Strong cash flow through working capital management and improved quarterly earnings despite lower volumes due to reduced cost base; distribution to shareholders EUR 0.20
Eastman Kodak Company (NYSE: EK) announced the commencement today of a tender offer to purchase for cash up to $100 million aggregate principal amount of its outstanding 7.25% Senior Notes due 2013 (the “2013 Notes”). The tender offer is being made pursuant to an Offer to Purchase dated February 3, 2010, and a related Letter of Transmittal (together the “Tender Offer”) which sets forth a more detailed description of the terms and conditions of the Tender Offer.
The PrintCity Alliance has decided to have a strong presence at Ipex 2010 for a grouping of its members to exhibit together in a prominent position in hall 17.
The Metso Executive Forum meets 2-4 times a year to discuss and implement Group-wide initiatives and themes, share know-how and best practices, and create synergies between businesses.
We have today (4/2/10) announced the sale of our ‘conventional’ printing machinery business to Ferrostaal Australia. This sale encompasses the heavy equipment side of the business including Komori Printing Presses, Wohlenberg Guillotines and Perfect Binding Lines, Baumann Handling Equipment and Osako Saddlestitchers. Ferrostaal will be assuming full responsibility for all service and outstanding warranty obligations. Although the sale is still subject to formal documentation it is expected to be concluded in February.
Industry First – Winning the Prize for 11 Consecutive Years
Norske Skog had gross operating earnings (EBITDA) in the fourth quarter of 2009 of NOK 472 million, down from NOK 642 million in the third quarter. Gross operating earnings for the full year 2009 were NOK 2.185 billion, a reduction of NOK 342 million from 2008 on a comparable basis.
