as expected revenue 8.3 percent below prior year / EBIT after 9 months 7.2 million / timely measures for cost reduction to secure performance over the next quarters
Companys Stream Concept Printhead Noted as a Significant Future Technology
On September 29, 2008, Sappi (NYSE:SPP), the world’s leading producer of coated fine paper, further to the circular to the shareholders of Sappi Limited (“Sappi” or the “Company”) dated October 10, 2008 regarding the proposed acquisition by Sappi of M-real Corporation’s (“M-real”) coated graphic paper business (the “Proposed Acquisition”) and the impending rights offer announced on SENS on Friday, October 31, 2008 (the “Proposed Rights Offer”), Sappi is pleased to announce that all the special and ordinary resolutions to approve the Proposed Acquisition and implement the Proposed Rights Offer proposed at the general meeting of shareholders held on Monday, November 3, 2008, (the “general meeting”) were passed by the requisite majority of votes.
Automotive supplier will reduce net indebtedness in 2008 as planned Sales rise to 19.15 billion after nine months EBIT before PPA* and special effects increases to 1,569.6 million Rubber Group maintains firm footing with EBIT margin of 11.1% Automotive Group hit particularly hard by market situation Extensive cost-cutting program initiated
Transcontinental Inc. today announced that Transcontinental Direct USA Inc., its direct mail subsidiary in the U.S., will consolidate production from its Warminster, PA facility to its facility in Hamburg, PA. One of fourteen groups currently operated by Transcontinental Inc., this subsidiary represents about 10% of the Corporations consolidated revenues.
Open Text(TM) Corporation (NASDAQ:OTEX) (TSX: OTC), a leading provider of Enterprise Content Management (ECM) software, today announced unaudited financial results for its first quarter, ended September 30, 2008.(1)
ighlights of the third quarter New orders worth EUR 2,246 million were received in July-September (EUR 1,440 million in Q3/07). At the end of September 2008, the order backlog was 21 percent higher than at the end of December 2007, standing at EUR 5,244 million (EUR 4,341 million at December 31, 2007). Net sales grew 5 percent on the comparison period and totaled EUR 1,528 million (EUR 1,452 million in Q3/07). Earnings before interest, tax and amortization (EBITA) were EUR 180.7 million, i.e. 11.8 percent of net sales (EUR 157.3 million and 10.8% in Q3/07). Operating profit (EBIT) was EUR 172.3 million, i.e. 11.3 percent of net sales (EUR 143.4 million and 9.9% in Q3/07). Earnings per share were EUR 0.69 (EUR 0.66 in Q3/07). Free cash flow was EUR 91 million (EUR 144 million in Q3/07). Return on capital employed (ROCE) before taxes was 23.3 percent (24.7% in Q3/07).
