1. Norway Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
Norske Skog ASA

Norske Skog ASA

38.00
NOK
-4.60
(-10.80%)
1.12EPS
37.52P/E
3.61BMarket Cap
Oct 22Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
70.25
63.97
45.86
47.1
41.32
150.64
147.88
97.31
105.78
154.16
116.64
108.88
111.38
113.76
Basic EPS, GAAP
-9.71
-7.92
-6.07
1.17
-12.73
18.48
24.78
-19.99
-3.9
27.27
5.67
-11.58
4.76
1.13
Free Cash Flow per Basic Share
-2.43
-0.39
-3.8
-0.29
0.46
7.3
2.82
-0.88
-8.92
-1.99
-13.63
-18.55
-8.9
-5.69
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
5.47
- -
- -
0.67
- -
- -
- -
Book Value per Share
11.33
6.69
-1.21
0.66
-5.11
28.67
66.57
39.01
33.24
62.69
72.61
63.46
68.58
68.37
Tangible Book Value per Share
10.54
6.21
-1.67
0.55
-5.19
28.3
66.11
38.34
33.01
62.54
72.47
63.33
68.38
68.19
Basic Weighted Avg Shares
190
190
252
252
279
83
83
94
93
94
85
85
85
85
Sales/Revenue/Turnover
13,339
12,150
11,538
11,849
11,527
12,428
12,200
9,173
9,848
14,537
9,891
9,233
9,445
9,641
Operating Margin (%)
1.01
0.54
-0.1
3.1
1.87
4.61
8.64
1.49
2.16
16.3
5.09
-2.24
-3.71
-0.75
Depreciation Expense
728
735
767
1,920
2,307
446
664
888
411
545
602
518
568
647
Net Income, GAAP
-1,844
-1,504
-1,526
295
-3,551
1,525
2,044
-1,884
-363
2,572
481
-982
404
96
Effective Tax Rate (%)
- -
- -
- -
- -
- -
4.87
6.8
- -
- -
7.42
17.05
- -
- -
- -
Profit Margin (%)
-13.82
-12.38
-13.23
2.49
-30.81
12.27
16.75
-20.54
-3.69
17.69
4.86
-10.64
4.28
1
Working Capital
342
-881
-734
534
-3,807
844
2,637
1,630
1,986
3,262
2,772
851
509
405
LT Debt
6,973
6,592
7,453
6,429
1,348
2,318
1,470
1,613
2,356
3,431
4,536
4,475
4,403
3,932
Total Equity
2,175
1,285
-230
184
-1,426
2,365
5,492
3,218
3,133
5,909
6,160
5,384
5,818
5,800
Return on Invested Capital (%)
- -
- -
- -
- -
- -
17.21
34.47
- -
- -
33.67
7.33
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
43.32
34.01
- -
- -
35.15
6.26
- -
- -
- -
Return on Common Equity (%)
-58.39
-86.94
- -
- -
- -
- -
52.03
-43.26
-11.43
56.89
7.97
-17.01
7.21
1.64

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
974
1,022
1,151
LT Borrowings
4,288
- -
- -
LT Finance Leases
115
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
85
85
85
Market Capitalization
1,439
3,266
3,606

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
4,112
4,231
4,140
Cash, Cash Equivalents & STI
851
653
723
Accounts Receivable, Net
428
1,981
1,733
Inventories
1,371
1,393
1,411
Total Current Liabilities
3,603
3,487
3,735
Payables & Accruals
- -
- -
- -
ST Debt
974
1,022
1,151
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-114.44%
17.14%
8.06%
Free Cash Flow
112.47%
264.32%
-52%
Net Income, GAAP
-314%
-283.17%
-141.14%
Sales/Revenue/Turnover
-0.02%
3.73%
2.3%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,114
2,259
2,373
2,488
9,233
2025
2,430
2,264
2,279
2,473
9,445
2026
2,379
2,510
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-3.87
2.89
-1.66
-8.79
-11.58
2025
4.72
0.95
1.9
-2.77
4.76
2026
3.95
-1.95
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Geir Olav Drangsland
Full Time Employees
1,674
Sector
Process industries
Industry
Pulp & paper
Address
Sjølyst plass 2 Oslo PS Norway 0278
IPO Date
Oct 18, 2019
Website
norskeskog.com
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Business
Norske Skog ASA Norske Skog ASA produces publication paper, packaging paper, energy, and bio products from mills in Europe and Australasia; publication paper includes newsprint, magazine paper, and directory paper under the NOR brand, while packaging paper comprises recycled containerboard grades such as test liner and fluting under the STRATO brand, and bio products feature nanocellulose like CEBINA and bio-composites like CEBICO. The company operates four mills in Europe, including sites in Norway, Austria, and France, plus one in Australasia, with total paper production capacity of approximately 2 million tonnes and around 2,100 employees across four countries. Founded in 1962 and headquartered at Sjølyst plass 2 in Oslo, Norway, Norske Skog ASA serves customers primarily in European markets with sustainable, low-cost paper solutions based on certified fibers and renewable energy. Recent developments include the EUR 400 million conversion of the Golbey mill in France to recycled containerboard production, adding 550,000 tonnes of capacity and marking the largest investment in company history, bringing total containerboard output to 760,000 tonnes following the earlier Bruck mill project; the planned Q2 2026 launch of NOR Book paper at the Skogn mill with over 140,000 tonnes capacity via a NOK 40 million investment for production flexibility; transition to thermomechanical pulp at Skogn by May 2024 to cut emissions; and the divestiture of Norske Skog Boyer in Australasia to Boyer Capital Pty Ltd, expected to close in Q1 2025.