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2009-04-09 16:25:33 CEST 2009-04-09 16:26:37 CEST REGULATED INFORMATION Finnlines - Company AnnouncementFINNLINES' FIRST QUARTER RESULT WILL BE NEGATIVEFinnlines Plc Stock Exchange Release 9 April, 2009 FINNLINES' FIRST QUARTER RESULT WILL BE NEGATIVE In the Financial Statement Bulletin published in February, Finnlines stated that the overall economic development in Europe and in the whole world casts uncertainty over the business environment. The sharp drop in cargo volumes, which started during the last quarter of 2008, has continued in all lines and in port operations. Finnlines' earnings before taxes for the first quarter 2009 will be EUR 25 - 30 million negative. Finnlines has started a number of actions to respond to the difficult market conditions. The actions include adjustment of the capacity to the demand where possible, cost-saving initiatives, personnel adjustments, and even divesting non-core business. Finnlines Plc Seija Turunen CFO DISTRIBUTION Nasdaq OMX Helsinki Ltd Main Media |
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