Skog
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Norske Skog reports good financial results for the first quarter
Norske Skog's gross operating earnings (EBITDA) in the 1Q 2016 were NOK 242 million ($29.7 million), a slight seasonal decrease from NOK 260 million ($32 million) in the 4Q 2015, but a substantial improvement from NOK 192 million ($23.6 million) the 1Q of last year. European sales prices increased in the quarter, whereas the cost of energy decreased. It was somewhat offset by more low-margin Asian newsprint export from Australasia. "The market looks brighter. We are currently running at full capacity at our mills, but will continue to perform active portfolio management of our machine capacity when necessary. The announcements of large permanent capacity cuts and machine conversions in Europe and North-America in the last years in our product segments have been supportive to the market balance, and thus future price levels," says Sven Ombudstvedt, President and CEO of Norske... Continue reading
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April 21, 2016
Norske Skog reports good financial results for the first quarter
Norske Skog's gross operating earnings (EBITDA) in the 1Q 2016 were NOK 242 million ($29.7 million), a slight seasonal decrease from NOK 260 million ($32 million) in the 4Q 2015, but a substantial improvement from NOK 192 million ($23.6 million) the 1Q of last year. European sales prices increased in the quarter, whereas the cost of energy decreased. It was somewhat offset by more low-margin Asian newsprint export from Australasia. "The market looks brighter. We are currently running at full capacity at our mills, but will continue to perform active portfolio management of our machine capacity when necessary. The announcements of large permanent capacity cuts and machine conversions in Europe and North-America in the last years in our product segments have been supportive to the market balance, and thus future price levels," says Sven Ombudstvedt, President and CEO of Norske... Continue reading
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Norske Skog reports good financial results for the first quarter
Norske Skog's gross operating earnings (EBITDA) in the 1Q 2016 were NOK 242 million ($29.7 million), a slight seasonal decrease from NOK 260 million ($32 million) in the 4Q 2015, but a substantial improvement from NOK 192 million ($23.6 million) the 1Q of last year. European sales prices increased in the quarter, whereas the cost of energy decreased. It was somewhat offset by more low-margin Asian newsprint export from Australasia. "The market looks brighter. We are currently running at full capacity at our mills, but will continue to perform active portfolio management of our machine capacity when necessary. The announcements of large permanent capacity cuts and machine conversions in Europe and North-America in the last years in our product segments have been supportive to the market balance, and thus future price levels," says Sven Ombudstvedt, President and CEO of Norske... Continue reading