BillerudKorsnas' net sales for the 2Q 2020 declined by 2% to SEK 6 156 million ($702 million), compared to SEK 6 293 million ($717 million) in the 2Q 2019. 2Q net profit was SEK 202 million ($23 million), compared to SEK 182 million ($20.7 million) in the 2Q 2019.

包装纸&板

BillerudKorsnas' 2Q net sales declined by 2%

BillerudKorsnas' net sales for the 2Q 2020 declined by 2% to SEK 6 156 million ($702 million), compared to SEK 6 293 million ($717 million) in the 2Q 2019. Higher sales volumes were primarily offset by significantly lower sales prices compared to last year in Division Paper. Net sales for the quarter were positively impacted by currency effects by 1%.

Adjusted EBITDA increased to SEK 774 million ($88.2 million), mainly as a result of lower maintenance costs compared with last year, lower fibre costs, reduced KM7 start-up impact and cost savings.

2Q net profit was SEK 202 million ($23 million), compared to SEK 182 million ($20.7 million) in the 2Q 2019.

Lennart Holm, Acting President and CEO, said: “The year 2020 is for sure a year we never will forget. It started off in a rather normal fashion but that soon changed as we started to learn the meaning of Covid-19. In BillerudKorsnäs measures were taken early to safeguard our employees and operations. Now, half a year later, I am proud that BillerudKorsnäs’ operations and business overall has continued to function without interruptions and still does.

The financial effects on our company of Covid-19 have been, so far, relatively limited. Additional costs have incurred, but are partly offset by incremental cost cutting actions. The main effects are indirect and related to a weaker market for a number of our packaging paper grades. Overall, we have managed to keep the negative financial impact under control, but the pandemic is far from over so we must maintain full alert. Our focus areas for 2020 remain; ramping up our new board machine at Gruvön (KM7), ensuring a safe and stable production and delivering on our cost and efficiency program – all to be dealt with in a Covid-19 impacted environment doing our outmost to protect employees and customers.”

BillerudKorsnäs is one of the leading manufacturers of packaging paper made from virgin fibers.