Net sales were Euro 840.7 million in January-September 2015. EBITDA adjusted for non-recurring items decreased to Euro 71.5 million and the adjusted EBITDA margin was 8.5% in January-September 2015.
The operating result adjusted for non-recurring items was Euro 31.5 million. Non-recurring items amounted to Euro -7.3 million and were related to the restructuring plan at the production facility located in Italy, which is part of Business Area Release Liners, other efforts to adjust the cost structure, other reorganization activities and environmental provisions.
The operating result was Euro 24.2 million and net result Euro 15.6 million. Earnings per share increased to Euro 0.30.
Munksjö's President and CEO, Jan Åström said: "During the first nine months of 2015, our operating environment has been challenging with increased short fibre pulp prices and mostly flat market development in many of our specialty paper segments.
The profitability development during the first nine months of 2015 has been unsatisfactory. A higher raw material cost level, negatively impacting EBITDA with Euro 21 million, was only partially compensated for by a positive impact of Euro 12 million as a result of increased sales prices. The gradually implemented sales price increases are expected to have full effect at the beginning of the 4Q”.
Munksjö is a world-leading manufacturer of advanced paper products developed with intelligent paper technology.
