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Norske Skog ASA ( (DE:0BQ) ) has shared an update.
Norske Skog ASA reported a decline in EBITDA to NOK 33 million in Q4 2024, influenced by rising energy and timber costs. The company is undergoing a transformation with the upcoming start of packaging paper production at Norske Skog Golbey, increasing production capacity by 36%. This move is part of a broader strategy to shift from publication to packaging papers, leveraging recycled materials. The financial forecast includes a positive impact from an insurance settlement and ongoing efforts to manage costs and improve liquidity.
More about Norske Skog ASA
Norske Skog ASA is a company operating in the paper industry, primarily focusing on the production of publication and packaging papers. With a strategic shift towards sustainable practices, the company is investing significantly in recycled packaging paper production to adapt to the evolving market demands.
YTD Price Performance: -1.57%
Average Trading Volume: 533
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €174.5M
For detailed information about 0BQ stock, go to TipRanks’ Stock Analysis page.