Edition:
United States

Munksjo Oyj (MUNK1.HE)

MUNK1.HE on Helsinki Stock Exchange

14.56EUR
24 Mar 2017
Change (% chg)

€0.09 (+0.62%)
Prev Close
€14.47
Open
€15.00
Day's High
€15.00
Day's Low
€14.50
Volume
7,714
Avg. Vol
33,847
52-wk High
€16.38
52-wk Low
€9.03

Latest Key Developments (Source: Significant Developments)

Munksjo Q4 operating profit almost double to EUR 16.4 mln
Thursday, 16 Feb 2017 01:30am EST 

Munksjo OYJ : Q4 net sales 282.4 million euros ($299.51 million) versus 290.0 million euros year ago .Q4 operating profit 16.4 million euros versus 8.5 million euros year ago.  Full Article

Munksjö: market making agreement on Nasdaq Helsinki discontinued
Wednesday, 5 Oct 2016 02:00am EDT 

Munksjo Oyj : Munksjö has terminated the market making agreement between Munksjö Oyj and Nordea Bank Finland Plc . Agreement and liquidity providing in accordance with agreement will end on Nov. 1, 2016 .Estimates that external liquidity provider is no longer needed.  Full Article

Munksjo Q2 operating profit up at EUR 26.7 million
Wednesday, 27 Jul 2016 05:31am EDT 

Munksjo Oyj : Q2 net sales 302.9 million euros ($333.2 million) versus 291.2 million euros year ago . Q2 operating profit 26.7 million euros versus 9.1 million euros year ago . EBITDA margin in 2016 is expected to improve compared with 2015 driven by on-going profitability improvement plan . Plans to reach profitability target at end of 2016 . Cash flow effect of capital expenditure for fixed assets for 2016 is expected to be 35 million - 40 million euros .Says profitability target is to reach EBITDA margin of 12 percent at the end of 2016.  Full Article

Munksjo comments on FY 2016 outlook
Wednesday, 27 Apr 2016 01:30am EDT 

Munksjo Oyj:EBITDA margin in FY 2016 is expected to improve compared with FY 2015.Cash flow effect of capital expenditure for fixed assets for FY 2016 is expected to be 35 million-40 million euros.Demand outlook in FY 2016 for Munksjö's specialty paper products is expected to remain stable and reflect seasonal pattern.Reported EBITDA margin of 7.6 pct in FY 2015.FY 2016 EBITDA margin 10.1 pct-Thomson Reuters I/B/E/S.  Full Article

Munksjo Oyj proposes special dividend and issues FY 2016 outlook
Thursday, 11 Feb 2016 01:30am EST 

Munksjo Oyj:‍Says demand outlook in FY 2016 for Munksjö's specialty paper products is expected to remain stable and reflect seasonal pattern​.Proposes that EUR 0.30 per share be paid to the shareholders as return of equity from the reserve for invested non-restricted equity.  Full Article

Munksjo signs new term loan agreement
Thursday, 17 Dec 2015 02:00am EST 

Munksjo Oyj:‍Entered into a new 570 million Swedish crown term loan agreement with a maturity of five years​.New term loan is expected to be implemented before the end of December 2015.  Full Article

Munksjo keeps FY 2016 EBITDA margin target and outlook unchanged
Thursday, 26 Nov 2015 02:10am EST 

Munksjo Oyj:Target to reach EBITDA margin of 12 pct at end of FY 2016 and previously communicated outlook remain unchanged.  Full Article

Munksjo expects headcount reduction of about 45 employees related to restructuring project
Thursday, 10 Sep 2015 10:30am EDT 

Munksjo Oyj:Plans to further adjust the cost structure and books non recurring costs.Says plan includes restructuring actions that require personnel negotiations at production facility located in Mathi, close to Turin in Italy.Says headcount reduction related to restructuring project is expected to be around 45 employees.Says expected annual cost savings of restructuring amount to about 2.0 million - 2.5 million euros.Says expects to attain full profitability effect of planned cost savings gradually during 2016.Says will book non-recurring costs of about 5 million euros in Q3 of 2015.  Full Article

Munksjo invests in new storage centre in France
Thursday, 2 Jul 2015 04:00am EDT 

Munksjo Oyj:Invests in a new storage centre at its specialty paper mill in Rottersac, France, to further improve customer service.Says new facility will be ready in 2016.  Full Article

Ahlstrom sells Munksjo shares worth EUR 20.4 million
Monday, 11 May 2015 12:45pm EDT 

Ahlstrom Oyj:Has sold 2,000,000 shares in Munksjo Oyj for about 20.4 million euros.Says will book a capital gain of about 10 million euros from the transaction in its Q2 2015 financial accounts.Following the sale of shares, Ahlstrom's shareholding in Munksjö is 1,300,981 shares, representing 2.55 pct of the total shares and votes.  Full Article

More From Around the Web

EU mergers and takeovers (Feb 7)

BRUSSELS, Feb 7 The following are mergers under review by the European Commission and a brief guide to the EU merger process: