31 Mar 2014

Norske Skog: New segment structure from first quarter 2014

Norske Skog will report figures for the two operating segments "Publication Paper Europe" and "Publication Paper Australasia" from the first quarter of 2014. The change reflects the streamlining of the group, with consolidated operations now limited to Europe and Australasia.

The two new segments will include newsprint and magazine paper activities in Europe and Australasia respectively. Please see comparative figures by quarter for 2013 below. Norske Skog will publish interim financial statements in accordance with the new segment structure for the first quarter of 2014 on Thursday 24 April.

NOK mill. Q4 2013 Q3 2013 Q2 2013 Q1 2013 FY 2013
           
Publication Paper Europe          
Operating revenue 2 668 2 455 2 174 2 135 9 432
Gross operating earnings 159 83 16 68 326
Depreciation -99 -90 -85 -85 -360
Operating earnings -72 -4 -63 -19 -158
Gross operating margin (%) 6.0 3.4 0.7 3.2 3.5
Production (1 000 tonnes) 573 566 537 556 2 232
Deliveries (1 000 tonnes) 599 576 534 529 2 237
Production / capacity (%) 91 89 85 88 89
           
Publication Paper Australasia
Operating revenue 857 892 1 079 1 043 3 871
Gross operating earnings 140 113 214 126 593
Depreciation -93 -43 -109 -109 -354
Operating earnings 56 69 -86 19 58
Gross operating margin (%) 16.3 12.7 19.8 12.1 15.3
Production (1 000 tonnes) 165 188 234 221 807
Deliveries (1 000 tonnes) 178 187 226 221 812
Production / capacity (%) 84 91 92 86 88
           
Other activities          
Operating revenue 41 47 88 136 313
Gross operating earnings 0 -20 -16 -20 -56
Depreciation -3 -4 -4 -4 -15
Operating earnings -267 -70 -497 -177 -1 011

Oslo, 31 March 2014

Norske Skog
Communication and Corporate affairs

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information:

 
Media:
Vice President Corporate Communication
Carsten Dybevig
Mob: (+47) 917 63 117 		Financial markets:   
Vice President Investor Relations
Tom Rogn
Mob: (+47) 948 55 659