Despite improving market conditions, with higher volumes and price increases for magazine paper and newsprint outside Europe, Norske Skog was unable to compensate for price increases on input factors such as recovered paper, wood and market pulp. The company reports a net loss of NOK44m for the third quarter, compared to a loss of NOK874m in the second quarter and a loss of NOK418m in the third quarter of 2009. Sales for the quarter declined to NOK4.80bn from NOK5.03 last year. On a positive note, capacity utilisation was 90%, the highest level since the fourth quarter of 2008, Norske Skog said.
Norske Skog reports weak results in an improved market
© 2010 EUWID Europäischer Wirtschaftsdienst GmbH | All Rights Reserved.
Copyright notice The individual articles, tables and other contents published by EUWID are protected by copyright and are provided exclusively for the client's own use and the use of the client's employees. In the absence of a more extensive licence agreement, only one copy may be printed for circulation at a single business location designated by the client. Digital distribution of EUWID contents, especially by intranet or by e-mail, within a company, throughout a group of companies, or outside a company is not permitted and constitutes an infringement of copyright law. Read more in our FAQ.