BillerudKorsnäs decreased EBITDA margin to 15.4% in 2Q2017

BillerudKorsnäs, a leading manufacturers of packaging paper, reported stable EBITDA amid 3% increase of net sales in 2Q2017 y-o-y. According to the announcement, the company’s net sales accounted for SEK 5,600 million (around USD 672 million), generating EBITDA of SEK 863 million in the period (15.4% margin).

In 1H2017 the company’s net sales increased by 4.1% to SEK 11,236 million generating SEK 1,786 million EBITDA (15.9% margin).

Per Lindberg, BillerudKorsnäs’ CEO, commented:

“The market for sustainable packaging materials and solutions remains very encouraging. We delivered a stable result in the second quarter, despite the pressure from costs of external factors and the major disruption at Gruvön, which was communicated in May.
Looking ahead, we see that the path we have chosen is the right one. Markets are performing strongly over the short term, and in the long term the trend points to companies being ambitious in their sustainability efforts both in their business operations and their products. The prospects for growth are good.”

In 1Q2017 BillerudKorsnäs increased EBITDA margin to 16.4%.

Check other wood business-related companies 2Q2017 schedules for financial and operating results.

Earlier BillerudKorsnäs’s President and CEO leaves the company.

About BillerudKorsnäs:

The company is one of the leading manufacturers of packaging paper made from virgin fibers. It is headquartered in Solna, Sweden and emerged in 2012 from the merger of Billerud and Korsnäs and Voith Paper is a division of the Voith Group.

Source: Woodbizforum