Norway's Norske Skog Q2 EBITDA drops, revenue declines

Norske Skog ASA

14/07/2026 06:11

Overview
Norway packaging and publication paper producer's Q2 EBITDA fell sharply to NOK 73 mln from NOK 451 mln in Q1
Q2 revenue declined to NOK 2,584 mln from NOK 2,877 mln in Q1, impacted by stronger NOK
Packaging paper segment achieved first positive EBITDA margin, supported by record containerboard deliveries

Outlook
Company expects NOK 780 mln cash proceeds from NND transaction in Q3 2026
Norske Skog targets full utilisation at Golbey PM1 in first half of 2027
Company maintains focus on cost reductions and working capital discipline amid challenging markets

Result Drivers
STRONGER NOK & LOWER OTHER INCOME - Co said a stronger NOK and lower other operating income weighed on Q2 results
PACKAGING PAPER RAMP-UP - Record recycled containerboard deliveries and first positive EBITDA margin for packaging paper segment, supported by higher deliveries and price increases
COST REDUCTION INITIATIVES - Cost reduction efforts across mills helped offset some pressures, per management

Company press release: ID:nObiYmqgwa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EBITDA
Miss
NOK 73 mln
NOK 459 mln (1 Analyst)

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the paper products peer group is "buy"
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 48 three months ago

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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.)