Interim report January-September 2006

Quarter January-September
2006 2006 2005
III II III 2006 2005

Net 1 878 1 839 1 638 5 502 5 081
turnover,
MSEK

Operating 205 107 -367 376 -281
profit/
loss, MSEK

Operating 11 6 -22 7 -6
margin, %

Profit/loss 179 85 -390 307 -338
after
financial
items, MSEK

Net profit/ 129 61 -281 222 -244
loss, MSEK

Earnings 2.52 1.18 -5.47 4.33 -4.75
per share,
SEK



1 January to 30 September 2006 compared with same period in 2005
· Net turnover reached MSEK 5,502 (5,081).

· Net profit was MSEK 222 (-244).

· Earnings per share were SEK 4.33 (-4.75).

· Improved order situation for Billerud’s packaging continues.

· Operating profit soared to MSEK 376 (-281), a rise of MSEK 657.

· Adjusted for last year’s one-off costs, the profit rise was MSEK 257.
The improvement was mainly due to higher prices including the effect of
currency hedging and lower fixed costs resulting from the Billerud 2007
savings project.

· Positive results for market pulp during the third quarter.


Outlook for full year 2006
· Increased self-sufficiency in electricity, lower fixed costs and
higher prices have brought gradual improvements in profitability during
the year.

· Higher prices for electricity, wood and chemicals will however
continue to press earnings and further price increases are needed to
maintain the established level of profitability.

· The assessment of the order situation remains positive.


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 PresidentPer Lindbergand CFO Bertil Carlsén will present the
interim report live at a press conference today, Wednesday 15 November,
at 3 p.m. Location: Stallet, Stallgatan 7, Stockholm. View the press
conference live atwww.billerud.com


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. The company’s business concept is to supply customers with efficient packaging paper. Billerud has a world-leading position within several product segments. Food packaging accounts for more than 50 per cent of sales. Billerud’s customers are mainly European. Production takes place at three integrated pulp and paper mills in Sweden and at one paper mill in the UK. Billerud’s mills are among the most cost-efficient in Europe within their segments.