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4-Traders Homepage  >  Equities  >  Nyse  >  Resolute Forest Products Inc    

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AbitibiBowater Inc. : Resolute Forest Products to Present at the Credit Suisse Global Paper and Packaging Conference

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02/21/2012 | 12:51am CEST

ABH (NYSE, TSX)
US$

MONTREAL, Feb. 20, 2012 /CNW Telbec/ - Richard Garneau, President and Chief Executive Officer of AbitibiBowater Inc., doing business as Resolute Forest Products, will speak at the 2012 Credit Suisse Global Paper and Packaging Conference in New York City on Thursday, February 23, at 9:35 a.m. ET.

A copy of the presentation and a link to a live audio webcast will be available on the Company's website shortly before the presentation under "Presentations and Webcasts" at www.resolutefp.com/investors. A replay of the presentation will be available for six months.

About Resolute Forest Products

Resolute is a global leader in the forest products industry with a diverse range of products, including newsprint, commercial printing papers, market pulp and wood products. Resolute owns or operates 18 pulp and paper mills and 23 wood product facilities in the United States, Canada and South Korea. Marketing its products in close to 90 countries, Resolute has third-party certified 100% of its managed woodlands to sustainable forest management standards. The shares of Resolute trade under the stock symbol ABH on both the New York Stock Exchange and the Toronto Stock Exchange.

Resolute and other member companies of the Forest Products Association of Canada, as well as a number of environmental organizations, are partners in the Canadian Boreal Forest Agreement. The group works to identify solutions to conservation issues that meet the goal of balancing equally the three pillars of sustainability linked to human activities: economic, social and environmental. Resolute is also a member of the World Wildlife Fund's Climate Savers program, in which businesses establish ambitious targets to voluntarily reduce greenhouse gas emissions and work aggressively toward achieving them.

Cautionary Statements Regarding Forward-looking Information

Statements in the presentation referred to above that are not reported financial results or other historical information of AbitibiBowater Inc., doing business as Resolute Forest Products, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as the words "should", "would", "could", "will", "may", "expect", "believe", "anticipate", "attempt", "project" and other terms with similar meaning indicating possible future events or potential impact on Resolute's business or shareholders, including future operations following the proposed acquisition of Fibrek.

The reader is cautioned not to place undue reliance on these forward-looking statements, which are not guarantees of future performance. These statements are based on management's current assumptions, beliefs and expectations, all of which involve a number of business risks and uncertainties that could cause actual results to differ materially. The potential risks and uncertainties that could cause Resolute's actual future financial condition, results of operations and performance to differ materially from those expressed or implied in the presentation referred to above include, but are not limited to, the potential risks and uncertainties set forth under the heading "Risk Factors" in Part I, Item 1A of Resolute's annual report on Form 10-K for the year ended December 31, 2010, as updated in Part II, Item 1A of Resolute's Quarterly Report on Form 10-Q for the period ended September 30, 2011, filed with the SEC and Resolute's other filings with the Canadian securities regulatory authorities.

All forward-looking statements in the presentation referred to above are expressly qualified by the cautionary statements contained or referred to above and in Resolute's other filings with the SEC and the Canadian securities regulatory authorities. Resolute disclaims any obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

For further information:

Investors
Rémi G. Lalonde
Vice President, Investor Relations and Senior Legal Counsel
514 394-2345
ir@resolutefp.com

Media and Others
Seth Kursman
Vice President, Corporate Communications, Sustainability and Government Affairs
514 394-2398
seth.kursman@resolutefp.com

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Financials ($)
Sales 2016 3 588 M
EBIT 2016 10,3 M
Net income 2016 -51,9 M
Debt 2016 669 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 0,30x
EV / Sales 2017 0,32x
Capitalization 415 M
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Consensus 
Mean consensus UNDERPERFORM
Number of Analysts 5
Average target price 5,05 $
Spread / Average Target 7,9%
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Managers
NameTitle
Richard C. Garneau President, Chief Executive Officer & Director
Bradley Paul L. Martin Chairman
Jo-Ann Longworth Chief Financial Officer & Senior Vice President
Yves Laflamme Senior VP-Wood Products & Information Technology
Richard Douglas Falconer Independent Director
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