Balance sheet of Norske Skog, future of PM 6 in Saugbrugs open
News General news
The results of Norske Skog, Lysaker, for the 2023 financial year are characterised by declining demand and falling prices for all grades of publication paper.
However, they were supported in the fourth quarter of the year by insurance payments following the landslide at the Saugbrugs paper mill and the sale of the Tasman mill in Australia. The annual results show significant declines in EBITDA (2023: nkr 2.14 billion / 2022: nkr 3.11 billion), operating profit (nkr 896 million / nkr 2.85 billion) and sales (nkr 13.52 billion / nkr 15.21 billion).
Meanwhile, the future of the damaged PM 6 at the Saugbrugs mill remains open. The company has stated that the paper machine will remain out of operation for the whole of 2024. In total, up to nkr 2.4 billion in insurance benefits could be claimed for the damage and its consequences for interruptions in the operation of the plant, repair of the damage and investment in equipment. Options for future production operations at the Saugbrugs plant will continue to be explored, explained Norske Skog.
