Interim report January-September 2005
January-September Quarter 2005 2005 2004 III II III 2005 2004 Net 1 638 1 704 1 822 5 081 5 406 turnover,MSEK Operating -367 20 270 -281 620 profit,MSEK Operating -22 1 15 -6 11 margin, % Profit -390 3 252 -338 561 after financial items, MSEK Net profit, -281 2 182 -244 402 MSEK Earnings -5.47 0.04 3.46 -4.75 7.58 per share,SEK 1 January – 30 September 2005 compared with the same period in 2004 · Net turnover amounted to MSEK 5,081 (5,406). · Net loss was MSEK 244 (402). · Earnings per share were SEK -4.75 (+7.58). · The order situation for Billerud’s packaging paper continued to improve. · Operating loss was MSEK 281 (+620). The deterioration was mainly due to one-off costs of MSEK 400 for organisational changes, changed exchange rates, higher costs for wood, chemicals and energy. · The projects aimed at cutting costs both within the energy field and within the organisation are proceeding according to plan. New President · Per Lindberg took over as President on 1 August 2005. Outlook for full year 2005 · Continued high cost levels for intermediate goods throughout the remainder of the year. · Higher prices announced for many products. · The operating profit for the full year is expected to reach MSEK 150 before one-off costs for organisational changes amounting to MSEK 400. 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, 9 November. 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 efficient 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.