Production disruptions impact profit negatively at BillerudKorsnas

The difficulties with production availability continued in the fourth quarter 2017 which impacted sales volumes negatively despite a very strong market. Operating profit (EBIT) for full year 2017 is calculated to be approximately MSEK 2 240 which is lower than expected but gives a margin of 10 percent.

It is mainly the production facilities in Gruvön and Gävle that are affected, which impact sales negatively within business areas Consumer Board and Corrugated Solutions.

“Despite historically record high production volumes we are of course not satisfied with the recurring production disruptions in our facilities. Therefore, we now intensify our action plan to increase the stability and availability in our production. To ensure the operational stability will be my main focus going forward. We have strengthen the organisation that work proactively with both availability and quality at our facilities which will generate result going forward, says Petra Einarsson, President and CEO BillerudKorsnäs”.
https://www.billerudkorsnas.com/media/press-releases/2018/production-disruptions-impact-profit-negatively

Related Posts

Platinum Equity to Acquire Water Treatment Company Solenis for $5.25 Billion

Platinum Equity announced today that it has signed a definitive agreement to acquire Solenis, a leading global producer of specialty chemicals used in water-intensive industries, from Clayton, Dubilier & Rice (“CD&R”) and BASF in a transaction that implies an enterprise value for Solenis of $5.25 billion. As part of the transaction, Solenis is expected to merge with Sigura Water, an existing Platinum Equity portfolio company the firm acquired in 2019, for a total combined transaction value of approximately $6.5 billion. The combined company is expected to generate approximately $3.5 billion of revenue and serve a diverse range of customers around the world in consumer, industrial and pool water treatment markets. Founded in 1907 and headquartered in Wilmington, Delaware, Solenis is a global leader in supplying innovative specialty chemicals and services for process, functional and water treatment applications to consumer and industrial markets.

Oceanwood new owner of Norske Skog AS

Oceanwood has entered into a sale and purchase agreement (the SPA*) to buy the entire issued share capital of Norske Skog AS (Norske Skog). Following a four-month competitive auction process, in which more than 100 prospective bidders were approached, Oceanwood emerged as the winning bidder by offering the highest value in cash for the shares and the intercompany loans. John Chiang, an Investment Adviser of Oceanwood, says: “Our first investment in Norske Skog was back in 2015 and we have supported and worked constructively with the group since. In November 2017, as it became apparent that it would be difficult to reach a consensual solution and solve the financial issues in the former Norske Skogindustrier holding structure, we decided to act to protect the operating companies. With the subsequent auction process now concluded, we are very excited to team up with Norske Skog’s management and employees. We share the ambition to see the new Norske Skog Group succeed and to realise the potential that we believe is inherent in the business as it continues to transform and grow.” Click Read More below for additional information.
Back To Top
×Close search
Search