Quebecor Worlds third-quarter net income fell 20% due, it says, to the after-effects of the 11 September attacks, and its outlook for the rest of the year is "uncertain".
President and chief executive Charles Cavell said the group traditionally earned half of its third-quarter net income during September, but added: "The shock experienced by the US economy dramatically affected our September results."
Revenue for the three months to 30 September fell 1% to 1bn ($1.6bn), while operating income dropped 15% to 119m.
Quebecor World said the restructuring plans it announced last month (PrintWeek, 12 October) would be put in place over the next six months, leading to an annual pre-tax earnings improvement of 31m.
Have your say in the Printweek Poll
Related stories
Latest comments
"They should change their name to ‘pound less’ . 🙀"
"Hmmmm, compared to former glories maybe the Bedsit of Print with shared bathroom and kitchen."
"The closures affect Newcastle, Plymouth, Sheerness, Wellingborough sites, with Milton Keynes relocating and redundancies at other locations according to one newspaper."
Up next...

'Much-needed consolidation'
Encore Group acquires rival

Will be available in Japan and Europe first
Epson readies new cobot

Data collected at key milestones
Citipost Global launches milestone-tracked international mail service

Change honours the firm’s legacy