Myllykoski reported negative net result for 2008: Euro -17 million

Posted February 16, 2009

Feb 16, 2009. /Lesprom Network/. Myllykoski reports a strengthened operating result for 2008 compared to 2007, but the net result is negative.

Myllykoski's net sales 2008 were Euro 1,471 million (Euro 1,445 million 2007), and the company reports an operating profit of Euro 11 million, compared to an opperating loss of Euro 11 million 2007. Myllykoski shows a positive operating result also during the 4Q 2008 with an operating profit of Euro 2 million (Euro -7 million same period 2007).

Myllykoski's net result for 2008 is, however, negative: Euro -17 million (Euro 1 million).

Myllykoski's total production volume was slightly smaller in 2008 than in 2007 (down 0.9%), mainly due to the closure of the Dachau mill in Germany.

Myllykoski is a family owned international paper group with manufacturing in Finland, Germany, Switzerland and the United States and sales offices around the world. Myllykoski products consist of wood-containing uncoated and coated publication papers, including newsprint.

+7 499 6535608
Ordzhonikidze, 11 109028 Moscow, Russia

Topics: Finance

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