Norbord: Adjusted EBITDA halved in Europe

Much stronger decline in earnings from North American activities

Falling prices and lower sales volumes meant that Norbord Inc., based in Toronto, Ontario, saw its adjusted EBITDA from European activities cut roughly in half to US$11m in the third quarter of 2019 when compared with the second quarter (US$21m) and the same period in 2018 (US$23m). By way of explanation, the company ...

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