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2023-10-20 Kvartalsrapport 2023-Q3
2023-07-14 Kvartalsrapport 2023-Q2
2023-04-27 Kvartalsrapport 2023-Q1
2023-04-21 Ordinarie utdelning NSKOG 0.00 NOK
2023-04-20 Årsstämma 2023
2023-03-09 Extra Bolagsstämma 2022
2023-01-27 Bokslutskommuniké 2022
2022-10-21 Kvartalsrapport 2022-Q3
2022-07-15 Kvartalsrapport 2022-Q2
2022-04-28 Kvartalsrapport 2022-Q1
2022-04-22 Ordinarie utdelning NSKOG 0.00 NOK
2022-04-21 Årsstämma 2022
2022-02-04 Bokslutskommuniké 2021
2021-10-22 Kvartalsrapport 2021-Q3
2021-07-16 Kvartalsrapport 2021-Q2
2021-04-23 Kvartalsrapport 2021-Q1
2021-04-16 Ordinarie utdelning NSKOG 0.00 NOK
2021-04-15 Årsstämma 2021
2021-02-05 Extra Bolagsstämma 2021
2021-02-04 Bokslutskommuniké 2020
2020-10-22 Kvartalsrapport 2020-Q3
2020-08-31 Bonusutdelning NSKOG 3
2020-07-16 Kvartalsrapport 2020-Q2
2020-04-23 Kvartalsrapport 2020-Q1
2020-04-17 Ordinarie utdelning NSKOG 3.25 NOK
2020-04-16 Årsstämma 2020
2020-02-06 Bokslutskommuniké 2019

Beskrivning

LandNorge
ListaOB Match
SektorMaterial
IndustriSkog & Cellulosa
Norske Skog är verksamma inom skogsindustrin. Bolaget är en tillverkare av diverse produkter för nyhetstidningar, posters samt kontorspapper. Störst verksamhet återfinns inom den nordiska marknaden, men företaget har även produktionsanläggningar runtom den australiensiska marknaden. Kunderna består av diverse företagskunder inom varierande branscher.
2022-10-21 07:00:00
Norske Skog's EBITDA in the third quarter of 2022 was NOK 508 million, a
decrease from NOK 905 million in the second quarter of 2022. The third quarter
EBITDA was impacted negatively by reduced volumes and higher fixed costs per
tonnes following the closure for conversion of PM3 to containerboard production
at Norske Skog Bruck, reduced CO2 compensation in Norway and significant
increases in energy and raw materials, which more than offset the increase in
sales prices for all grades. The containerboard conversion projects are
progressing as planned.

"Despite the turbulence in the energy and raw material markets, we have been
able to sustain satisfactory margins on our publication paper products. Our
conversion projects at Bruck and Golbey are progressing as planned, and will
contribute to a long-term sustainable industrial platform," says Sven
Ombudstvedt, CEO of Norske Skog.

Cash flow from operations was NOK 627 million in the quarter compared to NOK 473
million in the previous quarter, positively impacted by the operating results
and change in working capital. Operating earnings in the third quarter of 2022
were NOK 113 million compared to operating earnings in the second quarter of
2022 of NOK 1 195 million. The quarter was negatively affected by non-cash
changes in fair value of energy contracts in Norway amounting to NOK 273
million. The Norwegian 2023 national budget proposal introduced a NOK 200 floor
per tonne CO2 deduction in the CO2 compensation with retroactive effect for
2022. This will annually increase the energy costs for the Norwegian mills with
NOK 140 million. Net loss in the quarter was NOK 11 million compared to a net
profit of NOK 935 million in the previous quarter. Net interest-bearing debt was
NOK 970 million at the end of the third quarter, with an equity ratio of 38%.


Status projects
The conversion of newsprint machines at Norske Skog Bruck and Norske Skog Golbey
will add 760 000 tonnes of cost-competitive and low-emission containerboard
capacity. The containerboard production will be fully based on recycled fibre,
and will utilise green energy generated from the waste-to-energy facility at the
Bruck industrial site and the biomass plant under construction at the Golbey
industrial site (Green Valley Energie). The containerboard investments are
financed by debt facility agreements with an aggregate amount of EUR 265
million, having an average maturity towards the end of 2030.

"We are well prepared to soon serve both the publication paper and the
packaging paper markets in a sustainable and profitable manner. We are now fine
tuning our entire organisation to be prepared for entering a new era of
opportunities within the containerboard markets," says Ombudstvedt.

Bruck ceased newsprint production (PM3) in the quarter to enable the conversion
of the machine to recycled containerboard production. Staff will remain on site
until Bruck enters the packaging paper market in the first quarter of 2023. At
Golbey, the conversion of one newsprint machine (PM1) into recycled
containerboard production is progressing as planned with expected start-up in
the fourth quarter of 2023.

The Green Valley Energie (GVE) joint venture, in which Norske Skog Golbey has a
10% stake, has started the construction of the largest biomass boiler of its
kind in France at the mill site of Golbey. The biomass boiler will produce
about 200 GWh of electricity and about 700 GWh of renewable heat, thus
generating CO2 savings of 210 000 tonnes per year and providing electricity
equivalent to the consumption of more than 13 000 homes.

"The Green Valley Energie project represents the transition of Norske Skog
towards new growth markets and sustainable energy. The biomass boiler will
ensure a stable, long-term supply of cost-competitive and renewable steam as an
alternative to fossil energy sources, shielding us from the volatile energy
markets," says Ombudstvedt.

Norske Skog actively works to realise value from its industrial sites by
developing existing infrastructure and industry competence. Norske Skog
Saugbrugs has entered into a partnership with BEWI and BE Form to scale up
production and commercialise the biocomposite product CEBICO. The microfibrillar
cellulose product CEBINA has successfully been applied in various materials such
as epoxy and spray filler. Through the partnerships with Ocean GeoLoop at Norske
Skog Skogn and Borg CO2 at Norske Skog Saugbrugs, Norske Skog aims to pursue the
opportunity to become CO2 net negative or climate positive, and Norske Skog
explores economically viable models for utilisation of biogenic CO2.


Operations
Total annual publication paper production capacity for the group is 2.0 million
tonnes, with 1.7 million tonnes in Europe and 0.3 million tonnes in Australia.
Norske Skog has numerous ongoing bio products and energy activities at all
industrial sites.

Despite higher sales prices, operating revenue decreased from the previous
quarter due to reduced production and delivered volumes as a result of the
ongoing conversion of Bruck PM3. The sales price increases were driven by higher
energy and other raw material costs. Variable cost per tonne increased mainly
due to reduced CO2 compensation in Norway, higher energy and raw material prices
in the quarter. Fixed costs per tonne increased somewhat due to lower production
volumes. Group capacity utilisation was 85% in the quarter, 83% in Europe and
94% in Australasia respectively. High peak energy prices and limited
availability of high priced recovered paper in Europe caused some operational
down-time in the quarter impacting the capacity utilisation.

According to Eurograph, demand for standard newsprint in Europe decreased by 3%
through August compared to the same period last year. SC magazine demand
decreased by around 10%