Brief: Norske Skog Q4 EBITDA At NOK 146 Million

Norske Skog ASA

04/02/2021 06:09

Feb 4 (Reuters) - Norske Skog ASA  NSKOG.OL :
    * SIGNIFICANT PROGRESS ON GREEN GROWTH PROJECTS
    * NORSKE SKOG'S EBITDA IN Q4 OF 2020 WAS NOK 146 MILLION, AN
INCREASE FROM NOK 73 MILLION IN Q3 OF 2020
    * DESPITE IMPROVEMENTS IN Q4, MARKETS HAVE NOT RETURNED TO
PRE-COVID-19 LEVELS.
    * CASH FLOW FROM OPERATIONS WAS NOK 73 MILLION IN QUARTER
COMPARED
TO NOK 115 MILLION IN PREVIOUS QUARTER
    * OPERATING EARNINGS IN Q4 OF 2020 WERE NOK -1 276 MILLION
COMPARED TO OPERATING EARNINGS OF NOK -31 MILLION IN Q3 OF 2020
    * QUARTER WAS SIGNIFICANTLY AFFECTED BY NON-CASH CHANGE IN
ACCOUNTING TREATMENT OF ENERGY CONTRACTS IN NORWAY
    * DECIDED NOT TO PROPOSE TO GENERAL MEETING ANY DIVIDEND FOR
2020.

Source text for Eikon:  ID:nObipNt8Ba 
Further company coverage:  NSKOG.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))