Company Profile For Norske Skogindustrier ASA

Norske Skogindustrier ASA is a Norway-based producer of newsprint and magazine paper. Its product range includes six categories. Norcote comprises lightweight coated (LWC) paper for magazines, catalogues, supplements, direct mail and inserts/flyers under the Norcote brand. Directory paper includes lightweight paper for telephone directories and catalogues under the BioBio Directory and Tasman Directory brands. Norsc is a brand of super calandered (SC) paper for magazines, catalogues, inserts/flyers, direct mail and supplements. Norbright, Norstar and NorX are brand names of paper grades for cold set and heat set Web offset printing for supplements, inserts/flyers, direct mail, newspapers, freesheets, directories, magazines and books. Norset is a brand of machine finished coated (MFC) paper for magazines, catalogues, supplements, inserts/flyers, direct mail and books. Nornews is a newsprint paper brand for newspapers, free-sheets, directories, supplements and insert/flyers.

BRIEF: For the nine months ended 30 September 2009, Norske Skogindustrier ASA's revenue decreased 19% to NOK15.45B. Net loss for the period increased 29% to NOK1.88B. Revenue reflects decreased sales in the Newsprint segments in Europe, Asia and South America. Higher net loss for the period reflects a loss from other gains and losses as well as a higher depreciation charges. Higher net loss also reflects increased restructuring charges.