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BillerudKorsnas predicts stable market for packaging materials

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World Cement,


According to BillerudKorsnas’ CEO, Per Lindberg, ‘the market for sustainable packaging materials and solutions [in 2Q17] remains very encouraging. We delivered a stable result in the second quarter, despite the pressure from costs of external factors and the major disruption at Gruvön, which was communicated in May. Looking ahead, we see that the path we have chosen is the right one. Markets are performing strongly over the short term, and in the long term the trend points to companies being ambitious in their sustainability efforts both in their business operations and their products. The prospects for growth are good.”

BillerudKorsnas delivered a solid operating profit of SEK489 million. Production was relatively stable, and the company had planned maintenance shutdowns at three of its production units during the period. This cost SEK25 million more than was originally estimated. Results were also negatively affected by increased costs of deliveries due to the strike at the Port of Gothenburg.

The business areas showed stable performance over the quarter on a strong market and some positive development in local prices was seen. Consumer Board is showing volume growth of around 6% compared with the first half of last year.

The strong performance in the market by all business areas is expected to continue over the next quarter. The outlook is good and there are opportunities for further price increases.

Read the article online at: https://www.worldcement.com/europe-cis/18072017/billerudkorsnas-predicts-stable-market-for-packaging-materials/

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