Norbord announces great results for Q1/2018, due to strong OSB demand from North America and Europe
With strong OSB demand in both North America and Europe, Norbord continues to deliver robust results in the first three months of 2018 (1Q-2018). Sales reached USD 576 million in the 1Q-2018 an increase of 23.3% compared to USD 467 million in the 1Q-2017. Norbord reported Adjusted EBITDA of USD 170 million for the first quarter of 2018 versus USD 103 million in the first quarter of 2017. The improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes, as well as higher European panel prices ...
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