Sales: 1,342 million (-3%) EBITDA: 243 million (-2%) EBITDA margin: 18.1%
The Group Executive Team of Stora Enso, with the approval of the Remuneration Committee and the Board of Directors, has decided to take the following actions that will affect the remuneration of management and staff. All the planned actions are subject to contractual limitations and existing collective and union agreements, which will be respected in full.
Proskills, the sector skills council for the process and manufacturing sector, which includes the print and paper industries, has launched ProFile, a functionally rich yet simple to use web-based tool to enable employers to assess skills competencies, identify skills gaps and manage the training and development requirements of its workforce. Uniquely based on both generic and industry-specific National Occupational Standards (NOS), ProFile enables employers to build a nationally recognised set of skills competencies which can be linked directly to individual jobs and tasks within their company.
Stora Enso Oyj (parent company), due to an incorrect classification between restricted and distributable equity upon the cancellation of its own shares in the years 2001-2006, has reclassified EUR 1 512 million from its retained earnings to its share premium account.
Mitsubishi Heavy Industries, Ltd. (the “Company”) hereby gives notice that its Board of Directors decided to grant to its Senior Vice Presidents of the Company stock acquisition rights as stock options in a stock-linked compensation scheme, pursuant to Article 238, Paragraph 1 and 2, and Article 240, Paragraph 1 of the Corporate Law, with an aim to further enhance the motivation and morale of its Directors and Executive Officers so as to improve the Company’s business performance.
Poor earnings but strong cash flow from operations following aggressive production curtailments; operating profit excluding NRI and fair valuations EUR 28.4 million, cash flow from operations EUR 236.7 million for the fourth quarter
Mitsubishi Heavy Industries, Ltd. (MHI), reflecting recent business conditions, today revised the estimates of the company’s consolidated financial results for the fiscal year (FY) 2008 (April 1, 2008, to March 31, 2009,) announced on October 31, 2008.
