Rottneros' Board of Directors proposes a dividend at an Extraordinary General Meeting
The upswing in the global pulp market began at the end of 2020. In 2021, demand has been strong and list prices have reached record levels. This has meant a good business development for Rottneros, which during the second quarter of 2021 was able to report a stable result of 97 MSEK EBIT and a cash flow from operating activities of 81 MSEK.
In July 2021, Rottneros entered into a new financing agreement. The bond loan, which amounted to 400 MSEK, was replaced with bank financing in the form of a long-term loan of 150 MSEK and a revolving credit facility of up to 100 MSEK. At the same time, the new financing provides the opportunity for a retroactive dividend for the years 2019 and 2020.
Rottneros has a solid financial position. As of 31 July 2021, the company's equity ratio was 66% and available liquidity was just over 400 MSEK. The proposed dividend of 0,45 SEK per share corresponds to a payment of 69 MSEK.
Rottneros' board will next week convene an extraordinary general meeting where further information on the day of the general meeting, record date, voting procedure and other information will appear.
For further information please contact:
Per Lundeen, Chairman of the Board, Rottneros AB, +46 (0) 70 518 3347, email@example.com
This is information that Rottneros is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at 13.00 (CEST) on 26 August 2021.