Koehler Paper to increase thermal paper prices by 12-15% from April 1

JANUARY–DECEMBER 2017 (1–12/2016) •Sales were EUR 5,040 million (4,658). •Operating result was EUR 581 million (442). Comparable operating result was EUR 566 million (439). •Result before tax was EUR 506…

Dr.-Ing. Fabian Gaus, 39, has joined the management board of LEIPA Group GmbH on 1 July 2020. He takes over the newly created function of Chief Sales Officer (CSO). His central field of responsibility in this function will be the goal- and future-oriented development of the LEIPA Group's sales activities. With a doctoral degree in mechanical engineering, Dr. Gaus has extensive knowledge in the manufacturing and energy industries, and with asset-heavy businesses in particular. Most recently, Dr. Gaus was Managing Director and CFO of Innogy Renewables US and Georgia Biomass, two subsidiaries of European utility innogy group in the United States. Georgia Biomass operates the largest wood pellet plant in the world.

Norske Skog’s EBITDA in the second quarter of 2020 was NOK 138 million, a decrease from NOK 379 million in the first quarter of 2020, mainly due to national restrictions on movement of goods and people following the outbreak of the corona pandemic. The restrictions had severe negative impact on operations due to a sudden and considerable drop in demand for publication paper. Operating earnings in the second quarter of 2020 were NOK -122 million compared to operating earnings of NOK 90 million in the first quarter of 2020 impacted by impairment recognized in the quarter. Net loss in the quarter was NOK 59 million compared to a net loss of NOK 374 million in the previous quarter. The previous quarter was impacted by unrealised currency loss that was only partially reversed in the second quarter as NOK was stronger at the quarter end. Cash flow from operations was NOK -109 million in the quarter compared to NOK 470 million in the previous quarter.