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آرشیو برچسب های: SEK

Billerud Sees Lower Second Quarter Result than Current Market Expectations

Billerud expects the EBITDA for the 2023 second quarter to be SEK 100-200 million. The lower result is mainly due to significantly lower sales volume and revaluation of finished goods inventory. Billerud also announces a raised ambition for its efficiency program and a changed financial reporting structure.

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Billerud’s Q1 net sales increased by 55%

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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