Rautaruukki Corporation and Ruukki Group Oyj settled their name dispute. Consequently Ruukki Group is to change its names. Ruukki Group is to assign all its rights to the Ruukki name and Ruukki trademark to Rautaruukki. The agreement includes a transition period of six months within which time Ruukki Group will change the names of the listed company and all its subsidiaries. Under the agreement, Ruukki Group will assign all Ruukki trademarks in its possession and its rights to the Ruukki name to Ruukki. Thereafter, the parties will abandon legal actions initiated against each other. Rautaruukki will pay Ruukki Group compensation for the rights. This compensation is not significant.

Rautaruukki Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of EUR 590 million against EUR 702 million a year ago. Operating profit was EUR 4 million against operating loss of EUR 16 million a year ago. Negative result before income tax was EUR 4 million against EUR 27 million a year ago. Negative result for the period attributable to owners of the company was EUR 4 million or EUR 0.03 per basic and diluted share against EUR 20 million or EUR 0.15 per basic and diluted share a year ago. Net cash from operating activities was EUR 22 million against EUR 54 million a year ago. Negative return on equity (rolling 12 months) was 9.0% against 3.1% a year ago. Comparable net sales were EUR 590 million against EUR 699 million a year ago. Comparable operating profit was EUR 5 million against comparable operating loss of EUR 15 million a year ago. Comparable negative result before income tax was EUR 3 million against EUR 25 million a year ago. Investments in tangible and intangible assets totaled EUR 17 million (compared to EUR 23 million for the same period a year ago), of which maintenance investments accounted for EUR 12 million (compared to EUR 15 million for the same period a year ago) and development investments EUR 5 million (compared to EUR 8 million for the same period a year ago). The company reaffirms earnings guidance for the year 2013. Comparable net sales in 2013 are estimated to be at the same level as in 2012. Comparable operating profit is estimated to improve compared to 2012 and to be positive. Investments in tangible and intangible assets during 2013 are expected to be in the region of EUR 90 million.

Rautaruukki Corporation to accelerate its step change into a company specialising in steel construction and special steels and is to reorganise its structure. In addition to the efficiency programmes initiated last year to improve cost competitiveness and potential for profitable growth, focus within the company's largest business area, Ruukki Metals, is shifting increasingly more clearly to special steels. The other business area, Ruukki Construction, is to divide into two new business areas, Ruukki Building Products and Ruukki Building Systems. The aim of this is to improve profitability and growth, as well as to improve manageability, the transformation pace and transparency. Ruukki Construction is to be split into two business areas, Ruukki Building Products and Ruukki Building Systems. The aim of this is to improve profitability and growth, as well as to improve manageability, the transformation pace and transparency by separating profitably growing business areas from businesses which have clear need for profitability improvement. The company announced corporate executive board appointments in conjunction with restructuring. Olavi Huhtala will remain EVP, Ruukki Metals and continue being a member of the Corporate Executive Board. Marko Somerma, who is currently Chief Strategy Officer, has been appointed EVP, Ruukki Building Products with effect from 1 May 2013. Tommi Matomaki, who is currently EVP, Ruukki Construction, has been appointed EVP, Ruukki Building Systems. Toni Hemminki, who is currently SVP, Technology, Energy and Environment, has been appointed Chief Strategy Officer and will retain his existing responsibilities. The above persons will all continue being members of the Corporate Executive Board.