D company virtue on January 1, 2018 - June 30 results: papermaking and service line of business of new orders
Unless otherwise specified, the data to compare the data in parentheses, the data in the same period of last year.International financial reporting standards no. 15 (IFRS) 15 take effect on January 1, 2018, at the same time comparative data have been calculated on the rules and be re-promulgated.
June 1, 2018: net sales increased
• new orders with the same period last year was flat, at 17.56 euros (1.802 billion euros).
O paper business line new orders increase, services and automation business lines with the same period last year.
O South America and China market new order increase, the north American market with the same period last year.
Net sales increased by 14%, to 1.575 billion euros (1.376 billion euros).
O paper, pulp and energy business line net profit increase, services and automation business line and flat over the same period last year.
Operating cash flow of 22 million euros (125 million euros).
2018 financial guidance
On July 17, 2018 d virtue revised 2018 guidance
The revised guidance (on July 17, 2018)
D virtue, net sales in 2018 than in 2017 (3.058 billion euros) are increased.
Before the revised guidance (on March 21, 2018)
D virtue, net sales in 2018 and 2017 (3.058 billion euros).
The short-term outlook
The overall economic outlook
Between 2018 and 2019, global growth is expected to reach 3.9%.Growth in major economies like has peaked, the development of sync signs began to show.In the United States, the short term to continue upward trend.In the past few weeks, the dollar by about 5%.The euro zone, Japan and Britain's growth forecasts.In developing economies, Argentina, Brazil and India's growth, while some oil exporters.Were imposed on the tariffs on imported goods and its trade partners of the counter, and international trade tensions will worsen.All of which will affect the medium-term development speed, delay recovery.(the international monetary fund (imf), July 16, 2018)
Short-term market forecasts
D virtue reiterated that service, paper and cardboard, household paper and automatic short-term market will be in a good level.The energy market in a satisfactory level.Pulping business short-term market weakness.
Chairman and executive highest Pasi Laine: increase in the second quarter of the new order
"In the second quarter of 2018, new orders rose 9%, to 865 million euros.Paper and service line of business new orders increase, the market active, paper and paperboard market in particular.In the first half of the new order with a year earlier.Paper making business line new orders increase, services and automation business line with last year's Numbers, pulp and reduce energy lines of business.Pulping and energy business line order is mainly a few small projects."
"In the second quarter net sales increased by 15%.All lines of business has increased, but the paper fastest growing business line.Recent quarters, papermaking market active, paper business line new orders continue to increase, net sales rose nearly 50% in the first half of the year."
About the dimension of virtue
D virtue is the world's leading developers and pulp, paper and energy industry suppliers, to provide technology, automation and services business.Our vision is to become the world's best service providers.
D virtue strong technical strength, including pulping, household paper, paper and cardboard production line, and the biomass production of power plants.Our advanced services and automation solution to improve the reliability and performance of processes, improve the utilization of raw materials and energy.
D virtue in the net sales of nearly 3.1 billion euros in 2017.Our 12000 professionals around the world for customer service, committed to advancing customers every day.D virtue has its headquarters in Espoo, Finland in Helsinki, the nasdaq stock exchange.
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