Norske Skog’s EBITDA in the first quarter of 2022 was NOK 610 million, an increase from NOK 422 million in the fourth quarter of 2021. Sales prices for all grades increased in the quarter as a consequence of unprecedented high energy costs in Europe and a tightened publication paper market situation. The European mills operated at full capacity during the quarter. The pellets facility Nature’s Flame was sold at a gain of NOK 175 million in the quarter. Cash flow from operations was NOK 196 million in the quarter compared to NOK 317 million in the previous quarter, positively impacted by the improved operating margins, but negatively impacted by change in working capital, being mainly an increase in trade and other receivables. Operating earnings in the first quarter of 2022 were NOK 593 million compared to operating earnings in the fourth quarter of 2021 of NOK 479 million. Net profit in the quarter was NOK 583 million compared to a net profit of NOK 400 million in the previous quarter. Net interest-bearing debt was NOK 924 million at the end of the first quarter, with an equity ratio of 37%.

ND Paper proudly presents Pennacook Offset, an uncoated printing paper that blends modern papermaking technology with the deep-rooted history of Rumford, Maine. Produced at our Rumford mill, this offset sheet is engineered for optimal pressroom performance, offering excellent printability, and consistent quality. With the recent installation of a new size press on R15, along with strategic mill-wide upgrades, ND Paper is investing in the future of quality, efficiency, and sustainability. These enhancements allow us to deliver even greater surface uniformity, improved print quality, and better ink holdout—ensuring that Pennacook Offset not only honors tradition, but also meets the demands of today’s print market.

According to the report, total printing-writing paper shipments decreased 25 percent in June compared to June 2019. U.S. purchases of total printing-writing papers decreased 25 percent in June compared to the same month last year. Total printing-writing paper inventory levels decreased six percent when compared to May 2020. U.S. purchases of uncoated free sheet (UFS) papers in June decreased 28 percent compared to last June while the inventory level decreased eight percent compared to May 2020. UFS imports and exports both decreased compared to May 2019, down 26 percent and 44 percent respectively. Coated free sheet (CFS) paper shipments decreased 13 percent compared to June 2019 while the inventory level decreased two percent compared to May 2020. CFS imports increased two percent while exports decreased 42 percent in May 2020. click read more for additional statistics