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Rottneros shows improvement

Feb 2 2010  Pulp producer Rottneros shows an improved result 2009: -69 million Kronor, compared to -385 million previous year.

For the fourth quarter of the year, Rottneros’ result was 0, compared to -169 million Kronor corresponding period previous year.Cash flow from Rottneros’ operating activities amounted to 84 million Kronor for 2009 (-49).Rottneros repaid 407 million Kronor of loans during the year. During the fourth quarter, Rottneros implemented a new issue of shares, which added 202 million Kronor to equity after deduction for guarantee and issue expenses. The company also implemented a new issue aimed at Rottneros’ bank syndicate, which involved offsetting loans equivalent to 200 million ?Kronor. Rottneros’ net loan debt, amounting to 729 million Kronor at 31 December 2008, has been transformed into an interest-bearing net loan receivable of ten million Kronor following amortization and the new issues of shares implemented.The pulp market remains strong and demand has increased. At the same time, global pulp stock levels are generally low, which has resulted in a positive price trend. Rottneros will, however, not provide a full-year forecast for 2010.

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