Production disruptions impact profit negatively
The difficulties with production availability continued in the fourth quarter 2017 which impacted sales volumes negatively despite a very strong market. Operating profit (EBIT) for full year 2017 is calculated to be approximately MSEK 2 240 which is lower than expected but gives a margin of 10 percent.
It is mainly the production facilities in Gruvön and Gävle that are affected, which impact sales negatively within business areas Consumer Board and Corrugated Solutions.
“Despite historically record high production volumes we are of course not satisfied with the recurring production disruptions in our facilities. Therefore, we now intensify our action plan to increase the stability and availability in our production. To ensure the operational stability will be my main focus going forward. We have strengthen the organisation that work proactively with both availability and quality at our facilities which will generate result going forward, says Petra Einarsson, President and CEO BillerudKorsnäs”.
The results are still preliminary and have not been reviewed by the auditors
For further information, please contact:
Susanne Lithander, CFO, +46 8 553 335 00
Christopher Casselblad, Investor Relations, +46 8 553 335 08
This information constituted inside information before publication. This is information that BillerudKorsnäs AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14:30 CET on January
16th 2018
BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 22 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com