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2016-11-30 11:00:18 CET 2016-11-30 11:00:18 CET REGULATED INFORMATION Forchem Oyj - Quarterly reportFORCHEM OYJ'S Q3.2016 BONDHOLDER REPORTStock Exchange release Free for publishing 30.11.2016, hour 12:00 FORCHEM OYJ'S Q3.2016 BONDHOLDER REPORT Operationally Q3 has been largely similar to Q1 and Q2. Demand for main products has been as expected, some seasonal cyclicality between TOFA and TOR demand. Also margin levels have been whole year as expected: in percentage terms margins have been maintained at the same level compared to last year but there has been slight decline of margins in euro per ton due to general price erosion. Revenue of the quarter is € 26 million and operating profit € 5,0 million. Cumulative revenue is € 85 million and operating profit € 14,7 million. Slow-down of oil field operations in the US have reduced the demand for CTO based products in that segment, which has caused the market to be long in both CTO and TOFA for the moment. For this reason, and normal seasonal variation, CTO availability is good at the moment. This release is a summary of Forchem Oyj's bondholder report concerning Q3/2016. The report is based on the terms and the conditions of the bond. The whole report including the tables is attached to this release and it is available at www.forchem.com/investor_area. For more information: Forchem Oyj Henrik Lindegrén, CFO, p. +358 44 032 1075, henrik.lindegren@forchem.com [] |
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