Billerud Korsnas Half-Year Report 2023

  • Low volumes due to continued customer inventory destocking and soft end market demand
  • Stable sales prices in North America, price deterioration in Europe in some categories from record 2022 levels
  •  Lower input costs did not offset price deterioration
  • Escanaba mill resumed operations on May 8th after three weeks idling for deep cleaning due to blastomycosis outbreak
  • Revaluation of inventory impacted EBITDA
  • Positive cash flow for the quarter with tight control on inventories
  • Raised ambition of efficiency enhancement program to SEK 600 million

Sales and results
Net sales for the second quarter decreased by 13% to SEK 9,953 million (11,408). Net sales excluding currency effects declined by 18%, mainly due to lower sales volumes. The Group’s total sales volumes in the quarter was 831 ktons (995), negatively impacted by low demand and inventory adjustments by customers, which resulted in further production curtailments.

Free Trial

Step 1 of 2

Name(Required)

By pressing “Send” you agree to the Privacy Policy of this site

No Credit Card needed, after filling up the form you will receive your Free-Trial login information in 24 to 48 hours by e-mail.

ImprintPrivacy Policy

All Rights Reserved © aicorite.com