Thursday, April 25, 2013

Norske Skog Reports Q1 Results

http://www.norskeskog.com/Default.aspx
First quarter of 2013: Gross operating earnings NOK 174 million (NOK 332 million in the fourth quarter of 2012). Decline due to lower prices, seasonality and active capacity management.
Negative cash flow from operating activities of NOK 106 million reflecting restructuring payments and seasonally increased working capita.
Net interest-bearing debt increased by NOK 461 million to NOK 6 482 million in the quarter reflecting adverse currency effects and negative cash flow.