Brief: Rottneros swings to Q4 loss

Rottneros AB

09/02/2017 07:01

Feb 9 (Reuters) - Rottneros AB  RROS.ST  
    * Says net turnover for Q4 of 2016 was SEK 441 million (429) 
    * Says board of directors proposes an ordinary dividend of 
SEK 0.30 per share and an extra dividend of SEK 0.10 per share. 
    * Says loss after financial items for Q4 was SEK 7 million 
(profit 1) 
    * Says Like last year, fourth quarter earnings were impacted 
by the annual maintenance shutdown at Vallvik Mill 
    * Says the loss of production and the direct cost of the 
shutdown decreased earnings for the fourth quarter by approx. 
SEK 55 million 
    * Says a longer maintenance shutdown and a more difficult 
startup process at Vallvik Mill compared with the same quarter 
the previous year resulted in increased variable and fixed costs 
    * Says in the fourth quarter a reversal of previous 
writedowns of SEK 23 million and write-downs of SEK 9 million 
were recognised, which had a positive impact on other expenses 
and earnings of SEK 14 million on a net basis 
 
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Further company coverage:  RROS.ST  
 
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