Powerflute Oyj takeover goes unconditional
14th Nov 2016 11:10
(ShareCast News) - Nordic Packaging and Container Finland Holdings declared its recommended cash offer for Powerflute Oyj wholly unconditional on Monday, having received acceptances to the offer representing more than 90% of the issued and to be issued shares in Powerflute. As a result, Powerflute a
Read morePowerflute agrees 90p a share takeover offer
15th Sep 2016 15:25
(ShareCast News) - Powerflute has received a £268m offer from an affiliate of US private equity firm Madison Dearbon Partners. The offer from Nordic Packaging and Container Holdings (Bidco) is for 90p in cash per share, which is a premium of around 22% to the closing price of 73.75p on Wednesday. B
Read moreRevenue down and earnings stable at Powerflute Oyj
16th Aug 2016 14:27
(ShareCast News) - Powerflute Oyj announces its unaudited interim results for the six-month period to 30 June on Tuesday, with revenues excluding non-recurring items decreasing to €176.1m from €179.7m a year ago. The AIM-traded firm said EBITDA from operating activities was €26.5m on the same basis,
Read morePowerflute sees more challenging trading in H2
26th May 2016 13:04
(ShareCast News) - Powerflute OYJ continues to perform well in the first four months of 2016, with trading results broadly in line on the year, but expects the second half to be more challenging. Shares in the paper and packaging group were down a little more than 12% this afternoon. "In Coreboard
Read morePowerflute Oyj reports on stellar year
8th Mar 2016 14:58
(ShareCast News) - Powerflute Oyj reported a stellar 2015 on Tuesday, with revenue and earnings growing significantly during the calendar year. The AIM-traded company saw group revenues rise 137.9% in its preliminary results, to €357.2m (£278m) from €150.1m. EBITDA, excluding non-recurring items was
Read moreSmurfit steps down from Powerflute board
1st Feb 2016 11:18
(ShareCast News) - Dermot Smurfit stepped down as a director at Powerflute Oyj on Monday, to concentrate on his executive activities elsewhere. The AIM-traded company's board said Smurfit had recently returned to the United States in connection with his role as chief executive of GameAccount Network
Read morePowerflute says full year will be ahead of previous expectations
14th Aug 2015 07:30
(ShareCast News) - Powerflute said it performed strongly in the first half of the year, and the paper and packaging company expects the outcome for the full year to be ahead of previous expectations. Market conditions in its Coreboard and Cores division in the US and China remain broadly favourable
Read moreThursday broker round-up UPDATE
27th Mar 2014 09:02
Aberdeen Asset Management: Credit Suisse reduces target price from 470p to 415p maintaining a neutral rating. Acta: Cantor Fitzgerald reinstates with a target price of 13p (prev.: 16p) and a buy recommendation. African Minerals: Jefferies cuts target price from 300p to 250p and retains a buy recom
Read moreDeputy Chairman at Weir Group buys first stake
13th May 2013 16:27
Weir Group's new Deputy Chairman, Charles Berry, has begun building his stake in the company just two weeks into his new role. Berry, who joined the company at the beginning of the month, purchased 2,000 shares at 2,384.93p each for a total of £47,699. On the same day Berry took up the role, the
Read moreSmall caps round-up: HMV, Corero, ANGLE ...
15th Mar 2012 12:06
HMV Group, the struggling entertainment media seller, has confirmed that it is still pondering what to do with its live music business. HMV added that a number of parties have indicated an interest in acquiring the business. There has been press speculation recently about who might be interested in
Read morePowerflute suffers from weaking demand
19th Jan 2012 12:49
Nordic packaging and paper group Powerflute suffered from weakening demand and price pressure in certain markets as a result of the "increasingly challenging economic environment". Despite this, the firm expects the results for the full year to be slightly ahead of current expectations after operat
Read morePowerflute poised for much better year
4th May 2011 16:02
Nordic packaging and paper group Powerflute is free of debt after the disposal this week of its Scheufelen graphic papers business for €38.5m. After banking the proceeds from its €18.3m rights issue back in November 2010 the company saw net debt reduce to €29.1m at the end of 2010 from €52.1m a yea
Read moreSmall caps round-up: Aminex, Helesi, Powerflute...
4th Feb 2011 11:31
Aminex has proposed to up its interest in the Nyuni Production sharing agreement in Tanzania from 50% to 65% through a farm-in agreement with Key Petroleum. "A further acquisition of interest in the Nyuni PSA is a logical expansion of our activities and confirms our strong commitment not only to
Read moreSector movers: Forestry and paper extends gains
21st Dec 2010 15:17
The forestry and paper sector is the best performing sector on Tuesday afternoon led by packaging group Powerflute. Shares in the semi-chemical fluting and paper company rose after Finnish renewable fuel company Vapo agreed to acquire a 30% interest in the group's wood procurement venture with pape
Read morePowerflute Sees FY Results In Line With Market Views
28th Jul 2010 07:39
LONDON (Dow Jones)--Powerflute Oyj (POW1V.HE), a packaging group with established positions in Nordic semi-chemical fluting and coated woodfree papers, said Wednesday results for the first half will be below those of the prior year but expects performance for the full year to represent an improvemen
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