Paper Arabia, the very first comprehensive exhibition for paper industry in the Middle East and North Africa (MENA) region is making a strong come back this May 2023, in the backdrop of the growth context and robust prospects for the industry across the globe, and particularly the region.
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Billerud’s net sales for the Q1 2023 grew by 55% to SEK 11,495 million ($1.1 billion), compared to SEK 7,397 million ($721 million) in Q1 2022. Net sales excluding currency effects increased by 51%, mainly due to the acquisition of Verso, which was completed on 31 March 2022. Billerud North America (former Verso) had net sales of SEK 3,311 million ($332 million) and sales volumes of 235 ktonnes. The total sales volume for the Group in the Q1 was 943 ktonnes, negatively impacted by a softer demand and inventory adjustments by customers. The organic and currency neutral net sales growth for the Group was 6%.
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