Total company sales for third quarter 2009 were $6.0 billion, with sales in emerging markets rebounding from significantly lower levels in the first and second quarters. Pricing discipline contributed to segment pre-tax margins returning to prior year levels.
DuPont revised its full-year 2009 earnings outlook to a range of $1.95 to $2.05 per share, excluding significant items. This reflects a narrowing toward the upper end of the companys previous range of $1.70 to $2.10 per share. The full-year free cash flow target remains $2.5 billion.
DAVE CONNOR NAMED NEW VICE PRESIDENT OF ENGINEERING
The employee consultation negotiations at UPM Rauma mill, started in September, have now been concluded. The negotiations concerned improving the mill’s competitiveness through more flexible and cost-efficient ways of operating. The number of mill personnel will be reduced by altogether 73 persons, out of which 45 are shop-floor employees and 28 salaried employees.
98 Percent of Outstanding Notes Validly Tendered
Lower Ag & Nutrition sales in the third quarter were partly offset by agriculture market share gains and strong seed pricing. The following summary of business results for each of the companys operating segments compares third quarter 2009 with third quarter 2008, for sales and pre-tax operating income (PTOI). All references to selling price changes are on a U.S. dollar basis, including the impact of currency.
The announcement of Norske Skog’s accounts for the third quarter of 2009 will take place on Thursday 5 November at 7 AM CET. A presentation with webcast will be held at Norske Skog’s head office at Lysaker at 1 PM the same day.
