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 2013Q3 2013Q2 2013Q1 2013FY 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

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Source: Norske Skog via Globenewswire
HUG#1773131