Rottneros reports improved result
Apr 28, 2010. Rottneros result after net financial items for the 1Q 2010 amounted to SEK 11 million ($1.5 million). The operating result for the 1Q amounted to SEK 7 ($1 million) million.
Apr 28, 2010. /Lesprom Network/. Rottneros result after net financial items for the 1Q 2010 amounted to SEK 11 million ($1.5 million) . The operating result for the 1Q amounted to SEK 7 ($1 million) million, company said in a statement received by Lesprom Network.
The high price of electricity had a strong impact during the first few months of the year. Besides increasing the cost of electricity, the high price of energy also resulted in production stoppages with ensuing stoppage costs. Problems in the Swedish energy market had a negative impact on the overall result by approximately SEK 30 million.
The cash flow from operating activities amounted to SEK 69 million ($9.6 million) in the 1Q 2010.
The pulp market remains strong, with a high level of demand. Global pulp stocks have remained at low levels. Further price increases have been announced for April and May 2010.
Rottneros has an annual production capacity of almost 400,000 tonnes of pulp at two mills in Sweden.