Estonia's Nordic Fibreboard Q2 net loss widens on energy costs
Estonia's Nordic Fibreboard Q2 net loss widens on energy costs
Overview
Estonia fibreboard producer's Q2 revenue rose 21% yr/yr, but net loss widened
Q2 EBITDA margin fell to negative 10% from negative 5% a year earlier
Results hit by sharp rise in gas prices, with limited ability to raise product prices
Outlook
Company expects fibreboard demand and sales volumes to remain stable in coming months
Gas prices continue to negatively impact operations; company does not expect relief soon
Company increasing focus on product development and expanding sales in the Nordic market
Result Drivers
NEW CUSTOMERS - Co said higher fibreboard sales were primarily supported by sales to new customers
ENERGY COSTS - Sharp rise in gas prices significantly negatively impacted Q2 results; co unable to raise product prices to match higher costs
Company press release: ID:nGNE54nJt9
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 REVENUE |
| EUR 2.26 mln |
|
Q2 Net Loss |
| EUR 414,000 |
|
Q2 EBITDA |
| -EUR 225,000 |
|
Q2 EBITDA Margin |
| -10.0% |
|
Q2 Operating Income |
| -EUR 370,000 |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)