Pulp-Paperworld.com / European News

CEO Per Lindberg comments on the development during Q2 2014:

billkorlogo“We deliver a strong and stable result for the second quarter. Our adjusted operating profit reached SEK 467 million and our operating margin was 9%. Overall, I am pleased with our financial performance. The market place has been quite good with solid demand and stable prices within all business areas. Business area Packaging Paper has managed to keep the prices stable during the quarter in spite of increased capacity on the market, and has increased prices on new orders within the sack segments thanks to a seasonally strong demand. Within business area Consumer Board we have launched the next generation of Cartonboard products on the market, which has been very well received by customers. Business area Containerboard has delivered a stable result for the second quarter but is beginning to feel a real pressure from the increased capacity on the market.

We continue with our ambition “Challenging conventional packaging for a sustainable future” with the aim of increasing the level of innovation and leadership. During the quarter we have received confirmation in several areas that we are right on target with our mission. Several countries are putting regulations in place for reducing the use of plastics in packaging. We offer sustainable alternatives to several plastic applications, and sustainability is our top priority. We have received recognition from both EcoVadis and "oekom research", meaning that the company is acknowledged for its sustainability work. During the quarter, we have also made a decision to further improve the environmental profile of the company through a major investment in Gävle. Following our ambition to increase innovation and product leadership, we have during the quarter decided to invest in next generation fluting at Gruvön, enhancing both product performance as well as machine capacity. On the more innovative side, BillerudKorsnäs and Berghs School of Communication are giving Spotify a physical form. It is this year’s edition of a packaging design contest for students at Berghs and this is the first time an online brand will be physically packaged.

During the first half of 2014 we have delivered an operating margin of 10%, and a growth in sales volumes over last year with 4%, in line with our profitable growth targets and our long term strategy. The integration work has progressed as planned and as already communicated, the realisation of synergies is happening faster than first planned. All employees have done a fantastic work all across the company, in numerous different projects that constitutes the integration program. However, the pace of integration in combination with synergy-related incentives will increase the non-recurring costs for realising the synergies with approximately SEK 25 million for the year. It is my belief that this is money well spent.’’

Additional Info

  • About

    BillerudKorsnäs – Packaging manufacturers and brand owners are offered added value in the form of brand-strengthening, productivity-boosting and environment-enhancing packaging solutions. BillerudKorsnäs has a world-leading market position within primary fibre-based packaging paper. The company has annual sales of around SEK 20 billion and is listed on NASDAQ OMX Stockholm. www.billerudkorsnas.com

  • Contacts

    For further information, please contact:

    Per Lindberg, President and CEO +46 (0)8 553 335 00
    Susanne Lithander, CFO, +46 (0)8 553 335 00

Published in financial News

With the European Parliament voting to significantly cut plastic bag use by 2019, BillerudKorsnäs has launched two new families of paper for use in carriers for the food and retail sectors. The products offer outstanding value, quality, and flexibility and are produced from renewable raw materials. The fact that they are biodegradable means they pose far less of a threat to waterways than plastics

BillerudKorsnäs has launched two new paper product families, aimed at meeting growing demand for paper bags and carriers within the retail and food sectors. The Xpression and Basix product lines both offer outstanding strength, printability and environmental credentials, but are carefully designed for use in distinct applications.

bill bags

The Xpression range of high-quality kraft paper products is suitable for use in paper carriers produced for use in retail and in other sectors. Papers in the range offer benefits across the value chain. They allow for outstanding colour and text reproduction during printing and enable brand owners to produce strong, durable and appealing carrier bags that reflect on their brands in the best possible way.

The Basix range of kraft paper, meanwhile, is intended for use in consumer bags that provide protection for food, or that are used in other daily applications. The range consists of stiff papers with an even quality that allows for effective and functional conversion as well as easy-to-use end products. The papers boast good printability, and grease-resistant variants are available for paper bags that come into close contact with greasy food, such as Danish pastries and French fries.

Marcus Lager, Business Segment Director at BillerudKorsnäs, says there has been an increase in demand for quality paper products, particularly in Europe where tough measures have been introduced to reduce the use of plastic bags and plastic carrier bags.

In April, the European Parliament voted in favour of new targets that will force nations within the EU to reduce plastic bag use by 80 per cent before 2019," Lager says. "Many consumers have also expressed a strong preference for sustainable, non-plastic alternatives, both in retail and food retail situations."

Luigi Fiorini, President of global packaging manufacturer Fiorini International, says a major advantage of the Xpression and Basix ranges is their strong environmental credentials. BillerudKorsnäs is recognised as an industry leader in terms of sustainability and environmental focus.

Patrik Bosander, Business Development Director at BillerudKorsnäs, says, "The independent research body IVL Svenska Miljöinstitutet (IVL Swedish Environmental Institute) conducted climate change impact studies on all the products manufactured in three of our Swedish paper mills. The results showed that our products had a very small carbon footprint. This is due to the paper being made from renewable raw material from sustainable forestry, as well to our investments in environmentally effective technology."

About Fiorini International

Fiorini International is a market-leading company that produces packaging for the industrial, retail and fashion sectors. The company has modern plants in Italy and the Czech Republic, employs some 420 people and has an annual turnover of about 100 million euros. Fiorini International has customers all over the world and recently won the "Best Converter" prize at the prestigious La Vedovella awards in Italy.

Additional Info

  • About

    BillerudKorsnäs provides high quality paper and state of the art packaging expertise. Together with our global network of converters we develop smarter packaging solutions that save costs, boost brands thanks to improved design, and contribute towards smoother logistics and a cleaner environment. We have a turnover of SEK20 billion and employ 4,300 people in 13 countries.’ www.billerudkorsnas.com 

  • Contacts

    For further information, please contact:
    Marcus Lager, Business Segment Director, Bag Solutions. + 46 76 133 45 85
    Marcus.Lager@billerudkorsnas.com
     Patrik Bosander, Business Development Director. + 46 70 213 59 90
    Patrik.Bosander@billerudkorsnas.com 
    Luigi Fiorini, CEO, Fiorini International, +39 071 791171
    lfiorini@fiorinint.it

Published in Featured Products
Thursday, 12 June 2014 07:52

BillerudKorsnäs packages Spotify

bill jonBillerudKorsnäs and Berghs School of Communication are giving Spotify a physical form. The collaboration is called SPICE:14 and is this year’s edition of a packaging design contest for students at Berghs. This is the first time an online brand will be physically packaged.

SPICE (Sustainable Packaging & Innovation Communication Event) is taking place for the fifth year in a row. In the first year, the event was merely a contest that Berghs students participated in, but now SPICE is part of the "Sustainable Packaging Design" course at Berghs.

This year, SPICE has been commissioned by the Swedish international music service Spotify. The company wants to try out a new way to reach consumers with its online music service.

"We’re delighted to have the opportunity to take part in SPICE. We get a lot of requests, and the reason we said ‘yes’ to this event was that it felt well organised and planned. There was also a clear schedule for us to consider," says Jonathan Forster, MD of Spotify Nordic.

Spotify is now putting the finishing touches to the brief that the students will receive when the course begins at the end of September.

"We want it to be fun for both Spotify and the students, but still be defined so narrowly so that they know what the scope is and what we want to achieve. It’ll be exciting to see what kinds of creative solutions the students come up with during the autumn," says Jonathan Forster.

Jimmy Nyström, Business Development Director at BillerudKorsnäs and Project Manager for SPICE:14 says that BillerudKorsnäs likes challenging the conventional and finding new packaging solutions.

"This is the first time we’ve been involved in packaging an internationally renowned digital brand, which shows that even digital brands need physical packaging to reach their target audience."

"The collaboration with BillerudKorsnäs is in line with the way Berghs structures its full-time courses – reality-based cases supported by specialists with excellent knowledge of the industry," says Pål Pettersson, Head of Graphic Design, Berghs School of Communication.

Additional Info

  • About

    BillerudKorsnäs provides high quality paper and state of the art packaging expertise. Together with our global network of converters we develop smarter packaging solutions that save costs, boost brands thanks to improved design, and contribute towards smoother logistics and a cleaner environment. We have a turnover of SEK20 billion and employ 4,300 people in 13 countries.’www.billerudkorsnas.com

  • Contacts

    For further information, contact:

    Jimmy Nyström, Business Development Director, BillerudKorsnäs
    +46 (0)70 383 24 42
    jimmy.nystrom@billerudkorsnas.com

     Pål Pettersson, Head of Graphic Design, Berghs School of Communication.
    +46 (0)70 254 02 39
    pal.pettersson@berghs.se

Published in European News

billkorlogoBillerudKorsnäs´ Board of Directors has authorized an investment of over 450 MSEK for environmental improvements at the production unit in Gävle.

The investment includes a new sedimentation basin, developments in the pulp mill and a large number of related water-saving measures. This will be implemented in 2014 and 2015 and will be completed by the beginning of 2016.

- This is an important environmental investment for Gävle completely in line with the vision that our products shall have a minimal environmental impact and the best possible function in order to contribute to a sustainable future, says Christer Simrén, COO at BillerudKorsnäs

In addition to the environmental benefits, improved water quality and reduced use of electricity, the quality of the products will increase. This investment follows on the energy-related investments made in 2012 which greatly improved the production unit's sustainability performance in terms of energy efficiency and reduction of fossil fuel use.

Additional Info

  • About

    BillerudKorsnäs – Packaging manufacturers and brand owners are offered added value in the form of brand-strengthening, productivity-boosting and environment-enhancing packaging solutions. BillerudKorsnäs has a world-leading market position within primary fibre-based packaging paper. The company has annual sales of around SEK 20 billion and is listed on NASDAQ OMX Stockholm. www.billerudkorsnas.com

  • Contacts

    For further information, please contact:

    Christer Simrén, Executive Vice President, COO, +46 (0)70 795 11 10
    Angelica Eriksson, Communications Manager BillerudKorsnäs Gävle, +46 (0)70 795 17 27

Published in European News

CEO Per Lindberg comments on the development during Q1 2014:

billkorlogo“We have started the year in a good way by delivering a strong result for the first quarter without any major hick-ups in our operations. Our adjusted operating profit reached SEK 555 million and our margin was 10%. The cash flow was quite strong and we are back on a net debt/equity level of 0.78 even after the consolidation of Bomhus Energi AB.

We experienced some price reductions compared to the previous quarter within the business areas Packaging Paper and Containerboard, primarily within the sack and fluting product groups. But the demand was good and mix, volume and currency improvement offset the price effects. The price pressure that we have anticipated from increased capacity on the market has not been realised yet and perhaps we have overestimated the impact. Time will tell.

Our integration efforts are moving forward relentlessly and we continue to realise synergies as planned for 2014. The pace of realisation is expected to slow down though as the activities now mostly contain implementation of new systems and ways of working. Integration continues to be a high priority, and we are setting the foundation of a new common culture by starting implementation of our corporate values.

In our quest to reach our long-term financial targets and 15-20% organic growth by 2018, we have stated that we within our financial policy would focus on restoring margins, pay down debt and manage our capital employed. I think we clearly show that we are moving forward on this path. We see improved margins as an effect of synergy realisation and our net debt/equity ratio has come down further. Our working capital improvement project is moving into implementation and many activities are being performed to reach a working capital level of 10% of sales. From our asset review we are developing the plans regarding our future asset structure, plans that will be communicated in due time.”

Additional Info

  • About

    BillerudKorsnäs – Packaging manufacturers and brand owners are offered added value in the form of brand-strengthening, productivity-boosting and environment-enhancing packaging solutions. BillerudKorsnäs has a world-leading market position within primary fibre-based packaging paper. The company has annual sales of around SEK 20 billion and is listed on NASDAQ OMX Stockholm. www.billerudkorsnas.com

    The information is such that BillerudKorsnäs AB (publ) is obligated to publish under the Swedish Securities Market Act. Submitted for publication at 07.02 CET, 24 April 2014.

  • Contacts

    For further information, please contact:

    Per Lindberg, President and CEO +46 (0)8 553 335 00
    Susanne Lithander, CFO, +46 (0)8 553 335 00

Published in financial News

billkorlogoBillerudKorsnäs´ Board of Directors has approved a 180 MSEK investment for paper machine 6 at the Gruvön production unit. The investment is an important part of the value growth strategy for the BillerudKorsnäs business area Containerboard. The objective of the investment is to further enhance the leading quality position of the fluting produced, particularly when it comes to strength parameters.

The approved investment includes rebuilding the press part of the paper machine and sections of the pulping line and wood room. It is planned to be carried out mainly during 2015.The investment will, in addition to the enhanced quality properties, also allow for a higher production output, approximately 40 000 ton.

”Billerud Flute® is already today world leading with its unique strength properties. Through the investment and its product quality impact, we want to create further value for users of Billerud Flute® in demanding corrugated applications. This value creation is the core of the strategy for our business area Containerboard.”, explains Lennart Eberleh, SVP Containerboard.

Paper machine 6 produces virgin fibre based fluting, Billerud Flute®, with unique strength properties, also under humid conditions. It is being used for corrugated solutions for transport of for example fruit and vegetables and for heavy duty goods. Billerud Flute® from PM6 at the Gruvön production unit is an example of the leading packaging materials supplied by BillerudKorsnäs that create value at customers all over the world through greater results, in the form of increased productivity or reduced waste, and that also contribute to a brighter future for us all.

Additional Info

  • About

    We challenge conventional packaging for a sustainable future

    BillerudKorsnäs is a leading provider of renewable packaging material and together with our partners we create smarter packaging solutions that increase profits, excite millions of consumers and contribute to a sustainable future for generations to come.

     www.billerudkorsnas.se

  • Contacts

    For further information, please contact:

    Lennart Eberleh, SVP Containerboard, +46 8 553 335 00, lennart.eberleh@billerudkorsnas.com

    Henrik Essén, SVP Communication & Sustainability, +46 8 553 335 00, henrik.essen@billerudkorsnas.com

    The information in this press release is such that BillerudKorsnäs AB (publ) is obliged to disclose under the Swedish Securities Market Act and was submitted for publication at 07:04 CET on 24 April 2014. This release has been prepared in both a Swedish and an English version

Published in European News

2014-01-15 091045Packaging material company BillerudKorsnäs AB has signed a multi-year agreement with Tieto regarding the integration and implementation of the Tieto Integrated Paper Solution (TIPS) business system, which has been customized for the packaging industry. The aim is to add value for BillerudKorsnäs customers.

The solution is part of an initiative by BillerudKorsnäs to create the most reliable and efficient delivery chain in the industry.

"Tieto has a sound knowledge of the industry, and this standardized solution will help ensure we can provide even better service to our customers," says Johan Fahlroth, Director Supply Chain Customer Service, BillerudKorsnäs.

TIPS is a centralized sales and planning system that integrates business, planning and production processes in real time. The BillerudKorsnäs solution covers Customer Service Centers all over the world, and paper and board mills in Sweden, Finland and the UK.

"The solution will also enable us to reduce our IT costs, increase efficiency and simplify integration in relation to our customers, transport providers and suppliers," continues Johan Fahlroth.

"Through this agreement, BillerudKorsnäs has invested a great deal of trust in us and is positioning us as the leading supplier of this type of solution in Sweden," says Mats Lidström, Customer Manager, Tieto.

The agreement was signed in February, and the project is estimated to be completed during the second half of 2016. Apart from implementation, the project also involves upgrading the existing TIPS solution, training key users, providing support and carrying out project management for orders.

Additional Info

  • About

    Tieto is the largest Nordic IT services company providing full life-cycle services for both the private and public sectors and product development services in the field of communications and embedded technologies. The company has global presence through its product development business and global delivery centres. Tieto is committed to developing enterprises and society through IT by realizing new opportunities in customers' business transformation. At Tieto, we believe in professional development and results.

    Founded 1968, headquartered in Helsinki, Finland and with approximately 14 000 experts, the company operates in over 20 countries with net sales of approximately EUR 1.6 billion. Tieto's shares are listed on NASDAQ OMX in Helsinki and Stockholm. Please visit www.tieto.com for more information.

    BillerudKorsnäs is a leading provider of renewable packaging material. Together with its partners, it creates smarter packaging solutions that increase profits, excite millions of consumers and contribute to a sustainable future for generations to come.

    The Company has annual sales of around SEK 20 billion and is listed on NASDAQ OMX Stockholm. www.billerudkorsnas.se

  • Contacts

    For further information, please contact:

    Mats Lidström, Customer Manager, +46 (0)70 590 59 37, mats.lidstrom[at]tieto.com

    Johan Fahlroth, Director Supply Chain Customer Service, +46 (0)70 795 10 20, johan.fahlroth[at]billerudkorsnas.com

Published in European News

CEO Per Lindberg comments on the development during Q4 2013:

per lindberg ppw“We have closed the books for the first successful year as the new company BillerudKorsnäs. It has been a year of change and I am very pleased to see that the integration is proceeding very well. The underlying performance in the fourth quarter was strong even if the production towards the end of the year suffered from some unexpected incidents. Our adjusted operating profit reached SEK 226 million corresponding to an adjusted operating margin of 5%. This includes some additional negative impact from the planned maintenance shutdowns and the previously announced costs for production problems of SEK 70 million.

During the quarter business has been relatively stable. We mostly saw stable demand, however with some typical year-end destocking. Prices were more or less stable as well. The start of 2014 has been quite good and we will run production on full capacity in the first quarter. The market will be more competitive and we are anticipating some pressure on prices in local currency for some of the products within business areas Containerboard and Packaging Paper beyond the first quarter.

We continue to realise synergies in a rapid pace, and we continue to expect to reach the target of SEK 530 million annual run-rate reduction during 2014. The integration efforts in 2014 are moving into the next phase when many new systems are implemented and new ways of working are introduced. Integration will therefore continue to be a high priority.

In November we had our first Capital Markets Day where we communicated how we are building a company to deliver value to customers and shareholders. It was well received and gave us further confidence to continue in building a value-creating world-class company for the long term.”

Additional Info

  • About

    About Us

    BillerudKorsnäs – Packaging manufacturers and brand owners are offered added value in the form of brand-strengthening, productivity-boosting and environment-enhancing packaging solutions. BillerudKorsnäs has a world-leading market position within primary fibre-based packaging paper. The company has annual sales of around SEK 20 billion and is listed on NASDAQ OMX Stockholm. www.billerudkorsnas.com

  • Contacts

    For further information, please contact:
    Per Lindberg, +46 (0)8 553 335 00
    President and CEO
    or
    Susanne Lithander, +46 (0)8 553 335 00
    CFO

Published in European News

billkorlogoBillerudKorsnäs fourth quarter results are stable, but negatively impacted by unexpected production problems. The problems have primarily included two longer unplanned stops at the Frövi mill and a quality related problem in Gruvön, with a total impact on the results of approximately SEK 70 million. Operating profit for the fourth quarter of 2013 will amount to approximately SEK 195 million. Non-recurring integration costs are estimated to approximately SEK 30 million and the operating profit adjusted for integration costs is estimated to approximately SEK 225 million.

"Production at the end of the year has not really gone our way. We have suffered from some unusual incidents, and it is without doubt exceptional that these problems could occur during the same quarter. Production is now in full swing again and we are completely comfortable with the actions taken. These issues do not affect our view of the future as the underlying business is stable. We are building a company to deliver value to customers and shareholders for a long time to come”, says Per Lindberg, President & CEO.

Toward the end of the fourth quarter, the company has had longer stops in Frövi on two occasions caused by defects in steam generation and distribution. The repairs were extensive and complex resulting in further loss of time and thus production. The negative impact on operating profit is expected to amount to approximately SEK 40 million.

Also, during the end of quarter a quality problem was detected at Gruvön. The problem is solved by preventive measures in the process by investments and improved quality procedures. The negative impact on operating profit is expected to amount to approximately SEK 30 million.

The results are still preliminary and have not been reviewed by the auditors.

BillerudKorsnäs will publish its year-end report for 2013, on February 18, 2014 at 07:00 CET.

Additional Info

  • About

    BillerudKorsnäs provides high quality paper and state of the art packaging expertise. Together with our global network of converters we develop smarter packaging solutions that save costs, boost brands thanks to improved design, and contribute towards smoother logistics and a cleaner environment. We have a turnover of SEK20 billion and employ 4,400 people in 13 countries.’www.billerudkorsnas.com

  • Contacts

    For further information, please contact:

    Per Lindberg, CEO, +46 8 553 335 00, per.lindberg@billerudkorsnas.com

    Susanne Lithander, CFO, +46730370874, susanne.lithander@billerudkorsnas.com

    The information in this press release is such that BillerudKorsnäs AB (publ) is obliged to disclose under the Swedish Securities Market Act and was submitted for publication at 08:00 CET on 21 January 2014. This release has been prepared in both a Swedish and an English version

Published in financial News
Tuesday, 14 January 2014 11:00

Changes in 2014 Nomination Committee

billkorlogoIn October, 2013, it was announced that the Nomination Committee for the 2014 Annual General Meeting in BillerudKorsnäs consisted of Mia Brunell Livfors, appointed by Investment AB Kinnevik, Michael M.F. Kaufmann, appointed by Frapag Beteiligungsholding AG, Björn Franzon, appointed by Swedbank Robur fonder and Frank Larsson, appointed by Handelsbanken fonder.

In December 2013, ownership changes occurred in BillerudKorsnäs among the major shareholders in connection with Investment AB Kinnevik’s sale of its shareholding in BillerudKorsnäs. In accordance with the instructions for appointment of the Nomination Committee, the composition of the committee has now been changed in order to reflect these ownership changes. The members of the newly composed Nomination Committee, appointed by the major shareholders in the company based on known shareholding as per 30 December 2013, are:

  • Michael M.F. Kaufmann appointed by Frapag Beteiligungsholding AG
  • Mathias Leijon, appointed by Nordea Fonder
  • Björn Franzon, appointed by Swedbank Robur fonder
  • Peder Hasslev, appointed by AMF Försäkring & Fonder

Mia Brunell Livfors and Frank Larsson have resigned from the Nomination Committee.

Information about the work of the Nomination Committee can be found at the BillerudKorsnäs website www.billerudkorsnas.com. Shareholders wishing to make proposals to the Nomination Committee should submit their proposal in writing via e-mail to valberedningen@billerudkorsnas.com or by mail to BillerudKorsnäs AB (publ), Att: Valberedningen, Box 703, 169 27 Solna, Sweden. The Annual General Meeting will be held in Stockholm on 6 May 2014.

Additional Info

  • About

    BillerudKorsnäs – Packaging manufacturers and brand owners are offered added value in the form of brand-strengthening, productivity-boosting and environment-enhancing packaging solutions. BillerudKorsnäs has a world-leading market position within primary fibre-based packaging paper. The company has annual sales of around SEK 20 billion and is listed on NASDAQ OMX Stockholm. www.billerudkorsnas.com

  • Contacts

    For further information, please contact:

    Hannu Ryöppönen, Chairman of the Board of Directors, +44 7788 882627 or +46 (0)8 553 335 05

    Andreas Mattsson, Corporate Legal Counsel +46 (0)8 553 335 16 or +46 (0)72 585 16 78

    The information is such that BillerudKorsnäs Aktiebolag (publ) is obligated to publish under the Swedish Securities Market Act. Submitted for publication at 13.30 CET, 13 January 2014.

Published in financial News
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