KLIPPAN, Sweden, Aug. 18, 2005 (PRIMEZONE) -- Klippan:
-- Net group turnover amounted to MSEK 662.7 (MSEK 741.9).
-- Result after tax amounted to MSEK -154.7 (-19.8), of which -108.1 related to items affecting comparability.
-- Operating profit amounted to MSEK -178.9 (-18.1), of which -108.1 related to items affecting comparability.
-- Result per share is reported as SEK -18.71 (-2.40).
-- On June 2, 2005, the Board decided to apply for a company reconstruction, and Klippan is now being reconstructed. Klippan AB and Klippan Molndal AB has applied to the District Courts in Helsingborg and Molndal for continued reconstruction until Dec. 2, 2005. The reconstruction is further commented in the reconstructor's report. See appendix.
-- On June 17, 2005, the Board decided to close down paper manufacturing at Molndal Mill. Provision for closing-down costs of MSEK 101.0 has been made in the interim result. The closing down is proceeding according to plan. The reservation for provision costs is further commented in the reconstructor's report. See appendix.
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