NWR released its 3Q13 results - slightly positive

* Coal segment only (excluding OKK operations)
** Reuters poll cons. (12 analysts) excluding OKK operations i.e. reflects continued operations only;
Conference call: 6th November at 11:00 (CET)

The company has delivered futher 25 mln. EUR of its 100 mln. EUR cash-savings plan. Cash-enhancing measures amounting to 85 mln. EUR after 9M13 out of the 100 mln. EUR full-year goal. Net decrease in cash in 3Q13 was -18,6 mln. EUR.

NWR expect expect coal production and sales of around 9Mt and 9.5Mt, respectively, with such coal sales equally split between coking and thermal coal, which is just a more accurate specification of previous targets.

We see results as SLIGHTLY POSITIVE and we expect the share may get back some of its yesterdays‘ fall (-7,5 %).