Nordic Fibreboard
Annual Financial Report

Audited Annual Report 2013

Pärnu, 2014-04-30 15:20 CEST -- Audited Annual Report 2013

The Supervisory Board of Skano Group AS approved on the 30^th of April 2014 the annual report and proposal for covering of loss for the year 2013 of Skano Group AS.

In 2013, the revenue of Skano Group AS totalled 19.2 million euros and in 2012, 19.1 million euros. In 2013, the net loss from operating activities totalled -0.7 million euros as compared to the net loss of -0.2 million euros in 2012. In 2013, the net loss per share of Skano Group AS was -0.16 euros and in 2012 it was -0.04 euros. Sales increased by 0.5% in 2013 compared to 2012, the consolidated operating loss was -467 thousand euros (2012: the operating profit was 74 thousand euros) and the gross margin was 15.5% (2012: 15.9%).

In 2013, EBITDA of the Group amounted to 0.4 million euros (2012: 1.0 million euros). The consolidated net loss was -0.7 million euros as compared to the net loss of -0.2 million euros in 2012 and the net margin was -3.7% (as compared to -1.1% in 2012).

Proposal for covering of loss: to cover the loss with retained earnings.

The audited Annual Report 2013 of Skano Group AS is also available on company’s web page http://www.skano.com

         Martin Kalle
         CEO
         +372 447 8331
         martin.kalle@skano.com
         http://www.skano.com