AMF Pension and Swedbank Robur each bought close to 10 percent of the shares when the more than one hundred years old firm Nordic Paper was listed at the Stockholm Stock Exchange in October. On October 28, just four trading days later, the specialized Swedish paper manufacturer presented a Q3 report which was worse than expected from many investors, reports the Swedish news site Realtid.se.
In Q3, net sales decreased by 19 percent to SEK 639m. Operating profit went from SEK 129m to minus SEK 40m, slashing the operating margin to minus 6.3 percent, down from 16.3 percent.
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