Annual Report 2011

2011 started very positively with high demand and good prices, before being drawn into the general uncertainty and economic pessimism that prevailed towards the end of 2011. Net sales increased by 6% compared to 2010, operating margin was 10% and return on equity was 14%. Billerud had a strong financial position and was at the end of 2011 debt-free.

Last updated: 2012-05-22