Interim report January-June 2005

2005-08-03 12:00

Quarter
2005 2005 2004 January-June
II I II 2005 2004
Net turnover, MSEK 1 704 1 739 1 764 3 443 3 584
Operating profit,MSEK 20 66 95 86 350
Operating margin, % 1 4 5 2 10
Profit after 3 49 74 52 309
financial items, MSEK
Net profit, MSEK 2 35 51 37 220
Earnings per share,SEK 0.04 0.68 0.99 0.72 4.13

2005 compared with the same period in 2004

· Net turnover amounted to MSEK 3,443 (3,584).
· Net profit was MSEK 37 (220).
· Earnings per share were SEK 0.72 (4.13).
· Improved order situation for Billerud’s packaging paper. Falling prices for market pulp.
· Operating profit was MSEK 86 (350). The decrease was mainly due to changed exchange rates, higher wood costs and one-off costs of MSEK 45.
· Operating profit excluding profit from currency hedging was MSEK 146 (212).

New President and CEO

· Per Lindberg took over as President and CEO on 1 August.

Outlook for full year 2005

· Significant cost increases for wood raw materials, chemicals and energy.
· In current market conditions, the assessment for the full year is an operating profit of around MSEK 150, before one-off items of MSEK 400 for implementation of organisational changes.
· Lower pulp prices and the faster implementation of the restructuring programme have led to the downward revision of the forecast.


For further information in connection with this report, please contact:
Per Lindberg, President and CEO, +46 8 553 335 00 or +46 70 248 15 17 and Nils Lindholm, CFO, +46 8 553 335 00 or +47 70 217 5225

Billerud’s President Per Lindberg will present the interim report live at a press conference at 3 p.m. today. Location: Spårvagnshallarna, Birger Jarlsgatan 57 A, Stockholm.

Billerud AB (publ)
Box 703, SE-169 27 Solna, Sweden
Corporate Identity Number 556025-5001
Tel +46 8 553 335 00 Fax +46 8 553 335 80 E-mail: ir@billerud.com
Internet website: http://www.billerud.com

Billerud is a packaging paper company with a business concept to supply customers with innovative packaging paper. A consistent concentration on attractive market segments and a strong customer focus are cornerstones of Billerud’s strategy. Billerud focuses on kraft paper and containerboard and has a world-leading position within several product segments. The company’s production units are among the most cost-efficient in Europe for these products.

The full report
Last updated: 2012-06-01