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Interim report January 1 - September 30, 2000
10/30/2000 6:11 PM EST
Interim report January 1 - September 30, 2000
Summary of Results - Share Issue - Stena AB Group announces public offer
for Stena Line shares and Senior Notes
The improvement of the income before income taxes in the third quarter
2000 in comparison to 1999 was SEK 92 million. This improvement is below
management's expectations. The main reasons for the shortfall are weak
passenger and car markets around the UK, larger than expected reduction in
sales due to the abolition of tax and duty free sales and the escalating
costs for fuel. These factors are not likely to improve within the near
future and subsequently, the improvement of Income before income taxes is
likely to fall short of management's expectation for the remainder of 2000
and into 2001.
As a result of the continued losses in the UK operations, the Board of
directors are evaluating the goodwill attached to these operations. It is
likely...
Stena AB offers SEK 8 in cash per Stena Line share and Stena International BV offers to purchase 10 5/8% Notes of Stena
10/30/2000 5:41 PM EST
Stena AB offers SEK 8 in cash per Stena Line share and Stena International
BV offers to purchase 10 5/8% Notes of Stena Line
Summary
As a result of the...
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