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2009-01-26 13:25:00 CET 2009-01-26 13:25:18 CET REGULATED INFORMATION Nordic Aluminium - Company AnnouncementNORDIC ALUMINIUM PLC'S FOURTH QUARTER UNPROFITABLENORDIC ALUMINIUM PLC STOCK EXCHANGE RELEASE Jan 26, 2009 2.25 p.m. NORDIC ALUMINIUM PLC'S FOURTH QUARTER UNPROFITABLE Due to rapid downturn in demand Nordic Aluminium's operating profit was weak during the fourth quarter, approximately EUR 1.0 million. Consolidated net sales during the last quarter were 25 per cent less than in the equivalent period in 2007. Furthermore the Company will make a write off on aluminium inventories approximately EUR 1.4 million based on the rapid and steep price erosion of the aluminium world market price. The operating profit for the whole year 2008 is approximately EUR 11 million (2007 EUR 15.1 million). The financial statements bulletin will be published on March 5, 2009. NORDIC ALUMINIUM PLC Robert Paajanen Managing Director For further information please contact: Managing Director Robert Paajanen, Nordic Aluminium, tel. +358 20 7660 220 Distribution: NASDAQ OMX Helsinki Ltd. The Main Media www.nordicaluminium.fi NOAE0409 |
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