Norske Skog remains under pressure
Norske Skog posted a net loss of NOK 1,39 bn for januari-september, a 60 % decline compared with same period last year.
Cash flow from operating activities was NOK -91 million in the third quarter, and was weaker than the third quarter of 2012. The decrease was due to lower operating earnings and increased working capital.
- The total production capacity has been reduced in line with market demand. A better balance between supply and demand has given room for price increases in the second half of the year.
–This, combined with a favourable exchange rate development and stable raw material costs, contributes to a brighter margin outlook, says CEO Sven Ombudstvedt.