The Group's sales revenues in Q4 2024 amounted to NOK 574.4 million which is a
NOK 3.0 million (0.5 %) increase from Q4 2023. Sales revenue for YTD Q4 2024
amounted to NOK 2,167.4 million which is NOK 55.5 million (2.5 %) lower than for
the same period in 2023. 

The EBITDA in Q4 was  49.3 million in 2024, compared to  55.9 million in 2023.
The Group achieved an EBITDA YTD Q4 2024 of NOK  212.9 million compared to NOK 
293.3 million in the same period last year.

The adjusted operating profit in Q4 2024 was NOK  26.2  million compared to NOK 
31.7 million in the same period last year. For YTD 2024, the adjusted operating
profit was NOK  125.1 million, compared to NOK 203.1   million last year. The
operating profit contains non-recurring items, please see reconciliation of
adjusted operating profit in Alternative Performance Measures after the notes to
the interim report.

From 9 March 2023 the investment in Norske Skog ASA is classified as an
investment in associate and is accounted for using the equity method in
accordance with IAS 28. See note 12 for more information. Share of profit from
associate was NOK -201.8 million YTD Q4 2024. See Norske Skog ASA's latest
quarterly report and annual accounts for more information.

The Group achieved an adjusted profit before tax in Q4 2024 of NOK  3.3 million,
compared to NOK  (0.6) million last year. Adjusted profit before tax YTD Q4 was
NOK  31.7  million compared to NOK  109.9  million in the same period in 2023. 

YTD Q4 2024, net financials amounted to an expense of NOK 93.4 million which is
NOK 0.1 million increase in cost compared to the same period in 2023. The main
reasons for the increase in net financial expenses are increased interest rates,
and changes in the value of interest rate swaps. Please see note 3 for
specification of net financials.

The liquidity reserve as of 31 December 2024 amounted to NOK 122.0 million, a
reduction of NOK 145.6 million from 1 January 2024. The Board of Directors will
maintain its focus on capital and cost-efficiency.

Net interest-bearing debt is decreased from NOK 1,375.7 million as of 1 January
2024 to NOK 1,365.8 million as of 31 December 2024. As of the fourth quarter of
2024, there were acquired loans of NOK 74.3 million. 
Investments in tangible fixed assets and intangible assets YTD Q4 2024 totaled
NOK 40.5 million which is NOK 36.7 million lower than in 2023. 

Total assets decreased from NOK 3,240.6 million as at 1 January 2024 to NOK
2,911.8 million as at 31 December 2024. Booked equity as of 31 December 2024 was
NOK 912.5 million (31.3 %), which is a decrease of NOK 216.6 million compared to
1 January 2024 (34.8 %). The reasons for the change in equity are due to the
profit of the year of NOK -258.6 million, a currency translation difference of
NOK -0.1 million and share of other comprehensive income from associate of NOK
42.1 million.

*) Definition of EBITDA, adjusted operating profit, liquidity reserve, profit
margin and net interest-bearing debt are added after the notes.