EBITDA up 2.1 percent / Revenues slightly below previous year / Digital Media grew nearly 30 percent / Forecast for year as a whole significantly below previous year due to economic downturn
Stora Enso has today announced that the company has successfully tapped its EUR 517 555 000 5.125% June 2014 notes by EUR 232 445 000 which will bring the total transaction size to EUR 750 000 000.
HIGHLIGHTS – First quarter 2009 revenues of $752 million compared to $1.0 billion in the first quarter last year largely due to impact of recession. – Adjusted EBITDA of $35.6 million compared to $74.2 million for the first quarter 2008 – Company implementing estimated $100 million annualized cost reduction initiative – Company has filed Amended Plan of Reorganization and Disclosure Statement in U.S. court and Information Circular and Plan of Reorganization in Canada, and is making steady progress to exit creditor protection as a strong participant in the industry
Stora Enso has finalised the acquisition of Myllykoski Paper’s remaining 49% minority shareholding in Sunila Oy in Finland after receiving all the necessary approvals from the competition authorities.
Metso is selling the entire stock of Metso Paper Turku Works Oy to Stairon Oy. Metso Paper Turku Works Oy manufactures air systems for the pulp and paper industry.
Johnston Press plc today publishes its Interim Management Statement which has been drawn up for the 19 weeks to 9 May 2009, being the last practicable date, as required by the UK Listing Authority’s Disclosure and Transparency Rules.
NewPage Corporation (NewPage) today announced its results of operations for the first quarter of 2009. Net sales were $722 million in the first quarter of 2009 compared to $1,190 million in the first quarter of 2008, a decrease of $468 million, or 39%, primarily as a result of a decline in advertising spending.
