Brief: Rottneros Q2 Profit After Financial Items Up At SEK 98 Mln

Rottneros AB

25/07/2019 07:19

July 25 (Reuters) - Rottneros AB  RROS.ST :
    * NET TURNOVER FOR Q2 OF 2019 INCREASED BY 1% TO SEK 582M
(576)
    * PROFIT AFTER FINANCIAL ITEMS FOR Q2 INCREASED BY 9% TO 98M
(90)
    * Q2 PRODUCTION VOLUME FOR QUARTER WAS 107.7 (100.1)
THOUSAND
TONNES
    * VOLUME INCREASE TOGETHER WITH DIMINISHING IMPACT FROM PULP
PRICE
HEDGES MEANT THAT EBIT IN Q2 INCREASED BY 10 PER CENT COMPARED
TO LAST YEAR'S Q2 AND 42 PER CENT IN FIRST HALF OF 2019
    * PULP PRICES CONTINUE TO BE PRESSURED BY A SHORT-TERM
DETERIORATION IN MARKET BALANCE, RESULTING IN INCREASED PRODUCER
INVENTORIES
    * CONSUMPTION GROWTH IS HAMPERED BY SLOWDOWN IN WORLD
ECONOMY,
WHERE CHINA IS MAINLY AFFECTED BY INCREASED TRADE BARRIERS

Source text for Eikon:  ID:nWkr2W9z9V 
Further company coverage:  RROS.ST 

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