June: Pulp shipments +5% y-o-y

Sales 1% below on lower load

Group sales NOK 4.76bn, 1% below us. We reiterate that Q3 EBIT est looks +10% too high

Soft volumes, nappy rash, Suzano stirs the pot

Clean EBITA -5%, volumes weak

Cabin crew, prepare for dividend

EBIT 2% better and divi

Clean EBIT 2% higher on slihtly higher sales. Divi, "robust" demand, cost guidance down primarily on sales gain

Q2e looks fine - up to HOLD

June 5% better

Group sales NOK 3.9bn, +4.9% vs us and cons on better yield/ load

May: Pulp shipments -1.7% y-o-y

More value than momentum, except for wood

Q2 preview

Improvement, but likely falling short

Suzano forms tissue JV with Kimberly

May as expeced

Group sales NOK 3.1bn, spot on us and cons (NAS 0.1% better, Widerøe 2% below)

Apr: Pulp shipments +2% y-o-y

Expectations running too hot

Essity Aktiebolag (publ): 1 director

A director at Essity Aktiebolag (publ) maiden bought 75,000 shares at 274.160SEK and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...

Mar: Pulp shipments +7% y-o-y

Great deal - bond buyback

NAS calls the convertible bond and contemplates a 50% buyback. Pos: Reduced share overhang + nr of shares down ~7%.

Norwegian Air Shuttle (Buy, TP: NOK16.00) - Positive 2025 outlook

While underlying Q1 results were weaker than we expected, we still see a positive outlook for 2025, with solid bookings, a narrowed CASK guidance supported by a NOK1bn profit improvement programme by 2026, FX, and fuel tailwinds. We reiterate our BUY, but have cut our target price to NOK16 (17) on estimate reductions.