Interim Report January 1 - June 30, 2009: Earnings improvement continued

  • Group net sales dampened by economic downturn and customer cautiousness, some volume recovery experienced in the second quarter
  • Earnings improved due to successful cost containment, better operational control as well as price and mix management
  • Free cash flow continued strong, debt reduced further
  • Progress with strategic review of the rigid plastic consumer goods business; action taken in South America and Australia
  • Full year sales outlook remains uncertain and pressure on margins is expected to increase during the course of the year

* EBIT includes non-recurring charges of EUR 3.8 million in Q2 2009 and EUR 6.8 million in Q2 2008.

For further information, please contact:
Mr. Jukka Moisio, CEO, tel. +358-10-686 7801
Mr. Timo Salonen, CFO, tel. +358-10-686 7880
Ms. Kia Aejmelaeus, Head of Investor Relations, tel. +358-10-686 7819 or mobile +358-40-765 4616
Mrs. Minna Kylänpää, Head of Group Communications, tel. +358-10-686 7863

Group Communications

get_app Presentation 2009 Q2 EN