Billerud announces lower second quarter result than current market expectations, accelerated delivery of efficiency program and a new financial reporting structure
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.Market conditions remain weak with low demand and slower than expected customer destocking. There are mainly two reasons behind the lower result for the second quarter:- Significantly lower sales volumes due to lower demand resulting in even further production curtailments. The