KLIPPAN, Sweden, May 10, 2005 (PRIMEZONE) -- Klippan:
- A continued weak market has affected the result negatively during the first quarter.
- Net group turnover amounted to MSEK 326.0 (MSEK 385.1).
- Result after tax reported as MSEK -32.6 (-6.9).
- Result per share was reported as SEK -3.94 (-0.83).
- Re-financing of the KLIPPAN group.
- On 16 March 2005, the Board decided to start negotiations in accordance with the law concerning the right to co-determination at work, with the aim of closing down paper manufacturing at Molndal Mill.
- The new MD and group CEO Thomas Billing took up his appointment on 1 March 2005.
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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