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Worldcolor (TSX:WC) (TSX:WC.U) announced today that it has launched a collaborative effort with the United States Environmental Protection Agency (EPA) to publish a case study outlining the environmental gains achieved by utilizing continuous improvement initiatives to analyze and increase the overall efficiency of Worldcolor’s Logistics platform.
Third-Quarter Revenue of $1.781 Billion; Companys Consumer Inkjet Printer and Ink Sales Growth of More than 100% Continues to Significantly Outpace the Market; Customer Demand Rapidly Increasing for KODAK PROSPER Platform, Based on Breakthrough Stream Inkjet Technology; Company Ends Third Quarter with Cash Balance of $1.147 Billion; Increasing Sequential Demand and Continued Productivity Improvement Position Kodak for Improved Year-Over-Year Fourth-Quarter Performance; Company Updates Full-Year Financial Targets
Arvato Print Management and The Reader’s Digest Association, Inc. have signed an extensive business process outsourcing contract . As Arvato announced yesterday, the company is now responsible for Readers Digest purchasing and production management in a total of 35 countries in North America, Europe and Asia. In Latin America, Arvato will be responsible for purchasing the Asian manufacturing spend.
Interim report January-September 2009: – Earnings per share for the third quarter were EUR 0.08 (-0.17), and excluding special items EUR 0.14 (0.25). – Operating profit excluding special items was EUR 131 million (216 million) and reported operating profit was EUR 96 million (loss of EUR 40 million). – Strong cash flow due to continued actions to preserve cash: EUR 721 million reduction in net debt from last year. – Savings in fixed costs total EUR 70 million in the third quarter from last year, EUR 240 million year to date.
Tieto has launched an automated production management system based on Tieto Energy Components for Lukoil Overseas. The required consulting services, the supply and configuration of the system, as well as training for the implementation team were delivered as a part of the project.
Sales up 2%, EBIT before special items up 9% compared with second quarter – sales down 19%, EBIT before special items down 20% compared with third quarter 2008; Operational strength: All divisions contribute positive earnings Strong cash flow reduces net debt; Coming out of the trough, upturn especially in Asia – recovery slow and uneven; Faster integration of Ciba negatively impacts 2009 earnings; Outlook for full year: cost of capital unlikely to be earned in 2009
