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Rottneros AB ( (SE:RROS) ) has shared an announcement.
Rottneros AB has announced a write-down of 140 MSEK on the fixed assets of its Rottneros Mill due to the inability to fully utilize its capacity amid a weak market for mechanical pulp CTMP. This decision is part of a broader strategy to reduce personnel and decrease the Group’s cost base by 35-40 MSEK annually, with full effects expected by autumn 2025. The impairment will affect the company’s second-quarter results, highlighting the challenges faced by Rottneros in adapting to current market conditions.
More about Rottneros AB
Rottneros is an independent producer of market pulp, consisting of the parent company Rottneros AB, listed on Nasdaq Stockholm, with subsidiaries involved in the production and sale of market pulp. The Group also includes Rottneros Packaging AB, which manufactures fiber trays, and other subsidiaries involved in raw material procurement and forest operations. The company has approximately 285 employees and generates sales of around SEK 2.7 billion.
Average Trading Volume: 362,273
Current Market Cap: SEK724.9M
Find detailed analytics on RROS stock on TipRanks’ Stock Analysis page.