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Slightly better for Myllykoski

May 26 2010  Myllykoski reports an operating profit of 13 million Euros in the first quarter of the year, compared to eight million the corresponding period 2009.

Net sales by the Myllykoski group in January-March 2010 totalled 245 million Euros (325). Myllykoski's total deliveries in counted to 408,000 tons, which is 14.7 percent lower than in the corresponding period last year. Production curtailments continued at Myllykoski's European mills during the first quarter.Myllykoski reports an operating profit of 13 million Euros (8). Low paper prices and high raw material costs decreased the profitability. The operating profit excluding non recurring items was -5 million Euros (8). Myllykoski's net result for the first quarter amounts to 10 million Euros (-2) and the net result excluding non recurring items amounts to -7 million Euros (-2).Return on equity was 10.0 percent (-1.4).

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