Financial Statement January-December 2007

2008-02-08 08:00

Submitted for publication at 8 a.m. on 8 February 2008

Quarter Full year
2007 2007 2006
IV III IV 2007 2006

Net 2 068 1 874 1 867 7 758 7 369
turnover,
MSEK

Operating 243 153 176 590 552
profit/
loss, MSEK

Operating 12 8 9 8 7
margin, %

Profit/loss 209 122 150 473 457
after
financial
items, MSEK

Net profit/ 153 85 90 336 312
loss, MSEK

Earnings 2.96 1.65 1.75 6.52 6.08
per share,
SEK


Full year 2007 compared with full year 2006
• Net turnover was MSEK 7,758 (7,369), up 5%.
• Net profit was MSEK 336 (312).
• Earnings per share were SEK 6.52 (6.08).
• Operating profit was MSEK 590 (552), up MSEK 38, or 7%.
• The operating margin was 8% (7). The improved margin was mainly due to price rises and mix improvements which compensated the increase in wood costs of MSEK 425.

Final quarter of 2007
• Net turnover was MSEK 2,068, up 11% on the final quarter of 2006, of which 10% was due to better prices and the customer mix.
• Operating profit was MSEK 243, an increase of MSEK 67, or 38%, compared with the final quarter of 2006.
• Demand remained stable and prices developed positively.
• Wood costs per produced unit fell slightly compared with the third quarter.

Proposed dividend
• The Board proposes a dividend of SEK 3.50 (3.50) per share for 2007.

Outlook for 2008
• The market outlook for the first part of the year is expected to remain stable, with supply and demand well balanced on most of Billerud’s markets, although some of the smaller segments in the kraft paper sector are slowing down.
• Good prospects for continued positive price development in most parts of Billerud’s markets.
• Wood costs per tonne of produced product in the first quarter of 2008 are expected to be at around the same level as in the second half of 2007.
• Work continues on improving efficiency and reducing costs.

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
Bertil Carlsén, CFO, +46 8 553 335 00 or +46 730 211 092

Billerud’s President Per Lindberg and CFO Bertil Carlsén will present the Financial Statement live at a press conference for analysts and journalists today at 10 a.m. Location: Spårvagnshallarna, Birger Jarlsgatan 57 A, Stockholm. Watch the press conference at www.billerud.se

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: info@billerud.com
Internet website: http://www.billerud.com

Billerud is a packaging paper company with a business concept to supply customers with innovative and high quality 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.

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Last updated: 2012-06-01