Rottneros news
and press releases

At the Extraordinary General Meeting in Rottneros AB (publ) it was resolved to support the proposal by the Board of Directors regarding an extra dividend of SEK 0.70 per share.

Rottneros develops the Group's raw material supply through the acquisition of Nykvist Skogs AB. The deal means that Rottneros will increase the long-term availability of forest raw materials offered by private forest owners, while Nykvist Skogs will continue to develop as an autonomous and independent raw material operator.

Strong deliveries in  a weakening market

·  NET TURNOVER for the third quarter 2019 increased by 9 % to 618 (567) MSEK. The delivery volume is higher, while sales prices have fallen. The pulp price hedges, which are included in turnover, gave a positive result in the quarter.
· PROFIT AFTER FINANCIAL ITEMS for the third quarter decreased by 54 % to 49 (106) MSEK. Earnings per share for the quarter decreased by 54 % to SEK 0,25 (0,54).
· NBSK LIST PRICE continued its downward trend during the quarter. Compared with third quarter 2018 the price in USD was 26 % lower in USD and 20 % lower in i SEK.
· THE PRODUCTION VOLUME for the quarter was 100,3 (100,0) thousand tons. The sales volume was 110,8 (92,5) thousand tons, which is a new quarterly record.
· THE AVAILABILITY OF PULP WOOD has been good, while the cost for raw materials and other variable costs have been higher than in 2018.
· CASH FLOW during the year has been strong.Net debt as of September 2019 was 17 MSEK.
· THE BOARD PROPOSES AN EXTRA DIVIDEND of 0,70 SEK/share. An extra general meeting will be held on 4 November 2019.

Rottneros AB (publ) (“Rottneros”) Annual General Meeting will be held on Tuesday, 28 April 2020, in Söderhamn. The Nominating Committee has been appointed.

The shareholders in Rottneros AB (publ), reg. no 556013-5872, with its registered office in Sunne, are hereby invited to the Extraordinary General Meeting on Monday 4 November 2019 2 pm, Lagergrens gata 2, Karlstad. The registration for the extraordinary general meeting will commence at 1.30 pm and will close once the Extraordinary General Meeting is opened. 

Rottneros AB (publ) (“Rottneros”) announced on 16 September that it is, through a written procedure, soliciting approval from holders of its notes (the “Noteholders”) with ISIN SE0010297804 (the “Notes”) to waive the distribution restriction in the terms and conditions of the Notes for the purpose of allowing a potential extra dividend payment of SEK 0.70 per share being approx. SEK 107 million in total to Rottneros’ shareholders.

Rottneros has appointed Peter Sävelin as Mill Director at Vallvik Mill. Peter most recently comes from BillerudKorsnäs, where he held the position as Senior Technology Specialist. He will take office no later than 1 January 2020 and will be part of the Rottneros Group Management Team.

Rottneros announces price hike of 20 USD/ton for all new SW BCTMP orders for Chinese destinations effective from 19th of September 2019.