○ EBITDA for the period NOK 560 million, compared to NOK 505 million in the previous quarter * Includes net gain of NOK 236 million primarily from sale of water rights and termination of energy contracts related to Albury transactions ○ Cash flow from operations NOK -78 million, a decrease from NOK 150 million in the previous quarter * Negatively impacted by settlement of redundancy payment for Albury in fourth quarter and gain from termination of energy contract paid in first quarter 2020 ○ Continued challenging operating environment in Australasia * Impairment of NOK 155 million recognized for Tasman mill
The continuous rise of input costs make further corrective pricing measures inevitable.
Therefore, Sappi Europe today announces price increases for all Packaging and Speciality Papers with effect of October 1, 2018.
The increase will be 8% for all uncoated grades including glassine and 6% for all coated grades for Flexible Packaging, Label Papers, Containerboard, Silicon Base Papers and Paperboard. The price rise will apply to all European and Overseas markets.