Norske Skog ASA (DE:0BQ) has released an update.
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Norske Skog ASA reports a strong second quarter in 2024 with EBITDA rising to NOK 471 million, up from NOK 76 million in Q1, and a significant increase in their market position for paper products. The quarter also saw a positive cash flow from operations and a reduction in net interest-bearing debt, alongside strategic moves such as the initiation of a BCTMP production project and the successful refinancing of a bond loan at a lower interest rate. These developments come amidst a challenging market with excess capacity and a need for further industry consolidation.
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