Interim report January–June 2023
Navigating challenging market conditions Key highlights Q2 · Low volumes due to continued customer inventory destocking and soft end market demand · Stable sales prices in North America, price deterioration in Europe in some categories from record 2022 levels · Lower input costs did not offset price deterioration · Escanaba mill resumed operations on May 8th after three weeks idling for deep cleaning due to blastomycosis outbreak · Revaluation of inventory impacted EBITDA · Positive cash flow for the quarter with tight control on inventories · Raised ambition of