- Company Announcement FINNLINES INFORMS

 

 

Finnlines Plc Stock Exchange Release 10 April 2006

FINNLINES INFORMS

In his report to the Annual Shareholders' meeting today Mr. Antti Lagerroos, President and CEO of Finnlines Plc said that the result for the first three months of 2006 is weaker than the result of the comparable period 2005.
Reasons for this are:
- Due to hard competition the company has not been able to transfer the increases of expenses to freight rates
- Measures to adjust to the changes in the market have been unsufficient in some business areas.
However, the volume development in the main market areas of the company has been satisfactory. The company has already initiated correcting measures, but due to the reasons mentioned the whole year result is not expected to meet the market estimates.

Finnlines Plc

Seija Turunen Christer Antson

DISTRIBUTION Helsinki Stock Exchange
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