Online features
- Home page
- Products
- Technology
- Environment
- Profiles
- Corporate
- Investment
- Events
- People
- Countries
- Agenda
- Analysis
- Blog
Latest magazine
Entries for tag: profit
Crisis hitting KBA exports but not profits
Like the rest of the sector, printing press manufacturer Koenig & Bauer AG (KBA) is experiencing dramatic knock-on effects from the current financial turmoil on its export business. Following a slump in demand in key markets such as the USA, and the abrupt tightening of credit lines for customer investments, group order intake to 30 September fell 12.5% from €1,148.2m the previous year to €1,005m. The 15.8% contraction in new orders for sheetfed presses, from €581m to €489.3m, was particularly painful. It was due partly to widespread reluctance among small-scale printers to invest in new kit and partly by the postponement and even cancellation of several contracts signed at Drupa, as attempts to secure financing failed. The volume of new orders booked by the web and special press division declined by 9.1% to €515.7m from €567.2m twelve months earlier, with an increase in new contracts for newspaper presses failing to offset softer demand for security and commercial presses.
Read ArticleMWV downgrades outlook
MeadWestvaco Corporation (NYSE: MWV) today announced that it is lowering its business outlook for the third quarter ended September 30, 2008, due to the impact of higher input cost inflation, lower volumes in the Consumer & Office Products business and weakening demand in some packaging end markets, particularly in the month of September.
Read ArticleGerresheimer notes substantial increase in sales and results
Gerresheimer AG again achieved a substantial increase in sales and operating results in the third quarter of 2008.
Read ArticleM+M makes EUR55m profit in first six months of 2008
The Mayr-Melnhof Group closed the first half-year of 2008 with a profit for the period of EUR 55.4 million. As expected, this figure came in just slightly below the previous year (1st half of 2007: EUR 59.2 million) providing for the non-recurring effect from the closing down of the Nikopol board mill as well as the loss of earnings contribution from the divested stake in recovered paper companies.
Read ArticleStanelco reports succesful half year
The British Stanelco has reported a succesful first half year with sales up 92% to £7.4m (2007: £3.9m), strong progress achieved in developing sales leads in BioPlastics division and biotec joint venture experienced volume growth of 87%.
Read ArticleBorealis sees profits softening
Borealis, a leading provider of innovative, value creating plastics solutions, has announced a net profit of EUR 71 million for the second quarter of 2008, a 48% decrease compared to the EUR 137 million of the second quarter of the previous year. The net profit for the first half-year 2008 totalled EUR 201 million, a 20% drop from EUR 250 million in the first half of 2007. Net interest-bearing debt increased by EUR 152 million during the second quarter and by EUR 346 million in the first half-year. As a consequence the gearing ratio rose from 36% in the first quarter to 41% in the second. The primary reason for this increase was the effect of higher input costs on the company’s working capital.
Read ArticleConstantia Packaging is happy with first half of 2008
Constantia Packaging, a leading Austrian industrial corporation, recorded strong growth across all business segments in the first half of 2008. Along with successful acquisitions and divestments in the first two quarters of 2008, the completion of the AMAG acquisition in the fourth quarter of 2007 was among the main growth drivers. AMAG is a leading European supplier of specialty premium aluminum products.
Read ArticleMayr-Melnhof Group notes continuing growth
The Mayr-Melnhof Group stood its ground and continued growth in sales and operating profit in the first quarter of 2008 in spite of the noticeable decline of the general economic setting. At EUR 27.3 million profit for the period came in slightly below last year’s level of EUR 28.7 million due to non-recurring effects.
Read ArticleGerresheimer increases sales in Q2 2008
Gerresheimer AG again increased its sales and results in the second quarter of 2008.
Read ArticleProfits up at CEDC
Central European Distribution Corporation (NASDAQ:CEDC) has announced its results for the first quarter of 2008. Net sales for the three months ended March 31, 2008 increased by 37% to $313.6 million from the $228.2 million reported for the same period in 2007. Operating income increased by 35% to $25.5 million from $18.9 million for the same period in 2007.
Read ArticleConstantia Packaging forecasts EUR2bn sales in 2008
For Constantia Packaging, one of Austria´s leading industrial groups, the financial year 2007 was remarkable in respect of the positive financial figures and the strategic focusing of the company.
Read ArticleSmurfit Kappa says 2008 will be 'uncertain'
Smurfit Kappa Group (SKG) has reported improved profits in 2007, despite rising input costs, but said it faced an "uncertain" 2008.
Read ArticleMondi sees improvement in sales and profit
Mondi recorded substantial improvements in sales, up 9%, underlying operating profit, up 33% and cash inflow from operations, up 46%. Underlying profit of €502 million was up €125 million and reflected better performances across all the main business areas as increased pricing, focus on operational efficiency and the benefits of restructuring actions all contributed to the financial outcome. Group operating margins of 8.0% were up 1.4 percentage points on the prior year (2006: 6.6%) as a result of an improved pricing environment and the benefits of operational efficiencies, in particular €167 million of cost-savings. These positive developments were partially offset by significant increases in raw materials, particularly the costs of wood, pulp, recycled fibre and chemicals.
Read ArticleGerresheimer posts records in 2007
Gerresheimer AG has finished the financial year 2007 with record figures in terms of sales and results. The company increased its sales by 48.1% to €957.7m (2006: €646.7m). Excluding acquisition and exchange-rate effects, Gerresheimer reports above-average sales growth of 8.4%. Operating results (Adjusted EBITDA) rose by 48.1% from €122.6m in the prior year to €181.6m. The company’s operating strength is shown by the Adjusted EBITDA margin of 19.0%.
Read ArticleBall reports USD281.3m profit
Ball Corporation (NYSE:BLL) today reported full-year 2007 net earnings of $281.3 million, or $2.74 per diluted share, on sales of $7.39 billion, compared to $329.6 million, or $3.14 per diluted share, on sales of $6.62 billion in 2006.
Read ArticleDS Smith releases half yearly results
DS Smith Plc, the international packaging manufacturer and office products wholesaler, today issues the following trading update for the half year ending 31 October 2007.
Read ArticleMeadWestvaco reports on Q3 earnings
MeadWestvaco Corporation (NYSE: MWV) today reported net income for the third quarter of 2007 of $121 million, or $0.66 per share. Included in the results are after-tax restructuring charges of $13 million, or $0.07 per share, related to asset write-downs and employee separation costs, and after-tax one-time costs of $4 million, or $0.02 per share, related to the company’s cost initiative. The results also include an after-tax gain of $53 million, or $0.29 per share, related to the sale of approximately 62,000 acres of West Virginia forestlands. Excluding the effects of above items, adjusted earnings per share were $0.46 for the third quarter of 2007 versus $0.41 for the third quarter of 2006 computed on the same basis1. Sales in the third quarter of 2007 were $1.80 billion, a 3 percent increase compared to sales of $1.75 billion in the third quarter of 2006.
Read ArticleProfits up at Borealis
Borealis, a leading provider of innovative, value creating plastics solutions, announces a net profit of EUR 113 million for the first quarter of 2007, a 13% increase over the previous quarter. Net interest-bearing debt was reduced by EUR 61 million during the quarter, and the gearing ratio decreased from 34% in the fourth quarter of 2006 to 30%.
Read Article
Popular Tags
Regional Weather
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
