Componenta Corporation
Inside information

Componenta Wirsbo AB and Componenta Arvika AB will file for bankruptcy

Componenta Corporation Stock Exchange Release on 13 July 2017 at 17.15

Componenta Group subsidiaries Componenta Wirsbo AB and Componenta Arvika AB
have filed for bankruptcy in the local District Courts on 13 July 2017. The
companies did not succeed in obtaining financing for the payment of
restructuring debts. 

In accordance with the rulings of the local District Court, Componenta Wirsbo
AB and Componenta Arvika AB were intend to pay some 49 MSEK in total of the
Group’s external restructuring debt for Componenta Arvika on 14 July 2017 and
for Componenta Wirsbo on 21 July 2017. 

The local District Court made its decisions regarding restructuring of
Componenta Wirsbo AB on 30 December 2016 and Wirsbo’s subsidiary Componenta
Arvika on 23 December 2016. The restructuring proposal for Componenta Arvika AB
came into force on 14 January 2017 and for Componenta Wirsbo AB on 21 January
2017. 

“According to the restructuring program we succeeded to turn the business of
Componenta Wirsbo AB and Componenta Arvika AB profitable. I would like to
express my sincere gratitude to the management of the companies. EBITDA
excluding items affecting comparability for the first half year was 8 MSEK (-10
MSEK). However, a six months payment term for restructuring debts appeared to
be too short. We also tried to find a buyer for the forging operations but
unfortunately we did not succeed,” says Harri Suutari, CEO of Componenta
Corporation. 

Componenta Wirsbo and Componenta Arvika supply forged products, as blanks and
machined products, to the heavy truck, construction & mining and machine
building industries. 

Helsinki, 13 July 2017



COMPONENTA CORPORATION

Harri Suutari
President and CEO



For further information, please contact:
Harri Suutari
President and CEO
tel. +358 10 403 2200

Marko Karppinen
CFO
tel. +358 10 403 2101



Componenta is an international technology company. Componenta specializes in
supplying cast and machined components to its global customers, who are
manufacturers of vehicles, machines and equipment. The company’s share is
listed on Nasdaq Helsinki.