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Acco Brands expects nearly flat sales in 2008

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May 7, 2008

LINCOLNSHIRE, Ill.—Acco Brands Corp., which makes office products, said Wednesday it expects 2008 sales to be close to flat as weak demand continues throughout the year.

Last year, sales were $1.94 billion. Analysts polled by Thomson Financial, on average, expect sales of $1.91 billion.

The Lincolnshire, Ill.-based company reaffirmed guidance of earnings per share growth in the double digits.

The company is in the midst of a turnaround plan to focus on its consumer-products business and shed other low-margin business.

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