Jan 13, 2012. /Lesprom Network/. Vaahto Group’s turnover for September 1, 2011, to November 30, 2011, was Euro 14.3 million (compared with Euro 10.9 million for the corresponding period in the previous fiscal year), with an operating loss of Euro 0.7 million. Turnover grew from the reference period, but the operating result was weaker than in the comparative period, as the company said in a press release received by Lesprom Network. The Group’s order book on November 30, 2011, totaled Euro 23.3 million. Vaahto Paper Technology - division’s turnover for September 1, 2011 – November 30, 2011, was Euro 9 million, with an operating loss of Euro 0.6 million. Turnover grew by 24% from the reference period’s level, but the operating result was weaker than in the comparative period. The main reason for the negative result of the Vaahto Paper Technology – division was the poor profitability of the projects recognized during the review period. In the project business, the most significant new order was the modernization of Södra Cell Mönsterås pulp drying machine. A clear tightening has been seen in the market situation of project business. The market situation for the service business has been moderate so far. During the review period, the organization and business model of Vaahto Paper Technology –division was clarified. The actions were taken particularly to strengthen the sales and R&D functions, and the cost-effectiveness was increased by combining the over-lapping functions. Vaahto Process Technology - division’s turnover for September 1, 2011 – November 30, 2011, was Euro 5.3 million, with an operating loss of Euro 0.1 million. Turnover grew by 45 % from the reference period’s level, and the operating result was better than in the comparative period. The result was affected by the poor profitability of the vessel business projects delivered during the review period. The profitability of the agitator business has been in line with targets. The market situation of Vaahto Process Technology –division has been remained moderate and the order book of the division increased during the review period. Vaahto Group is a globally operating high technology company serving process industry in the fields of pulp and paper machinery and process machinery.