Sweden's Rottneros Q3 EBITDA turns positive on lower costs
Sweden's Rottneros Q3 EBITDA turns positive on lower costs
Overview
Sweden market pulp producer's Q3 net turnover fell 1% as higher volumes offset lower prices
Q3 EBITDA turned positive, driven by lower variable costs and emission allowance sales
Net loss and loss per share narrowed from a year earlier
Outlook
Company expects full-year investments of about 60 mln SEK
Rottneros says focus on cost-effectiveness and cash flow will continue
Company says market overcapacity persists, with production adjusted to demand and profitability
Result Drivers
LOWER VARIABLE COSTS - Co said reduced variable costs, mainly from lower pulp wood prices, drove earnings improvement
EMISSION ALLOWANCE SALES - Sale of emission allowances contributed positively to earnings
CURRENCY IMPACT - Stronger USD had a positive effect on turnover and earnings
Company press release: ID:nWkr4bY4nD
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Loss Per Share |
| SEK 0.06 |
|
Q3 Net Loss |
| SEK 15 mln |
|
Q3 EBITDA |
| SEK 26 mln |
|
Reuters Recommended Reads
Oct 22 - Sweden's Billerud Q3 sales rise on higher volumes, pricing
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Oct 22 - Sweden's Arjo Q3 revenue beats estimates, gross margin expands
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(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.)