Pulp & Paper News

BillerudKorsnäs expects operating profit of SEK 195 million in 4Q 2013; results negatively impacted by unexpected production problems

SOLNA, Sweden , Jan. 21, 2014 (Press Release) - 

BillerudKorsnäs 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.

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