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Norske Skogindustrier ASA (NSG.OL)

NSG.OL on Oslo Stock Exchange

27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Norske Skog: price increase for all exports from Australia and New Zealand to Asian markets
Tuesday, 14 Mar 2017 05:00am EDT 

Norske Skogindustrier ASA : Announces a price increase for all exports from Australia and New Zealand to Asian Markets .Price increase will be in range of 5-10 pct, depending on underlying cost increase applying to relevant market and customer, and will take effect from April 1, 2017.  Full Article

Norske Skogindustrier Q4 EBITDA down at NOK 221 million
Wednesday, 8 Feb 2017 01:00am EST 

Norske Skogindustrier ASA : Q4 operating revenue 3.06 billion Norwegian crowns ($370 million) versus 3.09 billion crowns year ago . Q4 EBITDA 221 million crowns versus 260 million crowns year ago . Group sales volumes will be on level with last year in 2017 .Group is targeting 25 pct of GOE to be generated from new businesses by 2020.  Full Article

Norske Skog warns Q4 gross operating earnings weaker than Q3
Wednesday, 1 Feb 2017 01:44pm EST 

Norske Skogindustrier Asa : Says despite initiatives last year which significantly reduced the group's net debt, the company continues to consider alternatives to further optimize capital structure and strengthen its financial position . In this regard, the company has discussed various financing and recapitalisation alternatives with a selected group of investors .In the discussions, which have now been terminated, the company communicated that the fourth quarter 2016 gross operating earnings (GOE) would be slightly weaker than the third quarter 2016 GOE, reflecting input cost inflation and GBP depreciation despite fourth quarter revenues being above NOK 3 billion ($364.70 million).  Full Article

Norske Skog appoints Henrik August Christensen new chairman
Wednesday, 10 Aug 2016 05:51am EDT 

Norske Skogindustrier ASA :Henrik August Christensen elected new chairman.  Full Article

Norske Skog: Henrik A. Christensen nominated new Chairman
Thursday, 28 Jul 2016 09:00am EDT 

Norske Skogindustrier ASA :Henrik A. Christensen nominated as new Chairman of Norske Skog.  Full Article

Moody's upgraded Norske Skogindustrier
Wednesday, 27 Jul 2016 05:49am EDT 

Norske Skogindustrier ASA : Moody's has upgraded Norske Skogindustrier ASA's corporate family rating to Caa2 from Caa3, and the probability of default rating (PDR) to Caa2-PD from Caa3-PD .The outlook on all ratings is stable.  Full Article

BRIEF-Norske Skog: material write-downs of NOK 1.4 billion in Q2
Wednesday, 20 Jul 2016 01:02am EDT 

downs) July 20 (Reuters) - Norske Skogindustrier ASA : Q2 EBITDA 335 million Norwegian crowns ($39.4 million) versus 138 million crowns year ago . Q2 operating revenue 2.89 billion crowns versus 2.79 billion crowns year ago . Q2 accounting effects of asset write-downs was 1.4 billion crowns, respectively 0.3 billion crowns in Europe and 0.9 billion crowns in Australasia . Says sales volumes will be seasonally higher in second half .Says H2 margins should be on level with first half.  Full Article

Norske Skog Q2 EBITDA up at NOK 335 million
Tuesday, 12 Jul 2016 06:45am EDT 

Norske Skogindustrier ASA : Q2 gross operating earnings (EBITDA) 335 million Norwegian crowns ($39.66 million) versus 138 million crowns year ago . Favourable energy costs for European mills and efficiency measures at all mills are expected to reduce variable costs by 2-3 pct per tonne in 2016 . Fixed costs initiatives continue at all mills towards a run-rate group level of 600 million crowns per quarter by year-end 2016 .Ongoing growth initiatives are expected to contribute marginally to gross operating earnings this year but to reach full run-rate potential within a timeframe of 3-4 years.  Full Article

Norske Skog raises EUR 10 mln loan from GSO and Cyrus
Thursday, 16 Jun 2016 03:27am EDT 

Norske Skogindustrier ASA : Said on Wednesday implemented a 20 million euros ($22.5 million) transaction financing the sales process of the Tasman geothermal power plant . Raised a 10 million euros loan from GSO and Cyrus .Said the initiative to free up trapped cash of up to 10 million euros is still ongoing..  Full Article

Norske Skog: 25.6 mln shares subscribed in repair offering
Wednesday, 8 Jun 2016 01:38am EDT 

Norske Skogindustrier ASA : Said on Tuesday had received valid subscriptions for total of 25,588,655 offer shares in repair offering .Said repair offering consisted of up to 31,512,099 new shares.  Full Article

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