Norske Skog Reports Improved Quarterly Financials Amid Market Challenges

Norske Skog disclosed a slightly increased operating income of NOK 2,403 million in Q3 2025, up from NOK 2,389 million in the previous quarter. Despite a decrease in EBITDA to NOK 38 million from NOK 106 million, the group managed to maintain profitability influenced by lower publication and packaging paper prices and reduced fiber and energy costs. Pre-tax profit rose to NOK 120 million from NOK 49 million, with total assets slightly declining, and equity increasing to NOK 5,997 million. The company launched transformative initiatives, including the full takeover of the Golbey PM1 containerboard mill, marking a milestone in shifting from publication to packaging paper. The firm continues with cost-cutting measures and investments to optimize operational efficiency amid ongoing market uncertainties. Full utilization of Golbey PM1 is targeted by mid-2027, supported by ongoing investments and energy grants.