Norske Skogindustrier ASA announced earnings results for the third quarter of 2017. For the quarter, the company reported operating earnings decreased from NOK 190 million in the second quarter of 2017 to around NOK 140 million. The gross operating earnings for the third quarter of 2017 is in line with the guiding of approximately NOK 710 million in gross operating
earnings for the full year 2017, but somewhat impacted by the challenging Group financial situation with a high focus on liquidity.

The company provided earnings results guidance for the year 2017, 2018 and 2019. For the year 2017, the company expects operating revenues were projected at NOK 12.0 billion for each of 2017, 2018 and 2019. Gross operating earnings were projected at NOK 710 million for 2017 and at around NOK 850 million for each of 2018 and 2019. Capital expenditures /investing cash flows were projected at NOK 300-350 million for 2017, and just below NOK 200 million for each of 2018 and 2019 due to an assumption of no funding available for development investments. Free cash flow available for debt service was projected at just below NOK 400 million for 2017 and at around NOK 550 million for each of 2018 and 2019.