January–June 2019 (1–6/2018): •Sales were EUR 2,809 million (2,904). •Operating result was EUR 232 million (412). Comparable operating result was EUR 308 million (418). •Result before tax was EUR 202 million (368). Comparable result before tax was EUR 279 million (374). •Comparable return on capital employed was 12.1% (16.9). •Cash flow from operations was EUR 183 million (276). April–June 2019 (4–6/2018): •Sales were EUR 1,372 million (1,477). •Operating result was EUR 49 million (204). Comparable operating result was EUR 128 million (210). •Result before tax was EUR 36 million (184). Comparable result before tax was EUR 115 million (189). •Comparable return on capital employed was 10.2% (17.0). •Cash flow from operations was EUR 142 million (242).
Weyerhaeuser Company (NYSE: WY) today announced the completion of the sale of North Pacific Paper Company (“NORPAC”), the company’s printing papers business, to an affiliate of One Rock Capital Partners, LLC.
The transaction includes the printing papers mill located in Longview, Wash.
Weyerhaeuser expects to use a substantial portion of the after-tax proceeds for the repayment of debt. Terms of the sale were not disclosed.