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Norske Skog ASA ( (DE:0BQ) ) just unveiled an update.
Norske Skog reported a significant increase in EBITDA to NOK 612 million in the first quarter of 2025, primarily due to a final insurance settlement at Norske Skog Saugbrugs. The company is expanding its operations with the completion of a major investment in packaging paper production at Golbey, marking its shift from a pure publication paper producer to a supplier of packaging paper. The company is also addressing industry challenges such as price volatility and overcapacity by reducing production costs and increasing recycled packaging paper production. Additionally, Norske Skog is appealing a decision by the Norwegian Environment Agency to exclude its facilities from the EU’s Emissions Trading System.
More about Norske Skog ASA
Norske Skog is a leading producer of publication paper with strong market positions and customer relationships in Europe. The company operates four mills in Europe that produce newsprint, recycled packaging paper, energy, and bioproducts. Norske Skog is transitioning to a more diversified business model, focusing on high-margin energy and bioproduct projects, and aims to increase its packaging paper production capacity.
YTD Price Performance: -31.76%
Average Trading Volume: 189
Technical Sentiment Signal: Buy
Current Market Cap: €128.8M
For detailed information about 0BQ stock, go to TipRanks’ Stock Analysis page.