1. DISCLOSURE PRINCIPLES AND OBJECTIVES
Honkarakenne’s disclosure policy adheres to Finnish and EU legislation, the regulations issued by NASDAQ OMX Helsinki Oy, the guidelines provided by the Financial Supervisory Authority, and the company’s own Corporate Governance code.
The key principles of communications are transparency, honesty, impartiality, proactiveness and a systematic approach. Honkarakenne communicates both favourable and unfavourable information in a consistent manner. The goal is to provide accurate and sufficient information about the company’s operations without undue delay.
Honkarakenne’s investor relations seek to support an accurate formation of the company’s share value by providing the capital markets with accurate, sufficient and timely information about Honkarakenne’s operating environment, strategy, objectives, operations and financial position.
Honkarakenne releases financial information in accordance with a published timetable. Publication dates for the coming financial year are announced before the end of the previous financial year. Information about Honkarakenne’s financial position, balance sheet, outlook, profitability or any other significant issues relating to the company’s operations and operating environment are primarily disclosed in interim reports. If significant information about these topics is provided between interim reports, it is always published as a stock exchange release.
Honkarakenne does not comment on market rumours, share price trends, or analysts’ forecasts. However, Honkarakenne may consider issuing a stock exchange release to correct any rumours or substantially incorrect information that may have a significant impact on the company’s share value.
Honkarakenne does not comment on matters that are still under preparation. However, if any information that significantly affects the company’s share value is prematurely leaked, Honkarakenne will issue a stock exchange release on the subject.
Honkarakenne meets with capital market and media representatives as necessary, and seeks to respond to investors’, analysts’ and the media’s queries without delay.
These meetings seek to provide background information about Honkarakenne and its operating environment. Discussions are based on information that has been previously published by the company or is generally available in the market, and should therefore not disclose any new information that may have a significant impact on the company’s share value.
Comments on the company’s financial position, outlook, and overall market position are made by Honkarakenne’s President & CEO and CFO, or by a person they have appointed.
Experts and other members of the Management Team may give statements concerning matters within their own areas of responsibility in accordance with the instructions they have received.
Honkarakenne observes a two-week silent period before the publication of financial reports. During this period, Honkarakenne does not comment on the company’s financial position, markets or outlook. During the silent period, the company’s senior management does not meet with capital market or media representatives, and does not comment on subjects relating to the company’s financial position or outlook.
Financial objectives and guidance
Any changes in financial objectives are announced as a stock exchange release.
In its interim reports, Honkarakenne provides guidance based on the company’s financial objectives. This guidance includes both financial and operational outlooks for the financial year. The financial outlook contains management’s estimates for trends in net sales and profitability.
If the company judges that there has been a substantial change to a previously published estimate concerning its result, financial position, net sales, profitability or any comparable outlook, then a profit warning is issued without undue delay. Changes are evaluated on the basis of the company’s previous forecasts, taking the outlook and prevailing market situation into account.
A profit warning is always issued as a stock exchange release.
3. HONKARAKENNE’S RELEASES
Stock exchange releases
A stock exchange release contains information about decisions, issues and events that are significant in relation to the company’s size and the extent of its operations, and that may have a substantial impact on the value of Honkarakenne’s securities.
A stock exchange release is used for Financial Statements, interim reports, key strategic issues, and changes in financial or operational outlooks. Other matters requiring a stock exchange release are mergers and acquisitions, joint venture contracts, significant investments and financing arrangements, exceptionally large orders, operational restructuring, authority decisions, and share-based incentive schemes.
Appointments are also announced as a stock exchange release when they concern changes in the Board of Directors and Group Management Team, or if the company’s auditor changes.
Honkarakenne has internal guidelines for evaluating the significance and relevance of information. Honkarakenne’s President & CEO or CFO approves stock exchange releases in accordance with these guidelines.
A press release is used for an event relating to Honkarakenne’s business that does not meet the criteria for a stock exchange release but is still deemed newsworthy or of general interest to stakeholders.
New orders that may interest stakeholders are primarily published as Group press releases.
4. CHANNELS, DISTRIBUTION LISTS AND AVAILABILITY
The main source for up-to-date information about Honkarakenne is the company’s website: www.honka.fi. All published press and stock exchange releases are available on Honkarakenne’s website. There is also an archive of all previously published releases and financial reports.
5. CRISIS COMMUNICATIONS
The company’s crisis communications guidelines are followed during exceptional circumstances.
6. INSIDE INFORMATION
In addition to general legislation and the standards set by the Financial Supervisory Authority, Honkarakenne adheres to the Guidelines for Insiders issued by NASDAQ OMX Helsinki.
Honkarakenne’s President & CEO is responsible for supervising and interpreting the company’s disclosure policy. When required, the President & CEO and CFO will provide further guidelines on how to implement Honkarakenne’s disclosure policy.
If there are pressing grounds to do so, the President & CEO has the right to make exceptions to the company’s disclosure policy, as long as any such exception remains within the bounds of legislation and regulations.