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Pfleiderer to hold discussions with banks
Published:  24 June, 2009

Wood based panels manufacturer Pfleiderer will start financing discussions with its banks after warning of a significant fall in earnings.

The company said it no longer anticipated a continuation of the business revival indicated during the first quarter and pointed to lower sales volumes and price levels compared to 2008.

“Based on initial estimates the ENITDA margin in the second quarter of 2009 will probably be single-digit percentage,” it said.

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