Brief: Norske Skog Q2 EBITDA Falls To NOK 138 Mln

Norske Skog ASA

16/07/2020 07:20

July 16 (Reuters) - Norske Skog ASA  NSKOG.OL :
    * Q2 TOTAL OPERATING INCOME NOK 2,167 MILLION VERSUS NOK
3,316
MILLION YEAR AGO
    * Q2 EBITDA NOK 138 MILLION VERSUS NOK 444 MILLION YEAR AGO
    * LOWER OPERATING REVENUE IN SECOND QUARTER COMPARED TO
PREVIOUS
QUARTER WAS MAINLY DRIVEN BY A REDUCTION IN DELIVERIES (SALES
VOLUME) AS A RESULT OF COVID-19 RESTRICTIONS ON MOVEMENT
    * CONTINUED SOFTENING OF NATIONAL RESTRICTIONS CAUSED BY
CORONAVIRUS PANDEMIC, IS EXPECTED TO HAVE POSITIVE EFFECT ON
DEMAND FOR PUBLICATION PAPER
    * LOWER SALES PRICES IN H2 2020 WILL TO SOME DEGREE BE
OFFSET BY
DECREASE IN INPUT COSTS FROM ENERGY, PULPWOOD AND RECOVERED
PAPER

Source text for Eikon:  ID:nObiqPGm0a 
Further company coverage:  NSKOG.OL 

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