Brief: Norske Skog Q3 EBITDA Up At NOK 505 Million

Norske Skog ASA

31/10/2019 06:10

Oct 31 (Reuters) - Norske Skog ASA  NSKOG.OL :
    * NORSKE SKOG'S EBITDA IN Q3 2019 WAS NOK 505 MILLION, AN
INCREASE
FROM NOK 444 MILLION IN Q2 2019
    * PRICES HAVE DECLINED INTO Q3 AND CURRENT PRICE LEVELS ARE
EXPECTED INTO COMING QUARTER
    * IMPACT OF DECREASE IN SALES PRICES IS TO A LARGE DEGREE
OFFSET
BY DECREASED INPUT COST FROM ENERGY, PULP WOOD AND RECOVERED
PAPER
    * WE EXPECT REGIONAL EBITDA TO IMPROVE BY APPROXIMATELY NOK
80
MILLION IN 2020
    * SALES VOLUMES AND SALES PRICES IN EUROPE WERE SLIGHTLY
DOWN IN
Q3
    * LESS DOMESTIC DEMAND IN AUSTRALASIA RESULTED IN MORE
LOW-MARGIN
EXPORT SALES FROM REGION
    * Q3 TOTAL OPERATING INCOME NOK 3.19 BILLION VERSUS NOK 3.26
BILLION YEAR AGO
    * SALE OF ALBURY MILL WILL SUBSTANTIALLY STRENGTHEN OUR CASH
POSITION AND REDUCE OUR MARKET EXPOSURE TO ASIAN LOW-MARGIN
MARKETS FROM 2020

Source text for Eikon:  ID:nObil8By0a 
Further company coverage:  NSKOG.OL 

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