Norske Skogindustrier ASA reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2017. For the quarter, the company reported operating revenue of NOK 2,693 million compared to NOK 2,980 million for the same period last year. Operating earnings were NOK 2 million compared to NOK 40 million for the same period last year. Loss before income taxes was NOK 263 million compared to profit of NOK 7 million for the same period last year. Loss for the period was NOK 274 million compared to profit of NOK 11 million for the same period last year. Loss for the period attributable to owners of the parent was NOK 274 million or NOK 0.99 per basic and diluted share compared to profit of NOK 11 million or NOK 0.06 per basic and diluted share for the same period last year. Net cash flow from operating activities was NOK 88 million compared to NOK 185 million for the same period last year. Purchases of property, plant and equipment and intangible assets was NOK 61 million compared to NOK 48 million for the same period last year.

For the quarter, the company reported production of 625,000 tonnes compared to 638,000 tonnes for the same period last year. The company reported deliveries of 595,000 tonnes compared to 625,000 tonnes for the same period last year.

For the year 2017, Group sales volumes are expected to be on level with last year in 2017.