Larox Corporation Company announcement 18.12.2008 at 2 pm
Larox announces a revised full-year outlook for 2008
Growing uncertainty in the world economy has affected Larox's customer segments.
With the weakening demand, Larox has received less new orders during the current
quarter than expected.
Following this situation, Larox announces a revised outlook for 2008.
Net sales and operating profit (EBIT) for 2008 will increase in comparison to
2007 but relative profitability will not progress as expected. It will, however,
remain on a very satisfactory level.
Larox estimated earlier net sales, result, and profitability to increase from
2007.
Larox will publish the financial statements review for January-December
2008 on Friday, February 13, 2009.
Larox Corporation
For further information:
Topi Karppanen
President & CEO
Phone. +358 (0) 20 7687210
Fax +358 (0) 20 7687277
topi.karppanen@larox.com
DISTRIBUTION: Nasdaq OMX Helsinki Ltd., Central media, www.larox.com
Larox develops, designs and manufactures industrial filters and is a leading
technology company in its field. Larox is a full service solution provider in
filtration for separating solids from liquids. It supplies comprehensive
aftermarket services throughout the lifespan of the Larox solution. Companies
world-wide in mining and metallurgy, chemical processing and related industries
benefit from the Larox technologies. Larox operates in over 40 countries and has
over 460 employees. Larox Group is headquartered in Lappeenranta, Finland where
the Group also has production facilities. Net sales in 2007 totaled 158.3
million euros, of which more than 95 % were generated by exports and the
company's foreign operations.