Borregaard Q3 Operating Profit Falls To NOK 144 Million

BORREGAARD ASA

23/10/2018 06:28

(Updates BRIEF to include outlook)
    Oct 23 (Reuters) - Borregaard ASA  BRGD.OL :
    * REG-BORREGAARD: EBITA ADJUSTED. NOK 145 MILLION (NOK 197
MILLION) IN 3RD QUARTER
    * OPERATING REVENUES INCREASED TO NOK 1,150 MILLION (NOK
1,089
MILLION) IN 3RD QUARTER OF 2018
    * Q3 OPERATING PROFIT NOK 144 MILLION VERSUS NOK 196 MILLION
YEAR
AGO
    * CELLULOSE PRICES IN SALES CURRENCY BOTH FOR THE FULL YEAR
AND IN
Q4 TO BE IN LINE WITH LAST YEAR
    * FIXED COSTS AND DEPRECIATION FOR THE FLORIDA PLANT IS
EXPECTED
TO BE APPROXIMATELY NOK 20 MILLION HIGHER THAN IN THE 4TH
QUARTER OF 2017
    * TOTAL SALES VOLUME IN THE 4TH QUARTER IS FORECAST TO BE
SLIGHTLY
BELOW THE 3RD QUARTER OF 2018
    * IN THE 4TH QUARTER, THE POSITIVE MARKET TREND FOR
WOODBASED
VANILLIN IS EXPECTED TO CONTINUE
    * DISTRIBUTION COSTS WILL GRADUALLY DECLINE OVER THE NEXT
QUARTERS
    * TOTAL CELLULOSE SALES VOLUME IN Q4 IS EXPECTED TO BE
SIMILAR TO
Q4  IN 2017 BUT WITH WEAKER PRODUCT MIX
    * WOOD AND CAUSTIC SODA COSTS ARE EXPECTED TO CONTINUE AT
THE
LEVEL SEEN IN THE 3RD QUARTER ALSO IN THE 4TH QUARTER, WHILE
ENERGY PRICES WILL BE HIGHER

Source text for Eikon:  ID:nGNE2XvVDy 
Further company coverage:  BRGD.OL 

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