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2007-10-10 08:31:01 CEST 2007-10-10 08:31:01 CEST REGULATED INFORMATION Huhtamäki Oyj - Company AnnouncementHuhtamaki revises 2007 full-year result estimate downwards. The operational result around last year s level.Huhtamäki Oyj Stock Exchange Release 10.10.2007 at 09.30 Huhtamäki Oyj is revising its estimate downwards for the full-year 2007. The operational result is now expected to be around the level of 2006 (EUR 138.1 million). In the earlier outlook an improvement in operational result was expected to compensate the announced, significant reduction in corporate net. Consequently, the underlying EBIT for the full-year is estimated to remain clearly below the level of 2006 (EUR 157.6 million). Increase in net financial items and higher tax rate will have an impact on earnings. The reasons for the revised outlook are weakened volumes and operational results in September as well as softer volume outlook in the remainder of the year. Measures are being taken to enhance improvement programs and to adjust costs to meet the current volume levels. Huhtamaki will publish its Q3 2007 interim report on October 25, 2007. For further information, please contact: Heikki Takanen, CEO, tel. +358-10-686 7801 Timo Salonen, CFO, tel. +358-10-686 7880 HUHTAMÄKI OYJ Group Communications Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2006 net sales totaling EUR 2.3 billion. Consumer goods and foodservice markets are served by over 15,000 people in 66 manufacturing units and several sales units in 36 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and is listed on the Helsinki Stock Exchange. Additional information is available at www.huhtamaki.com. |
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