Norske Skog: Improved market conditions, still weak result
In an interviews with news agency Reuters, Sven Ombudstvedt said that business performance had been somewhat better than he expected during the third quarter, but that Norske Skog's result will continue to be weak. Market conditions, however, have improved, Ombudstvedt said, and he expects price increases for Norske Skog's products in the year to come.According to Ombudstvedt, Norske Skog's results in the third quarter will be weak, as it was guided in connection with the presentation of the financial statements for the second quarter. Norske Skog will publish the ordinary pre-quarterly release for the third quarter next week (week 42).Sven Ombudstvedt also said that he expects restructuring measures in the European newsprint producers sector within the coming 12-18 months.