Operating profit excluding special items improved to US$97 million Special items US$124 million (pre-tax) – primarily plantation fair value Basic EPS 68 US cents (inclusive of special items) Prices up but only marginally so in Europe Continued input cost pressure Saiccor expansion on track
Christian Schwarze, who previously worked for the big players Heidelberger Druckmaschinen, NexPress and Kodak, is to assume responsibility for worldwide sales at GMG.
Sales up by 20 percent, surpassing the 1.5-billion euro mark for the first time ever Earnings increased by 73 percent to 161 million euros Research and development expenditure raised by around a quarter to almost 100 million euros
Net earnings of $0.07 per diluted share, earnings before items(1) of $0.05 per diluted share – Successful implementation of price increases for a wide range of paper products in March – Increase in paper volumes of 3.9% from fourth quarter of 2007, shipments-to-production at 103%
For Fourth Consecutive Year, Ricoh to Reward Young Leaders in Sustainable Business Innovation and Technological Excellence
Allegra Network, with more than 600 locations worldwide specializing in print and graphic communications under the brand names of Allegra Print & Imaging, American Speedy Printing Centers, Insty-Prints and Signs Now, honored Heidelberg USA, the worlds leading manufacturer of printing presses, with the “Supplier of the Year” award at its 2008 Allegra Network convention. The three day event was held at the Hilton Americas April 2-5 in Houston, Texas.
The U.S. Department of Justice has concluded its Hart-Scott-Rodino review of International Paper’s (NYSE: IP) announced acquisition of Weyerhaeuser’s containerboard packaging and recycling business. Regulatory reviews in several other countries are ongoing. Completion of the transaction is expected to occur in the third quarter of 2008.
