Ceramic Industry News

Pechiney Announces Assets Write-Downs

January 27, 2003
/ Print / Reprints /
ShareMore
/ Text Size+
The Pechiney Group recently announced that its fourth quarter results, due out on January 30, 2003, will include in its French GAAP accounts 50 million euros of SFAS142 related goodwill impairment. In addition, a 114 million euro one-time pre-tax charge for restructuring and assets write-downs will be taken. In total, these exceptional items will amount to 164 million euros before tax (of which around 20 million will have an impact on cash flow) and 130 million euros after tax (or 1.67 euro per share). These charges are the result of a detailed review of the outlook of the Group's activities.

Pechiney's website is located at http://www.pechiney.com .

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px