UPM's H1 cash flow from ongoing businesses improved; balance sheet strengthened further: Jussi Pesonen, President and CEO, comments on the result: “The profitability of UPM’s businesses improved in the first half of the year 2012 compared to the second half of 2011. We achieved this by continuing our consistent work to reduce fixed costs. Furthermore, sales prices and raw material costs developed favourably.
In the second quarter, our growth businesses – Energy, Pulp, Asian Paper and Label - maintained strong profitability. However, the Group’s operating profit was affected by the exceptional quarter in Other operations, mainly due to fair value losses in currency hedges.
In Paper, deliveries recovered somewhat from the previous quarter, although this was offset by seasonally higher fixed costs. Myllykoski cost synergies were well on track with two thirds of planned benefits already realised. Despite this, Paper’s profitability level remains unacceptable.
Tuesday, August 7, 2012
UPM To Invest In New UWF PM In China
UPM to invest Euro 390 million in new 360,000 tonne/yr UWF specialty PM at Changshu mill in China; strengthens position in label materials: UPM takes further steps to reshape its business portfolio and expands in profitable growth businesses in Asia. The company will increase its presence in the attractive Asian paper segments and strengthen its position in the label materials value chain by building a new woodfree speciality paper machine at its Changshu mill in China.
http://www.upm.com/EN/MEDIA/All-news/Pages/UPM-grows-in-China-and-in-the-fast-developing-label-materials-segment-001-Tue-07-Aug-2012-12-00.aspx
http://www.upm.com/EN/MEDIA/All-news/Pages/UPM-grows-in-China-and-in-the-fast-developing-label-materials-segment-001-Tue-07-Aug-2012-12-00.aspx
ABC: Newsstand Grim and Digital Is In
ABC: Bumpy First Half For Consumer Magazine Circ, Newsstand:
The Audit Bureau of Circulations released its semiannual Fas-Fax report for U.S. consumer magazines In addition to its “top 25 lists” that look at circulation totals and single-copy sales, this marks the first time ABC has specifically broken out circulation for digital replica editions of consumer magazines.
It comes as no surprise that newsstand sales for 22 or the top 25 consumer magazines fell during the first half of 2012. According to ABC, 258 U.S. magazines reported more than 5.4 million digital replica editions (paid, verified, and analyzed nonpaid) versus about 2 million a year ago. That was less than 1% of the total industry.
The Audit Bureau of Circulations released its semiannual Fas-Fax report for U.S. consumer magazines In addition to its “top 25 lists” that look at circulation totals and single-copy sales, this marks the first time ABC has specifically broken out circulation for digital replica editions of consumer magazines.
It comes as no surprise that newsstand sales for 22 or the top 25 consumer magazines fell during the first half of 2012. According to ABC, 258 U.S. magazines reported more than 5.4 million digital replica editions (paid, verified, and analyzed nonpaid) versus about 2 million a year ago. That was less than 1% of the total industry.
BPIF Reports Disappointing Spring
BPIF Outlook Survey reports 'disappointing' spring:
The jobs secured ranged from small-scale local patriotic work for the Jubilee to considerable run-length special edition work for food and retail clients and contracts for Olympics organiser LOCOG and the British Olympics Association (BOA). However, other respondents felt that trade had worsened as a results of the Queen's Jubilee and that the Olympics would prove to be a distraction to employees and clients and cause logistical issues to business.
The jobs secured ranged from small-scale local patriotic work for the Jubilee to considerable run-length special edition work for food and retail clients and contracts for Olympics organiser LOCOG and the British Olympics Association (BOA). However, other respondents felt that trade had worsened as a results of the Queen's Jubilee and that the Olympics would prove to be a distraction to employees and clients and cause logistical issues to business.
Soap Opera Digest Officially Joins AMI
AMI Fully Acquires Soap Opera Digest from Source Interlink Media: David J. Pecker, Chairman, President and CEO of American Media, Inc. (AMI), today announced the acquisition of 37-year-old Soap Opera Digest, the authority for news and information for fans who are devoted to watching soap opera programming. AMI has been operating Soap Opera Digest under a licensing agreement from Source Interlink Media. AMI closed the deal on July 20, 2012 with an ownership effective date of June 1, 2012. Soap Opera Digest is a weekly magazine that has a circulation of over 200,000 and reaches over 4 million readers per week.
Family Circle Brand Refresh
Family Circle Uses Refresh to Continue Growth Momentum:
Meredith’s Family Circle magazine has seen an 8 percent increase in the number of single copies sold at newsstands, according to the Audit Bureau of Circulation’s first half Fas-Fax report from January to June, and the title has even increased its rate base in the last year, going from 3.8 to 4 million. To continue to grow, the magazine is undergoing a brand refresh—incorporating new monthly editorial features, columns and design elements.
Meredith’s Family Circle magazine has seen an 8 percent increase in the number of single copies sold at newsstands, according to the Audit Bureau of Circulation’s first half Fas-Fax report from January to June, and the title has even increased its rate base in the last year, going from 3.8 to 4 million. To continue to grow, the magazine is undergoing a brand refresh—incorporating new monthly editorial features, columns and design elements.
Time Inc. Book & Fair Values Getting Closer
Time Inc. Book Value and Fair Values Getting Closer:
In 10Q, company warns it may have to take a hit in earnings later this year.While there are pockets of good news on the ad revenue side of the publishing business these days, overall publishers are still duking it out on the front lines. This is illustrated for better or worse in Time Inc.'s 10-Q report released last week. The publishing giant's revenues dropped nine percent in the second quarter to $858 million and six percent for the half to $1.6 billion.
In 10Q, company warns it may have to take a hit in earnings later this year.While there are pockets of good news on the ad revenue side of the publishing business these days, overall publishers are still duking it out on the front lines. This is illustrated for better or worse in Time Inc.'s 10-Q report released last week. The publishing giant's revenues dropped nine percent in the second quarter to $858 million and six percent for the half to $1.6 billion.
Print News Roundup
Print industry news roundup: Paperlinx, BGP, Arjowiggins, S&G, Metsa Board, Whittington Press:
Paperlinx management shuffle sees French exit as Price joins board
Paperlinx director for UK and Ireland Paul French has decided to leave the company at the end of September, while Andrew Price, who launched a failed attempt to unseat chairman Harry Boon five months ago, has been made a non-executive director.
BGP buys ex-Jarrold cover press
BGP has responded to an uptake in contract cover work by investing in a Komori System 38 SII press for its Bicester facility.
Arjowiggins balances UK waste and paper production
Arjowiggins Graphics has committed to sourcing the equivalent amount of UK waste paper that it takes to produce recycled paper for the UK market.
S&G launches charitable trust
Sheetfed magazine printer Stephens & George Print Group (S&G) used its centenary celebrations last week to officially launch its charitable trust.
Chromolux 350gsm range launched
Metsa Board has launched six of its most popular Chromolux colours in 350gsm in a bid to attract luxury packaging customers.
The Whittington Press showcases historic letterpress kit
The Whittington Press will be showcasing its historic letterpress machines to coincide with the annual Whittington Summer Show in Cheltenham on 1 September.
Paperlinx management shuffle sees French exit as Price joins board
Paperlinx director for UK and Ireland Paul French has decided to leave the company at the end of September, while Andrew Price, who launched a failed attempt to unseat chairman Harry Boon five months ago, has been made a non-executive director.
BGP buys ex-Jarrold cover press
BGP has responded to an uptake in contract cover work by investing in a Komori System 38 SII press for its Bicester facility.
Arjowiggins balances UK waste and paper production
Arjowiggins Graphics has committed to sourcing the equivalent amount of UK waste paper that it takes to produce recycled paper for the UK market.
S&G launches charitable trust
Sheetfed magazine printer Stephens & George Print Group (S&G) used its centenary celebrations last week to officially launch its charitable trust.
Chromolux 350gsm range launched
Metsa Board has launched six of its most popular Chromolux colours in 350gsm in a bid to attract luxury packaging customers.
The Whittington Press showcases historic letterpress kit
The Whittington Press will be showcasing its historic letterpress machines to coincide with the annual Whittington Summer Show in Cheltenham on 1 September.
RRD Neutral Rating Reaffirmed at Zacks
R.R. Donnelley & Sons Company's "Neutral" Rating Reaffirmed at Zacks: R.R. Donnelley & Sons stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Monday. They currently have a $13.00 price target on the stock. Zacks‘ analyst wrote, “R.R. Donnelley’s second quarter earnings were ahead of the Zacks Consensus Estimate, while the top line fell shy of the consensus mark. We believe that the pricing pressure, volatility in raw material prices and a highly leveraged balance sheet to pose significant headwinds for the stock going forward. Moreover, the company continues to face significant threats from digital technologies that enable much easier transfer, designing, resetting and reproduction of data.
House Waiting On USPS Date On Reform Bill
House GOP Waiting on Postal Service Drop-Dead Date to Move on Reform Bill: The House has left Washington without passing a fix to the Postal Service. House Republicans acknowledge that postal reform could be a tough vote for some of their members, with the issue not breaking down as cleanly along ideological lines as subjects such as the Bush-era tax rates the House voted on just before leaving for recess.But sponsors of the House GOP postal bill suggest another factor at play as well: Lawmakers don't know exactly when the Postal Service might hit a doomsday date when they wouldn't be able to deliver the
Appleton Papers Records Q2 Loss
Appleton Papers records quarterly loss: Appleton Papers blamed expenses related to stopping papermaking in Ohio and its unsuccessful merger with a Dallas-based investment group for its $32.5 million quarterly loss.The company said Monday its second quarter net sales of $213.9 million was a 1.2 percent drop from net sales of $216.6 million recorded the same time last year. The company said costs to stop papermaking at its West Carrollton, Ohio facility totaled $42.9 million. The company also spent $6.5 million on costs associated with a plan to merge with Hicks Acquisition Co.
Subscribe to:
Posts (Atom)