Billerud Interim report January–September 2024

Comments by the CEO: The third quarter was another solid quarter for Billerud. As we had planned, our net sales grew, and profitability improved in both regions. The positive profitability trend we have seen from the beginning of the year continued. The Group’s EBITDA margin ended at 14%, our strongest result since Q4 2022. Production stability was solid in the quarter and our scheduled maintenance stops in three mills went according to plan.

Yet again, region North America delivered an excellent financial performance with double digit sales growth and 18% EBITDA margin. All our categories in the US contributed to the strong result. In Region Europe, our fiber cost continued to increase, while most other input costs declined. Also for this quarter, we were successfully able to offset the cost inflation by proactive pricing and portfolio management for Europe. This is key and it will continue to be one of our top priorities going forward. Region Europe reached an EBITDA margin of 16%, the highest profitability in two years.

Our efficiency enhancement program continues to deliver structural savings. Disciplined work to eliminate price point outliers in the customer base as well as to increase our field-purchased pulpwood in the vicinity of our Swedish mills produces positive effects.
details at: https://www.billerud.com/press–news/press-releases/2024/interim-report-januaryseptember-2024

Related Posts

Fortress Paper Reports Second Quarter 2017 Results and CEO Retirement

Fortress Paper Ltd. reported 2017 second quarter operating EBITDA of $4.3 million, a decrease of $2.0 million relative to the comparative prior year period and a decrease of $3.2 million over the previous quarter. The Dissolving Pulp Segment generated operating EBITDA of $3.5 million and the Security Paper Products Segment generated operating EBITDA of $2.8 million. Corporate costs included in operating EBITDA were $2.0 million. After 36 years in the forestry industry, including nearly five years at Fortress Paper, Yvon Pelletier will be retiring from the Company effective October 1, 2017. Chadwick Wasilenkoff will re-assume the role of Chief Executive Officer and President and continue to serve as Chairman of the board. In order to facilitate a smooth transition of Mr. Pelletier’s duties and strong customer and government relationships, he has agreed to a two year consulting agreement. Click Read More below for additional detail.

AF&PA Applauds EPA‘s Proposed Boiler Maximum Achievable Control Technology (MACT) Rule

American Forest & Paper Association (AF&PA) President and CEO Heidi Brock issued the following statement regarding the Environmental Protection Agency’s (EPA) Boiler Maximum Achievable Control Technology (MACT) proposed rule: “AF&PA is pleased the EPA has moved forward in proposing an achievable Boiler Maximum Achievable Control Technology (MACT) rule. This is the result of more than two decades of work that gives the forest products industry regulatory certainty while encouraging the use of renewable, carbon-neutral fuel. “While limits for several boiler types have become more stringent, we believe they are feasible and affordable. Already, to date, our industry has invested $1 billion in controls to meet Boiler MACT obligations.

American Forest & Paper Association Releases April 2021 Printing-Writing Monthly Report

According to the report, total printing-writing paper shipments decreased three percent in April compared to April 2020. U.S. purchases of total printing-writing papers decreased six percent in April compared to the same month last year. Total printing-writing paper inventory levels decreased two percent when compared to March 2021. U.S. purchases of uncoated free sheet (UFS) papers in April increased 13 percent compared to last April while the inventory level decreased three percent compared to March 2021. UFS imports increased 12 percent while exports decreased 22 percent in March 2021. Coated free sheet (CFS) paper shipments decreased 17 percent compared to April 2020 while the inventory level decreased one percent compared to March 2021. CFS imports decreased 21 percent while exports increased 14 percent in March 2021. U.S. purchases of coated mechanical (CM) papers in April decreased 35 percent compared to last April while the inventory level decreased three percent compared to March 2021. CM imports and exports both decreased compared to March 2020, down nine percent and 29 percent respectively. Uncoated mechanical (UM) paper shipments decreased 21 percent compared to April 2020 while the inventory level increased 12 percent compared to March 2021. UM imports and exports both decreased compared to March 2020, down one percent and 47 percent respectively.
Back To Top
×Close search
Search