Billerud reports improved operating profit in the first quarter despite continued difficult market situation
Today Billerud presented the results for January – March 2009. Net turnover increased by 11% compared to the fourth quarter 2008 and operating loss decreased by MSEK 128, from MSEK -165 to MSEK -37. An improved order situation increased delivered volumes by 12% compared to the fourth quarter 2008.Billerud’s CEO Per Lindberg comments:“The operating loss for the first quarter was MSEK -37, which was an improvement on the loss of the fourth quarter of 2008, which was MSEK-165. Despite making a loss and the continued difficult market situation with major uncertainty about the future, we were