Stromsdal
STROMSDAL CORPORATION REDUCES ITS WHOLE YEAR RESULT ESTIMATE
Stromsdal / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- STROMSDAL CORPORATION COMPANY ANNOUNCEMENT October 13 2008, at 9.30 pm (Finnish time) STROMSDAL CORPORATION REDUCES ITS WHOLE YEAR RESULT ESTIMATE The international finance crisis and the increasing difficulties of getting bank financing have seriously effected Stromsdal's business. Last week the order intake started, at least temporary, to weaken and many customers informed about payment delays due to financing problems. These customers have not ordered goods from us, according to their normal timetable. Due to problems above, the finance situation has become very tight. Stromsdal has started negotiations with its bankers. Because of the financing and marketing situation, the company has decided to start co-operation negotiations with all its employees. The weak market situation and the fast weakening order intake mean that EBITDA for the fourth quarter will be negative. This means also that EBITDA for the whole year will be negative. The company has previously informed that the target for this year is to achieve positive EBITDA. STROMSDAL CORPORATION Board of Directors For further information, please contact: Mikael Åbacka, Managing Director Tel. +358 400 737 452 mikael.abacka@stromsdal.fi DISTRIBUTION Helsinki Stock Exchange Major media www.stromsdal.com STROMSDAL is a forest based industry company and its board mill is located in Juankoski, Finland. Stromsdal's sales and customer service network covers more than 30 countries, mainly in Europe. For demanding printing jobs Stromsdal offers its customers premium-quality graphical boards - GraphiArt Duo and GraphiArt Pro - with excellent combination of printability, brightness and stiffness. For food-packaging Stromsdal offers its speciality environmentally friendly product - Tecta - a dispersion coated barrier board, which is 100 per cent plastic-free, bio degradable and fully recyclable. Stromsdal's shares are listed on the Small Cap segment of the Helsinki Stock Exchange (NASDAQ OMX Helsinki Ltd) under the company code STM1V. STROMSDAL CORPORATION Juankoskentie 7 A, P.O. Box 33, FI-73501 Juankoski Tel. +358 20 710 9200, Fax. +358 20 710 9210 www.stromsdal.fi News Source: NASDAQ OMX 13.10.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Stromsdal Finland Phone: Fax: E-mail: Internet: ISIN: FI0009003453 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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