pulping and energy

247

261

- 5%

939

864

9%

The paper

246

199

24%

718

673

7%

A combined

857

793

8%

3139

2878

9%

Not pay orders, millions of euros

As of2016years12month31day

As of December 31, 2015

change

As of September 30, 2016

A combined

2283

2074

10%

2192

Net sales, millions of euros

Q4/2016

Q4/2015

change

2016

2015

change

service

316

314

1%

1163

1128

3%

automation

94

95

- 1%

290

229

-

Pulping and energy

187

245

- 24%

826

913

- 9%

The paper

188

200

- 6%

647

659

- 2%

A combined

785

854

- 8%

2926

2928

0%


Investors and media news conference

Finnish time (EET) on February 8, 2017 at 3:00, conference in Espoo, Finland Keilaniemi, Keilasatama 5, 02150 d headquarters for virtue.The conference language is English.

Conference contents through Twitter, urlwww.twitter.com/valmetirUnderstanding.

About the dimension of virtue

D virtue is the world's leading developers and pulp, paper and energy industry suppliers, to provide technology, automation and services business.Our vision is to become the world's best service providers.

D virtue strong technical strength, including pulping, household paper, paper and cardboard production line, and the biomass production of power plants.Our advanced services and automation solution to improve the reliability and performance of processes, improve the utilization of raw materials and energy.

D virtue in the net sales of nearly 2.9 billion euros in 2016.Our 12000 professionals around the world for customer service, committed to advancing customers every day.D virtue has its headquarters in Espoo, Finland in Helsinki, the nasdaq stock exchange.

Welcome to visit: www.blackletterday.com www.blackletterday.com/cn