Forecasts expect a pick up in Western economies over 2002, said chief executive officer Jukka Hrml. But advertising volumes remain weak and there are no signs of a sustained improvement in the market for graphic papers.
Sales of newsprint fell 17% in a year to 253m. Fine papers dropped 19% to 508m but packaging boards went up 8% to 471m.
Hrml said the added pressure of imported coated papers made the market more challenging in the US than in Europe.
Overall sales for the quarter fell just over 33m to 1.98bn. The Finnish firm totalled 8.3bn of sales in 2001.
Have your say in the Printweek Poll
Related stories
Latest comments
"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 😉😂"
Up next...
Moves to Brighouse
The Flow Group buys Modern Bookbinders, saving 94-year-old firm
Festive coverage
Wishing our wonderful readers a merry Christmas and happy New Year
Enables print up to 3.2m wide
Riverside Printers increases flexibility with Agfa install
12 charities are being supported