Displaying items by tag: 2010

Dyadic International, Inc. ("Dyadic") (Pink Sheets: DYAI), a leading-edge biotechnology company focused on the discovery, development, manufacture and sale of specialty enzyme products and solutions for the bioenergy, industrial enzyme and biopharmaceutical industries, today announced financial results for the quarter ended March 31, 2010. The financial information contained in this press release should be read in conjunction with the financial statements and related footnotes which have been posted on the Pink Sheets website at www.pinksheets.com and on Dyadic's website at www.dyadic.com.

Dyadic's President and Chief Executive Officer, Mark Emalfarb, stated, "We are pleased with our first quarter results as we continue to build our infrastructure to meet the increasing demands for our enzyme products and further the advancement and monetization of our technologies. We are particularly encouraged by the 30% increase in our product sales from the same period last year."

First Quarter Highlights and Recent Events
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Achieved approximately 30% growth in first quarter product revenues over the same period last year
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Improved product margins
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Increased production capacity to meet current and anticipated demand
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Resolved the securities class action stockholder lawsuit
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Strengthened Dyadic’s leadership team through the appointment of an Executive Director Strategic Alliances and a Vice President Sales & Marketing
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Dedicated a greater portion of Dyadic’s research and development capabilities to profit generating collaborations

SOURCE Dyadic International, Inc.

Metso’s President and CEO Jorma Eloranta comments: “In the first quarter most of our markets and customer industries continued to recover. It seems that the recovery is gaining momentum, and is today broader based than during the past six months. Our customers' higher capacity utilization rates have boosted the activity level of our services business and since our customers are regaining their confidence the demand for new capital equipment and project business has also improved. Price competition in the markets seems to be easing up as the trading environment is getting stronger.

The measures we have carried out in the past few years to develop our operating models and to adjust our cost structures have supported our first-quarter profitability although net sales were still relatively low following modest order intake levels in 2009. Assuming that we continue to win new, profitable orders, net sales for the coming quarters should also be picking up. The first quarter confirmed that due to our decisive and quick response to the market turmoil in the second half of 2008 through 2009, Metso is today a more competitive company than before.

We have gradually started ramping up the engineering and manufacturing capacity to match the improved demand but there seems to be some slowness in our component supplier and subcontractor base to ramp up their capacity. Likewise we are also continuing to further develop our services business and global presence as well as our solutions based on environmental business.

Based on the recovery in order intake during the past 6 months and the current market outlook we are somewhat raising our net sales guidance for 2010. We estimate that our net sales will be over EUR 5 billion. We expect our 2010 profitability to be satisfactory.“

Short-term outlook
Global economic recovery is strengthening and there are positive signs in demand in most of our customer industries. The improving capacity utilization rates are supporting our services business and most of our customers are gradually regaining their confidence to increase the level of their investments.

The number of quotations for equipment and projects from mining companies has clearly increased. This has already had a positive impact on our orders and we expect this to continue during the rest of 2010, contributing to an overall satisfactory trading environment. Due to the strengthening demand and price level for minerals as well as our large installed equipment base, we expect demand for our mining services to continue to improve.

We anticipate that demand for equipment used in aggregates production by the construction industry will be satisfactory in Europe and weak in North America during the year. In the Asia-Pacific region and Brazil, infrastructure construction projects are maintaining good demand thanks to economic growth and stimulus packages. We estimate that demand for our services business for the construction industry will remain satisfactory.

Demand for power plants that utilize renewable energy sources is expected to be good in Europe and North America in 2010. Several countries have published targets to increase the use of renewable energy and this is expected to support demand for our power plant solutions fuelled by biomass and waste. Demand for the power plant services business is expected to be satisfactory.

We estimate that demand for our automation products will be satisfactory during this year, as the oil, gas and petrochemical industries increase their investments due to the improvement in energy prices and demand. Demand for our services business for automation is expected to be satisfactory.

We expect the demand for metal recycling equipments to improve due to the increasing production volumes of steel, resulting from the strengthening of the global economy. The demand for solid-waste recycling equipment is estimated to be satisfactory. Demand for recycling equipment services is expected to improve in 2010 as the capacity utilization rates of our customers’ plants and equipment improve.

We estimate that demand for new fiber lines will recover to a satisfactory level, and demand for rebuilds and services will strengthen during the year. Demand for paper, board and tissue lines is expected to be satisfactory. We expect the capacity utilization rates of the paper and board industry to improve during the year, which should increase the demand for our services business.

We estimate that our net sales in 2010 will exceed the EUR 5 billion level of 2009, and that our profitability will be satisfactory. Our estimate is based on our order backlog, which contains about EUR 2.6 billion worth of deliveries for 2010, and on the expectation that the recovery of the global economy will continue.

The net sales and profitability estimates are based on Metso’s current market outlook and business scope as well as foreign exchange rates similar to the first quarter.

Previous guidance (from Financial Statements Review 2009, published on February 8, 2010):
“We estimate our net sales in 2010 to remain at about the same EUR 5 billion level as in 2009, and profitability to remain satisfactory. Our estimate is based on our order backlog, which contains about EUR 2.7 billion worth of deliveries for 2010, and on the expectation of continued gradual recovery of global economy. The net sales and profitability estimates are based on Metso’s current market outlook and business scope.”

Metso’s financial reporting in 2010

The Interim Review for January–June 2010 will be published on July 29, and the Interim Review for January–September 2010 on October 28.

Metso is a global supplier of sustainable technology and services for mining, construction, power generation, automation, recycling and the pulp and paper industries. We have about 27,000 employees in more than 50 countries.

For further information, please contact:
Jorma Eloranta, President and CEO, Metso Corporation, tel. +358 204 84 3000
Olli Vaartimo, Executive Vice President and CFO, Metso Corporation, tel. +358 204 84 3010
Johanna Henttonen, Vice President, Investor Relations, Metso Corporation, tel. +358 20 484 3253

Södra's interim report for the January-March 2010 period

- The group reported an operating profit of SEK 371 (-52) million for the first three months of the year.

- Profit after net financial items amounted to SEK 382 (-59) million .

- Net sales increased to SEK 4,575 (3,773) million.

- Return on capital employed was 15 percent (neg).

- Profits in all business areas increased compared with the same period last year.

- Increases in the price of pulp and sawn timber products boosted figures.

- The drastic increase in sales of interior products stemmed from the effects of last year's acquisitions.

- Growth in the biofuel business boosted the profits of the forestry business.

- Real productivity grew by 2.1 percent.

The Group Chief Executive's comments

"2010 began with a continued recovery after a year suffering the adverse effects of the recession. Profits were boosted by increased deliveries and higher prices in the pulp and sawn timber products areas."

"In the course of a single year we have gone from the shadow of the recession and the dramatic events it entailed to a position where all our business areas comply with or almost comply with return requirements."

"Although we are not exactly in a boom, we have moved from recession to prosperity."

"Thus together we have navigated from extreme market conditions, which were at their most critical stage this time last year, to the situation today, one of recovery. Inhouse, we continue to focus on those things we can influence: customer care and productivity. It is a matter of some satisfaction to see that real productivity during the period increased by 2.1 percent year on year."

"Staff continue to be deeply involved in the development of new ideas. During the period, we implemented 743 improvement suggestions from Södra employees, which overall corresponded to a SEK 31.1 million improvement in annual profit."

Business areas

Pulp -Södra Cell
Net sales improved by 19 percent compared with the same period last year to SEK 2,615 (2,199) million. Operating profit amounted to SEK 322 (-24) million. Return on operating capital was 18 percent (neg).

The period was characterised by relatively low stock levels and high deliveries. Production increased compared with the same period last year, which was influenced by market-related stoppages at the Norwegian pulp mills. The market also strengthened as a result of the earthquakes in Chile, which reduced pulp supplies.



Sawn timber products - Södra Timber
Net sales improved by 40 percent compared with the same period last year to SEK 956 (684) million. Operating profit amounted to SEK 61 (3) million. Return on operating capital was 10 percent (1).

The long cold winter restrained demand for and also the production of sawn timber products. Price levels have recovered compared with the rock bottom levels prevailing during the recession at this stage last year. There is good demand in Sweden, North Africa and the Middle East. The US market has now stabilised at a low level. Price levels in China have almost doubled in a single year, and are starting to attract the interest of European producers.

Interior products - Södra Interiör
Net sales improved by 46 percent compared with the same period last year to SEK 301 (206) million. Operating profit amounted to SEK 3 (2) million. Return on operating capital was 3 percent (2).

The impact of acquisitions boosted sales and strengthened the position of all Södra Interiör's markets. The Swedish building and construction trade has been thriving despite a long and cold winter. The repairs and extension tax allowance (ROT-avdrag) has had a positive impact on sales. While sales in Sweden and Norway have thrived, sales in Denmark, where the building sector and the building trade are in a period of stagnation, have been considerably poorer.

Södra Skog
Net sales improved by 1 percent compared with the same period last year to SEK 2,325 (2,302) million. Operating profit amounted to SEK 19 (5) million. Return on operating capital was 7 percent (1).

The pulp wood market in Södra's district has been relatively calm, but with a decrease in the availability of deciduous pulp wood. The supply of standing forest timber and timber for delivery has decreased at the beginning of 2010, and there is still intense competition for clear cutting sites. Improved price levels and volumes are boosting Södra Skogsenergi profits.

For further information please do not hesitate to get in touch with:
Leif Brodén, CEO and Group Chief Executive
+46 470 894 35

Mikael Staffas, CFO
+46 470 892 20

Per Braconier, Director of Communications
+46 70 534 5166

On Thursday 22 April 2010 Stora Enso will announce its first quarter 2010 financial results and CEO message as two separate releases around 09:00 Finnish time (08:00 CET). The following event will take place later that day:

Webcast and conference call for analysts and investors

Topic: Q1 2010 Financial Results
Date: Thursday 22 April 2010
Time: 16:00 Finnish Time (15:00 CET, 14:00 BST, 09:00 EDT)

Webcast is hosted by Jouko Karvinen, CEO & Markus Rauramo, CFO and may be viewed on the Stora Enso website: www.storaenso.com/investors

Conference call dial-in details:

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| Live Event: | |
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| UK & International | +44 (0)20 7138 0825 |
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| Finland | (09) 2319 4344 |
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| Sweden | (08) 5352 6439 |
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| US | +1 212 444 0481 |
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| Confirmation Code: | 2879284 |
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| Replay: | |
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| UK & International | +44 (0)20 7111 1244 |
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| Finland | (09) 2310 1650 |
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| Sweden | (08) 5051 3897 |
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| US | +1 347 366 9565 |
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| Access Code: | 2879284# |
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The conference call replay will be available until 14:00 BST, Thursday 29 April
2010.
The webcast will be archived on www.storaenso.com/investors

For further information, please contact:
Ulla Paajanen-Sainio, SVP, Investor Relations, tel. +358 2046 21242
www.storaenso.com
www.storaenso.com/investors

Stora Enso is the world leader in forest industry sustainability. We offer our customers solutions based on renewable raw materials. Our products provide a climate-friendly alternative to many non-renewable materials, and have a smaller carbon footprint. Stora Enso is listed in the Dow Jones Sustainability Index and the FTSE4Good Index. Stora Enso employs some 27 000 people worldwide, and our sales in 2009 amounted to EUR 8.9 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition,
the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.