Brief: Rottneros Q2 EBIT Down At SEK 2 Million

Rottneros AB

23/07/2020 07:06

July 23 (Reuters) - Rottneros AB  RROS.ST :
    * ROTTNEROS INTERIM REPORT APRIL-JUNE
    * EFFECTS AND CHALLENGES OF CORONA PANDEMIC WEIGHED ON OUR
MARKET
AND OPERATIONS DURING QUARTER
    * UNDERLYING PRODUCTION RATE WAS STABLE, ADJUSTED FOR
MAINTENANCE
SHUTDOWN AT ROTTNEROS MILL
    * LOWER PULP PRICES SQUEEZED NET SALES AND EARNINGS
    * NET SALES DECREASED BY 12 PER CENT DURING Q2 COMPARED WITH
CORRESPONDING PERIOD LAST YEAR
    * COMPARED WITH SAME QUARTER LAST YEAR, GROUP'S PRODUCTION
VOLUME
DECREASED BY 9 PER CENT AND DELIVERIES BY 2 PER CENT
    * Q2 NET TURNOVER SEK 510 MILLION VERSUS SEK 582 MILLION
YEAR AGO
    * Q2 EBIT SEK 2 MILLION VERSUS SEK 103 MILLION YEAR AGO
    * Q2 LOSS AFTER FINANCIAL ITEMS SEK 3 MILLION VERSUS PROFIT
SEK 98
MILLION YEAR AGO

Source text for Eikon:  ID:nWkr5X8w6S 
Further company coverage:  RROS.ST 

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