Nordic Business Report-April 25, 2006-Kverneland ASA reports Q1 operating profit of EUR6.8m
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The Norwegian agriculture and viticulture machinery manufacturer Kverneland ASA issued on Tuesday (25 April) its interim report for the first quarter, posting an operating result (EBIT) of EUR6.8m, as compared to EUR16.4m in the first quarter of 2005.
The result was burdened by a EUR3.8m restructuring charge relating to the closure of a plant in Germany.
Operating revenues amounted to EUR132.0m, down by 8.2% from EUR143.8m in the first quarter last year.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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