KLIPPAN, Sweden, Nov. 11, 2005 (PRIMEZONE) -- Klippan Interim report 1 January -- 30 September 2005:
- Net group turnover amounted to MSEK 935.8 (MSEK 1,048.1) - Result after tax amounted to MSEK -217.5 (-49.6) - The operating result is reported as MSEK 239.7 (-54.1), of which items affecting comparison amounted to MSEK -113.4. - Result per share is reported as SEK -26.31 (-6.00) - The closing down of paper manufacturing at Molndal is proceeding according to plan, and will cease during December 2005. - The new share issued decided upon will be carried out during December 2005. - The new share issue of MSEK 198.4 is guaranteed in its entirety. - The District Courts confirmed the composition proposals submitted on 3 and 4 November 2005 respectively. The write-down of liabilities is expected to amount to some MSEK 130 million, provided the decision gains legal force. The write-down will be accounted for during the fourth quarter.
KLIPPAN is a leading producer of speciality paper for the graphic industry with a total capacity of 200,000 tons per year. Production is carried out at the three mills in Klippan, Lessebo and Molndal.
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