Pulp & Paper News

Vaahto reports operating loss of Euro 5.7 million for the period Sep. 1, 2011-Nov. 30, 2012

LAHTI, Finland , Jan. 10, 2013 (Press Release) - 

Vaahto Group's turnover for 1 September 2011 - 30 November 2012 was 57.2 MEUR (compared with 55.3 MEUR for the reference period 1 September 2010 - 31 August 2011), with an operating loss of 5.7 MEUR (compared with an operating loss of 1.3 MEUR). Turnover grew by 3% from the reference period level, but the operating result was weaker than in the reference period. The Group's order book grew by 13% during the period under review and amounted to 25.4 MEUR on 30 November 2012. The length of the reference period is 12 months, when the length of the reporting period is 15 months.

On 19 June 2012, Vaahto Group Plc Oyj's extraordinary general meeting approved an amendment to the statutes, based on which the company's normal financial year was changed to 1 January-31 December. Consequently, the duration of the current financial year will be sixteen (16) months (1 September 2011-31 December 2012).

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