Myllykoski Corporation Interim Report January-September 2009
- Net sales by the Myllykoski Group in January-September 2009 totalled EUR 918 million (EUR 1,087 million in the corresponding period in 2008).
- Operating profit for January-September 2009 was EUR 37 million (EUR 8 million), which includes a profit of EUR 16 million from the sale of the Utzenstorf mill in June.
- The result for January-September 2009 was EUR 0 million (EUR -10 million), which includes a loss of EUR 20 million from the sale of the holding in Sunila Oy in May.
- Profitability improved due to higher paper prices and lower raw material costs compared with last year.
- Total deliveries in January-September 2009 amounted to 1,402,000 tonnes, which is 18.2% lower than in the corresponding period in 2008 due to the lower order intake. Major production curtailments focused on both uncoated and coated paper grades particularly at Myllykoski Europe's mills.
Key figures:
1) Capital loans included in equity.
For the full report please open the link below.
Myllykoski Corporation Interim Report January-September 2009
About MYLLYKOSKI
MYLLYKOSKI is a family-owned international paper group with manufacturing in Finland, Germany and the United States and sales offices around the world. The Finnish roots of the parent company go back to 1892. MYLLYKOSKI products consist of wood-containing uncoated and coated publication papers, including newsprint. Customers include publishers, printers, and retailers worldwide.
MYLLYKOSKI is among the largest publication paper producers in the world.
MYLLYKOSKI operates eight paper mills with a total annual capacity of close to 3 million tonnes, including the alliance partner Rhein Papier GmbH. MYLLYKOSKI employs 3,000 people.
MYLLYKOSKI is known as a pioneer in using new technologies as well as recycled fibres for paper production. MYLLYKOSKI’s vision is to be the premier publication paper brand recognized for creativity and positive business solutions.