Good deliveries but production disruptions
NET TURNOVER dropped by 8 percent to 688 (744) MSEK. Compared to the fourth quarter of 2023, sales rose by 8 percent due to higher market prices and increased delivery volumes.
THE
PRODUCED VOLUME amounted to 84.3 (89.6) thousand tonnes, which is 15 percent lower than in the same quarter of 2023. The outcome was affected by a cold winter and production disruptions in Vallvik.
VOLUME SOLD amounted to 89.8 (82.6) thousand tonnes, an increase of 9 percent.
EBIT (operating profit) was 5 (149) MSEK. Compared with the same quarter in 2023, pulp prices were lower, while wood costs were higher. Profit was also affected by lower production at
NET PROFIT for the quarter amounted to -2 (118) MSEK. Earnings per share totalled -0.02
THE BALANCE SHEET remains strong. The equity/assets ratio was 65 (66) percent and available liquidity totalled 427 (860) MSEK. Net cash amounted to 12 MSEK.
DIVIDEND The AGM resolved, in accordance with the Board's proposal, to pay a dividend of
Statement by the CEO
Production-related challenges at
The production disruptions at
In the coming 12-18 months, we will step up the pace of our continuing maintenance investments to secure high and stable production in our mills, as we build for the future through our major investment projects. These projects include expanded CTMP capacity and solar cells with associated battery storage at
Continued strong competition for pulp wood but we benefit from our close supplier relationships
Although competition for pulp wood remained intense, our pulp wood supply was favourable, with good availability of wood and chips during the quarter. Clearly, our emphasis on maintaining close and long-term relationships with our suppliers is yielding results. This is crucial in minimising the amount we import from the Baltics at higher prices. While the rate of price increases for wood raw materials has slowed somewhat, the overall trend remains upward. Through Nykvist Skogs, we have deepened our relationships with a number of sawmills in recent years. This has been very successful and benefits our access to wood chips.
Favourable pulp market with positive price trend
The trend in the pulp market is positive. During the quarter, we saw gradual price increases, from around
Strong and growing interest in our climate-friendly packaging solutions
We continue to notice considerable interest in our climate-friendly packaging solutions within
Our robust finances are crucial to the Group's long-term development
Our solid balance sheet continues to give us the peace of mind to develop our business over the long term to create value while distributing a significant share of our net profit to our shareholders. Our well-attended Annual General Meeting in Sunne decided to pay a dividend of
In closing, I would like to express my warmest gratitude to all my colleagues for their wholehearted dedication, especially when we face tough challenges. I would also like to thank our customers, suppliers, owners and the
Lennart Eberleh, President and CEO
(For full report, see attached pdf)
This information is such information that
Reminder;
Invitation to
of interim report Q1 2024
All participants can follow the presentation via the web link at 12.00 CET
The presentation will be held in English. Questions can be asked in English or Swedish, via the link in advance or during the presentation.
You can also watch the presentation afterwards via
For further information please contact:
Lennart Eberleh, President and CEO,
+46 (0) 270 622 65, lennart.eberleh@rottneros.com
+46 (0) 270 622 70, monica.pasanen@rottneros.com
https://news.cision.com/rottneros-ab/r/rottneros-interim-report-january-march-2024,c3967302
https://mb.cision.com/Main/15260/3967302/2758085.pdf
https://mb.cision.com/Public/15260/3967302/a2a07d15dc359388.pdf
(c) 2024 Cision. All rights reserved., source