Fin | Eng | Swe

SOLIDIUM OY’S JULY-DECEMBER 2010 HALF YEAR REPORT

18.1.2011

  • Solidium's investment yield was 20.1% for the review period and 24.7% for the last 12 months
  • Solidium paid 356 million euros in dividends to the State of Finland
  • Solidium's net asset value increased during the review period by 856 million euros, amounting to 8,571 million euros at the end of the period, despite the payment of dividends
  • Solidium sold shares in Sponda Plc for the sum of 176 million euros
  • Solidium sold shares in Tikkurila Plc for the sum of 98 million euros
  • Solidium received a total of 8.3 million euros in cash dividends during the review period
  • Solidium's profit for the review period amounted to 61 million euros

Solidium's Managing Director Kari Järvinen's comments:

"Companies in Solidium's portfolio have in general recovered well from the financial crisis. Value development of Solidium's portfolio during the past half year period was good. The value of the company's portfolio increased to 9,548 million euros and yield was 20.1 per cent. Solidium paid a dividend of 356 million euros to the State of Finland. We expect the dividend income to increase in spring 2011, which would enable us to pay increasing dividends to the State from the current financial year."

The complete half year report can be found here: Half year report (pdf)

News