New financial targets and an investment program in North America to be presented at Billerud’s Capital Markets Day
Billerud is hosting a Capital Markets Day in Stockholm, where the updated strategy will be presented. Ahead of this event, the Board of Directors has decided on new long-term financial targets and on strategic investments in North America. Billerud’s updated strategy, “Way Forward”, reflects the company’s ambition to continue to be a leader in high performance paper and packaging materials. It aims to evolve towards paperboard while remaining committed to graphic and specialty paper in Region North America, and to strengthen the performance in Region Europe. “Going forward we will prioritize profitability over growth and drive performance. We will leverage the growing demand for fiber-based packaging and Billerud’s attractive niche positions, strong manufacturing capabilities and flexible production system. Successful delivery on our plans will enable a strong and competitive Billerud. We target to achieve EBITDA of above SEK 6 billion through our strategic initiatives,” says Ivar Vatne, President and CEO of Billerud.