Billerud korsnäs Full-Year Report 2023

• Weak volumes in North America and negative price and mix impact in both regions
• Sequentially lower input costs, mainly related to pulpwood in Europe
• Another strong delivery of our efficiency enhancement program
• Excellent cash delivery through working capital focus
• Negative profit impact from revaluation of biological assets in the associated company BSO
• The Board of Directors proposes a dividend of SEK 2.00 per share (7.50)

Highlights

• • Net sales decreased by 20% to SEK 9,566 million (11,971)
  • Adjusted EBITDA* SEK 774 million (2,092)
  • Adjusted EBITDA margin 8% (17)
  • Operating loss SEK 191 million (profit: 1,353) including items affecting comparability of SEK -244 million (-52)
  • Net loss SEK 330 million (profit: 940)
  • Earnings per share SEK -1.33 (3.79)