The papermaker attributed the fall in profits to seasonal and market-related production curtailments due to weak markets, plus downtime for machine rebuilds.
Chief executive Jukka Hrml said a pick-up in paper and board demand was conditional on "a firm improvement in the global economy".
Pre-tax profits for the year fell to 747m (SEK1.2bn) and dropped 18% in the fourth quarter to 152m. Sales for the year rose 3.8% to 8.2bn
mainly due to Stora Ensos acquisition of Consolidated Papers in September 2000.
* AssiDomn has reported a 54% fall in net turnover for the full financial year to 748m.
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"Utilities, paper and ink but probably not transport, couriers, finisher’s for example"
"Bound to be, most likely those not key suppliers along with HMRC"
"And now watch for those reversion charges to come in thick and fast, for the slightest deviation from the mailing specification 😉😂"
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