Rottneros reports improved result
April 22 2010 Rottneros result after net financial items for the first quarter of 2010 amounted to eleven million Kronor (-115). The operating result amounted to seven million Kronor (-110).
Rottneros cash flow from operating activities amounted to 69 million Kronor (29) in the first quarter.The high price of electricity had a strong impact during the first few months of the year. Besides increasing the cost of electricity, the high price of energy also resulted in production stoppages with ensuing stoppage costs. Problems in the Swedish energy market had a negative impact on Rottneros overall result by approximately 30 million Kronor.The pulp market remains strong, with a high level of demand, and global pulp stocks have remained at low levels. Further price increases have been announced by Rottneros for April and May 2010.