Stora Enso has finalised the divestment of its merchant business Papyrus to Altor Fund II as announced on 6 March 2008. The total enterprise value of the transaction was approximately EUR 640 million, including approximately EUR 490 million in cash.
— Net sales were $363.8 million, up 16% from first quarter 2007 — Operating income was $46.9 million — Cash flow from operating activities totaled $54.7 million — Bookings were $575.7 million, up 35% from first quarter 2007 — Backlog increased 54% from 3/31/07 to a record $2,122.3 million
Earnings per share from continuing operations and before special items were $0.41 versus $0.69 in the fourth quarter of 2007 and $0.45 in the 2007 first quarter. First-quarter 2008 net earnings totaled $0.31 per share, compared with net earnings of $0.78 per share in the prior quarter and $0.97 per share in the first quarter of 2007. Net sales for the quarter were $5.7 billion, versus $5.8 billion in the fourth quarter and $5.2 billion in the first quarter of 2007.
Total sales stable in local currency Graphics: 1.5 percent sales growth in local currency with EBIT margin of 7 percent in prepress
Lexmark International, Inc. (NYSE:LXK) today announced the recipient of its Volunteer of the Year Award, which annually recognizes a Lexmark employee for commitment to outstanding volunteer service.
Company Will Save $24 Million in Lease Payments Sales of Tribune Studios Real Estate and Connecticut Property Facilitate Purchase Company Finds Nothing Funny About Real Estate
The Wm. Wrigley Jr. Company (NYSE:WWY) today announced record first quarter sales of $1.45 billion, up 16 percent from the year-ago quarter. The sales increase reflected the positive impact of currency translation and price/mix, in combination with worldwide shipment growth.
