Rottneros AB (publ) (RROS) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's webcast presentation where we have Rottneros with CEO Lennart Eberle and CFO Monica Pastanen who will present the Q4 report for 2024. If you have any questions please feel free to use the form located to the right and we'll take that up during the Q&A after the presentation. And with that said please go ahead with your presentation. Thank you, Martin. And hello, everybody, to this report call. Happy to have you with us. And we'll start off with the highlights for the fourth quarter. And the underlying EBIT has improved, eliminating one of items to minus 28%. Please bear in mind that we had two maintenance stops in the fourth quarter. Usually, we only have the bigger mill, Valvik, in the fourth quarter and Rottenruths Mill in the third. Last year, both were the same quarter. We had a one-off impact of sales of emissions rights of 76 in the quarter and also refinanced our long-term loans prior to year-end. For the full year, we had an EBIT of 47 million, primarily impacted by the high raw material cost, where we've seen a continued increase for the cost of pulpwood and thermal chips. We have, as you know, been undergoing a big investment program, a new tall oil plant involving an increased TTMP capacity in Rotten-Roos Mill, a solar park and battery storage, as well as some one-off improvements on the maintenance side, totaling to 450 million. And that was also one of the reasons why we had refinanced our long-term loans in the fourth quarter. On the basis of this weak result and also the very unsecure macro environment we are currently in, the board has decided to put forward not to pay a dividend to the AGM, which will be held later on in the springtime. Looking a bit more into the market and what is happening in the pulp market for the la...