Brief: Norske Skog To Enter The Growing Packaging Paper Market

Norske Skog ASA

25/11/2021 06:21

Nov 25 (Reuters) - Norske Skog ASA  NSKOG.OL :
    * WILL ENTER THE LARGE AND GROWING RECYCLED CONTAINERBOARD
MARKET
IN Q4 2022
    * WILL SELL TO CORRUGATING COMPANIES, OF  WHICH THERE ARE
350-400
IN EUROPE
    * CONTAINERBOARD MARKET: EXPECTED EBITDA OF EUR 70-80M
    * EXPLORING PROPERTY DEVELOPMENT AND PARTNER  OPPORTUNITIES
FOR
SAUØYA IN HALDEN
    * REMAINING EXPANSION CAPEX FOR WTE FACILITY OF EUR 17M, OF
WHICH
ABOUT 50% WILL BE EXPENSED IN Q4 2021 AND REMAINDER IN H1 2022
    * GUIDED ANNUAL DEPRECIATION OF NOK 400-450M FOR EXISTING
ASSETS
    * GUIDED ANNUAL MAINTENANCE CAPEX OF NOK 150M FOR EXISTING
ASSETS
    * CURRENT NET DEBT OF EUR 102M AND REMAINING CAPITAL
EXPENDITURE 
COMMITMENTS OF EUR ABOUT 347M
    * OPERATIONAL CASH FLOWS LESS MAINTENANCE CAPEX OVER NEXT
TWOYEAR
PERIOD (2022-23) TO ALLEVIATE CAPEX COMMITMEN
    * PUBLICATION PAPER MARKET EXPECTED  TO REMAIN TIGHT INTO
2022
    * ENTERING THE GROWING PACKAGING  PAPER MARKET IN LESS THAN
ONE
YEAR

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

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