Billerud Year-end report January–December 2024

Total European shipments of graphic papers in February 2021 were down 14.1% vs. February 2020 and are down 18.3% year-to-date. Total European shipments of newsprint in February 2021 were down 20.2% vs. February 2020 and are down 21.6% year-to-date. Total European shipments of sc-magazine in February 2021 were down 15.8% vs. February 2020 and are down 21.3% year-to-date. Total European shipments of coated mechanical reels in February 2021 were down 15.3% vs. February 2020 and are down 20.5% year-to-date. Total European shipments of uncoated mechanical (improved & others) in February 2021 were UP 2.5% vs. February 2020 and are down 9.4% year-to-date. Total European shipments of coated woodfree in February 2021 were down 19.3% vs. February 2020 and are down 23.5% year-to-date. Total European shipments of uncoated woodfree in February 2021 were down 8.2% vs. February 2020 and are down 11.7% year-to-date.

Appvion recorded second quarter operating income of $5.1 million compared to operating income of $3.9 million for second quarter 2016. The improved earnings in second quarter 2017 were driven by volume growth for the Company's tag, label and entertainment (TLE) products and carbonless papers segment. Continued execution of profit improvement initiatives, improved manufacturing performance, and lower selling, general, and administrative (SG&A) expenses also contributed to the earnings improvement. Those results were partially offset by the impact of lower net sales caused by lower market prices for the Company's thermal receipt paper and unfavorable product mix in the carbonless papers segment. Total company shipment volume was relatively flat compared to second quarter 2016. Appvion's second quarter 2017 net sales of $164.0 million were $9.6 million lower than second quarter 2016. Year-to-date net sales of $330.7 million were $23.4 million, or 6.6%, lower compared to the same period in 2016, largely as a result of lower prices for thermal paper products as well as lower shipment volume and unfavorable product mix. Total company shipment volume was down approximately 2% compared to first half 2016. Thermal shipment volume declined more than 3%, while carbonless increased less than 1%. Click Read More below for additional detail.

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