NCR comments: Södra Skogsägarna ekonomisk förening Q4 2021 report
Exceptional pulp and sawn wood prices drive stellar earnings.
Corporate
Four issuer ratings affirmed; removed from criteria review
No rating changes under new support methodology.
NCR comments: Møller Mobility Group AS T3 2021 report
Full-year 2021 earnings sharply higher despite decline in market share in Norway.
Nordic Credit Rating publishes its final methodology for group and government support
Affected ratings placed under criteria review.
NCR comments: Lerøy Seafood Group ASA Q4 2021 report
High salmon volumes and prices drive strong full-year earnings.
NCR comments: Kongsberg Gruppen ASA Q4 2021 report
Solid order intake, higher than expected cash flow.
Jotun A/S
Jotun is among the world's largest manufacturers of paints and coating products. The company has a global presence in more than 100 countries, notably in East Asia, the Middle East, and Scandinavia. With a diverse production model headquartered in Norway, it is known for its decorative paints, protective marine coatings, and powder coatings. Jotun is committed to an organic growth strategy, aiming to explore new global markets. Orkla ASA is currently the largest shareholder.
NCR comments: Sustainability-linked hybrid bonds
Treatment of step-up features can differ from that of regular hybrids.
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NCR comments: SalMar ASA Q3 2021 report
Higher costs are offset by increased volume.
NCR comments: Lerøy Seafood Group ASA Q3 2021 report
Early harvesting drives lower prices and higher costs.