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NSKOGo Norske Skog ASA News Story

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Basic MaterialsHighly SpeculativeSmall CapTurnaround

Norway's Norske Skog Q1 EBITDA rises, containerboard deliveries hit record

Corrects EBIT in Key Details table to NOK 2.88 bln, from NOK 407 mln

Overview

Norway packaging and publication paper maker's Q1 operating income rose quarter-on-quarter

Q1 EBITDA increased to NOK 451 mln, with record recycled containerboard deliveries

Publication paper profitability improved due to lower raw material costs and Saugbrugs transaction gain

Outlook

Norske Skog expects continued volatility in raw material prices and challenging market conditions

Published price increases for publication paper are expected to strengthen profitability going forward

Company says higher energy prices will affect the industry, but expects to be less impacted

Result Drivers

RECORD CONTAINERBOARD DELIVERIES - Record recycled containerboard deliveries of 106,000 tonnes supported profitability in the packaging paper segment

LOWER RAW MATERIAL COSTS - Publication paper profitability improved due to lower pulpwood prices and reduced manning

SAUGBRUGS TRANSACTION GAIN - Publication paper segment recognized a NOK 320 mln gain from the Saugbrugs transaction

Company press release: ID:nObiPl6Lma

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 EBITDABeatNOK 451 mlnNOK 389.50 mln (2 Analysts)
Q1 EBITNOK 407 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the paper products peer group is "buy" Wall Street's median 12-month price target for Norske Skog ASA is NOK23.00, about 40.9% below its April 23 closing price of NOK38.90 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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