Business News
Tuesday 10. November 2009

Appleton Reports Third Quarter 2009 Results

Third quarter 2009 financial highlights — Net income of $31.4 million up $61.4 million compared to Q3 2008 — Net sales of $222.3 million down 13% compared to Q3 2008, but up 4% compared to Q2 2009 — Gross profit margin of 21.1% up 3.7% compared to Q3 2008 — Net cash generated from operations of $31.5 million was up $39.7 million compared to Q3 2008 — Debt was down $60 million from Q2 2009, including $40.5 million from a debt-for-debt exchange — Selling, general & administrative expenses down 13% excluding $4.2 million debt exchange costs
Tuesday 10. November 2009

Leggett & Platt Won Agreement to Dismissal of Vutek Lawsuit

Leggett & Platt, Incorporated (NYSE:LEG), a diversified manufacturer of engineered components including the Virtu line of superwide digital printers for solid and textile substrates, has won an agreement to dismissal of a lawsuit by Vutek, Inc. which challenged the validity of two of Leggett & Platt’s U.S. patents on Leggett’s groundbreaking technology for ultraviolet (UV) curing of ink in superwide format ink jet printers. Vutek agreed to withdraw its challenges to the validity of both of the Leggett patents.
Tuesday 10. November 2009

Financial Year 2009/10: Heidelberg Presents Figures for First Six Months – Orders Stabilize at Low Level

Incoming orders of EUR 534 million in Q2 roughly on a par with previous quarter; Sales in 2nd quarter total EUR 499 million; Operating result in Q2 excluding special items EUR minus 65 million; Positive free cash flow of EUR 11 million in Q2; Figures for first six months down on last year as a result of weak market conditions; Higher cost savings have marked impact in second half of financial year
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