Financial statement January-December 2005

2006-02-08 13:00

________________________________________________

Quarter Full year
2005 2005 2004
IV III IV 2005 2004

Net 1 742 1 638 1 753 6 823 7 159
turnover,
MSEK

Operating 81 -367 161 -200 781
profit,
MSEK

Operating 5 -22 9 -3 11
margin, %

Profit 60 -390 146 -278 707
after
financial
items, MSEK

Net profit, 61 -281 107 -183 509
MSEK

Earnings 1.19 -5.47 2.07 -3.56 9.66
per share,
SEK

Full year 2005 compared with 2004
• Net turnover amounted to MSEK 6,823 (7,159).
• Net loss was MSEK 183 (+509).
• Earnings per share were SEK -3.56 (+9.66).
• Operating loss was MSEK 200 (+781). The deterioration was mainly due to one-off costs of MSEK 400 for organisational changes, negative changed exchange rates, and higher costs for wood, chemicals and energy.
• Operating profit excluding one-off costs was MSEK 200, or MSEK 50 higher than the forecast given in the previous interim report published in November. Lower fixed costs are the main reason for the deviation. Operating profit was hit by a negative effect of currency hedging amounting to MSEK 183.

Final quarter of 2005
• Cost-cutting projects focused on energy and organisation continue according to plan.
• Price rises achieved for most products.

Dividend proposal
• The Board proposes a dividend of SEK 3.25 per share for 2005.

Outlook for 2006
• As a consequence of Billerud’s present financial position and ongoing discussions regarding future strategy, the Board of Directors will review Billerud’s financial goals during 2006.
• Market situation good. Completed price increases will have an effect during the first quarter.

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.

The full report
Last updated: 2012-06-01