Norske Skog pre-tax profit plummets in Q1 2026

Norske Skog has recorded a pre-tax nett of Nkr236m ($25.2m) successful the archetypal 4th of 2026, down 46% from Nkr442m successful Q1 2025.

EBITDA decreased by 26% to Nkr451m successful the 4th from Nkr612m a twelvemonth earlier, portion recycled containerboard shipments reached 106,000 tonnes.

Operating income stood astatine Nkr2.8bn successful the archetypal quarter, compared with Nkr3.1bn successful the erstwhile year, a 7% decrease.

In the company’s packaging insubstantial segment, operating gross roseate 89% to Nkr398m from Nkr210m a twelvemonth ago.

Total operating income successful the conception astir doubled to Nkr508m during the 4th from Nkr255m successful Q1 2025.

The conception consists of Norske Skog’s operations successful the packaging insubstantial market, with mills successful France and Austria. Annual accumulation capableness is astir 0.8 cardinal tonnes erstwhile afloat utilisation is reached.

Norske Skog CEO Geir Drangsland said: “We achieved grounds containerboard deliveries and importantly improved profitability successful the archetypal quarter. Operational show continues to amended crossed our packaging insubstantial business, portion work insubstantial profitability benefited from little earthy worldly costs and the recognised summation related to the Saugbrugs transaction.

“We are besides seeing wide effects from our ongoing outgo and moving superior initiatives. Cash procreation was strong, moving superior remained efficient, and important liquidity inflows aft quarter-end further strengthened our equilibrium sheet.”

In May 2025, the Norwegian pulp and insubstantial institution started recycled containerboard accumulation astatine its Golbey mill successful France aft an concern of astir €400m.

The caller containerboard instrumentality volition summation the company’s capableness by 550,000 tonnes, raising the group’s full capableness to 760,000 tonnes.

"Norske Skog pre-tax nett plummets successful Q1 2026" was primitively created and published by Packaging Gateway, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.