Brief: Nordic Paper Decides On Strategic Investments For Bäckhammar

Nordic Paper Holding AB

29/08/2023 18:22

Aug 29 (Reuters) - Nordic Paper Holding AB  NPAPER.ST :
    * NORDIC PAPER DECIDES ON STRATEGIC INVESTMENTS FOR
BÄCKHAMMAR
    * SAYS BOARD OF DIRECTORS OF NORDIC PAPER HAS TODAY DECIDED
TO
INVEST APPROXIMATELY SEK 850 M AT BÄCKHAMMAR MILL
    * INVESTMENTS WILL BE CARRIED OUT 2023-2025 AND WILL BE
FINANCED
THROUGH EXISTING CREDIT FACILITIES
    * INVESTMENTS ARE EXPECTED TO ADD ABOUT SEK 100 M ANNUALLY
TO
NORDIC PAPER EBITDA
    * MAIN CASH FLOW EFFECT FROM THESE INVESTMENTS WILL OCCUR IN
2024
AND 2025 WITH MORE THAN SEK 300 M EACH YEAR
    * THERE WILL ALSO BE A CASH FLOW EFFECT IN 2023 MOST OF
WHICH IN
Q4, AS WELL AS A MINOR EFFECT IN 2026

Source text for Eikon:  ID:nWkr7KZZ7f 
Further company coverage:  NPAPER.ST 

 ((Reuters.Briefs@thomsonreuters.com;))