BillerudKorsnäs reports on weak results

BillerudKorsnäs has reported that its difficulties with production availability continued in the fourth quarter 2017 which impacted on its sales volumes negatively, despite a very strong market. Operating profit (EBIT) for full year 2017 has been confirmed as being approximately MSEK 2,240 which is lower than expected, but still represents 10%. The company says that it is mainly the production facilities in Gruvön and Gävle that have been affected, which impact sales negatively within the 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,” said Petra Einarsson, President and CEO BillerudKorsnäs.

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