Strong improvement by Rottneros
Rottneros reports an operating profit of 123 million Kronor for the first nine months of 2010 (-172). Profit after net financial items amounted to 64 million Kronor (43).Cash flow from operating activities amounted to 163 million Kronor (85) for the period January to September 2010.??An interest-bearing net receivable of 116 million Kronor was reported as at 30 September 2010, compared with ten million at the start of the year?."Rottneros’ profit before tax amounted to 64 million in the third quarter of the year, which was about 30 percent higher than the previous quarter. Return on capital employed for the quarter amounted to 21 percent," said Ole Terland, CEO of Rottneros."Vallvik mill was producing at full steam during the quarter, while Rottneros mill had its planned long holiday break. The negative impact of this shutdown on the quarterly result amounted to almost ten million Kronor. Production at both mills has been excellent and the quality of the outcome has been very good," Terland continued.