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26.01 09:10:48

MeadWestvaco sales hit by slower BTS season in Brazil - USA

MeadWestvaco has reported a loss from continuing operations of $9 million in the fourth quarter following charges related to the forthcoming sale of the company’s Consumer & Office Products business to ACCO Brands.

In the Consumer & Office Products segment, profit was $53 million in the fourth quarter of 2011 compared to $57 million in the fourth quarter of 2010. Sales were $218 million in the fourth quarter of 2011 compared to $235 million in the fourth quarter of 2010.


Sales declined in the fourth quarter from the general economic slowdown in Brazil, resulting in reduced orders from retailers for the Brazilian back-to-school season. Sales for dated and time management products in North America were better than expected and offset some of the weakness in Brazil.

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