date:Feb 08, 2013
0% ofour volume will be originating in Europe combined with highexposure to spot prices.
While the price upturn began toward the end of December, itwasnt enough to rescue the quarter for the company, which showedan operational EBIT of NOK 64 million ($11.6 million, EUR 8.6million), down from NOK 403 million ($73.3 million, EUR 54.3million) a year earlier. Seasonal working capital build up in thefourth quarter led to increased negative cash flow fromoperations of NOK -169 million ($-30.8 million