Billerud reports sequentially improved profitability and strong cash conversion
Net sales decreased to SEK 9,834 million, adjusted EBITDA margin 7%, with strong North America sales growth and cost savings on track.
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High-performing paper and packaging materials provider
billerud.comLast updated
In short: Billerud faced a challenging European market while achieving strong growth in North America and implementing major cost-saving programs.
Net sales decreased to SEK 9,834 million, adjusted EBITDA margin 7%, with strong North America sales growth and cost savings on track.
The meeting approved a dividend of SEK 2.00 per share and re-elected board members, including electing Bernd Eikens as new member.
Net sales fell 11% to SEK 9,825 million. EBITDA margin dropped to 5%. North America performed strongly; Europe faced challenges. Cost-saving program delivered SEK 100 million impact.
The meeting occurs on 26 May in Stockholm, with postal voting option. Agenda covers reports, dividend of SEK 2.00 per share, board elections, and share programs.
The Stockholm Stock Exchange closed in an irregular trend on Friday, as the reporting season peaked with a large number of heavyweights on stage.
Billerud's CEO Ivar Vatne comments on the company's quarterly report and outlook.
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Q1 earnings setback puts Billerud’s recent share performance in focus Billerud (OM:BILL) has drawn i...
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