Financial statement January-December 2004

2005-01-27 12:43

Quarter Full year
2004 2004 2003
IV III IV 2004 2003

Net 1 753 1 822 1 689 7 159 6 992
turnover,
MSEK
Operating 131 269 255 786 1 118
profit,
MSEK
Operating 8 15 15 11 16
margin, %
Profit 116 251 238 712 1 042
after
financial
items, MSEK
Net profit, 85 181 172 514 748
MSEK
Earnings 1.65 3.46 3.10 9.75 13.13
per share,
SEK


· The operating profit for the full year 2004 was MSEK 786, down 30% on
2003, mainly due to unfavourable exchange rates.
· Compared with the third quarter of 2004, the operating profit in the
final quarter fell 51% to MSEK 131, mainly due to unfavourable exchange
rates.
· The return on capital employed in 2004 reached 17%, compared with 24%
in 2003. Excluding the effects of currency hedging the return was 11%.
· The operating cash flow during the year was MSEK 655 (992) and MSEK
55 during the final quarter.
· Deliveries amounted to 1,371,000 tonnes, up 6% on last year.
· The Board proposes a dividend of SEK 6.50 per share, the same as in
2003. The Board will also request authorisation to continue buying back
the company’s shares.
· The outlook for 2005 points to unchanged deliveries and higher pulp
prices. Because of a recent storm in Sweden, wood prices are difficult
to predict. Other costs are expected to remain unchanged. Changed
exchange rates are expected to have a negative impact of MSEK 300 on
results.

For further information in connection with this report, please contact:
Bert Östlund, President and CEO, +46 8 553 335 00
and Nils Lindholm, CFO, +46 8 553 335 00 or +47 70 217 5225

Billerud’s CEO Bert Östlund will present the Financial Statement at a
press conference today at 4 p.m. Location: Spårvagnshallarna, Birger
Jarlsgatan 57 A, Stockholm.

The press conference will also be transmitted at www.billerud.com

The full report
Last updated: 2012-06-01