Michael Treschow Quotations

Market demand in 2002 is expected to be generally flat compared with the previous year in both Europe and North America, ... The group should achieve an improvement in operating income and value creation for the full year 2002, excluding items affecting comparability.

The outlook for the year remains unchanged, which means that the group should achieve an improvement in operating income,

There are a number of question marks going forward ? and it really boils down to what happens in the U.S.. We have a number of contingency plans.

The measures we have announced are aimed at reducing costs as well as addressing loss-making units and non-performing assets,