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BillerudKorsnas AB (publ) (BILL.ST)

BILL.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

BillerudKorsnas Q4 EPS just lags expectation, sees stable demand Q1
Thursday, 2 Feb 2017 01:00am EST 

Billerudkorsnas AB : Q4 net sales sek 5 468 m . Q4 ebitda sek 693 m . Q4 adjusted ebitda sek 898 m . Q4 earnings per share sek 0.66 (0.96) . Reuters poll: billerudkorsnas q4 earnings per share was seen at sek 0.68, dividend at sek 4.31per share . proposes a dividend of sek 4.30 per share . sees stable demand, order situation Q1 with normal seasonal variances for all business areas . sees unchanged average prices in local currency in Q1 in all segments except for impact of previously announced price increases in sack segment . says for coming quarter wood cost is expected to increase approximately 3% due to higher transportation cost, however no changes to wood prices are expected .says investment level 2017 will be approximately sek 4 300 m.  Full Article

Borregaard and BillerudKorsnäs enter into development agreement
Thursday, 8 Dec 2016 03:10am EST 

Borregaard ASA :Borregaard and BillerudKorsnäs have entered into a development agreement where BillerudKorsnäs wish to run full scale tests of packaging products containing micro fibrillated cellulose (MFC).  Full Article

Billerudkorsnas Q2 adjusted operating profit just above forecast
Wednesday, 20 Jul 2016 01:00am EDT 

Billerudkorsnas Publ Ab : Q2 net sales for quarter amounted to SEK 5,439 million . Q2 operating profit 499 million SEK . Q2 adjusted operating profit 524 mln SEK . The item affecting comparability is related to a fraud case that caused a loss of SEK 25 million . Says demand and order situation for Q3 is expected to be stable with normal seasonal variances for all business areas . Says average prices in local currency in Q3 are in general anticipated to be stable with exceptions for some segments . Says no changes to wood prices are anticipated for Q3 . Says gavle and karlsborg production units will have planned maintenance shutdowns during Q3 . Costs for planned maintenance shutdowns in the production units in Gruvon and Skarblacka amounted to SEK 244 million, compared to estimated SEK 220 million .Reuters poll: Billerudkorsnas Q2 net sales were seen at 5,371 mln SEK, adj operating profit of 516 mln, operating profit of 516 mln [nL8N1A042U].  Full Article

Pöyry awarded engineering services assignments by Billerudkorsnäs
Friday, 8 Jul 2016 03:30am EDT 

Pöyry Oyj : Has been awarded engineering services assignments by Billerudkorsnäs for a paper machine relocation and rebuild of existing paper machine . Assignment includes detail engineering services for all disciplines and related site services, to be carried out between 2016 and early 2018 . Value of order is not disclosed. . Assignment includes detail engineering services for all disciplines and related site services . Value of order is not disclosed. .Project will be executed in cooperation between Regional Operations Northern Europe and the Industry Business Group..  Full Article

BillerudKorsnas publ AB proposes a dividend for FY 2015
Wednesday, 10 Feb 2016 01:00am EST 

BillerudKorsnas publ AB:Proposes a dividend of 4.25 crowns per share for FY 2015.  Full Article

BillerudKorsnas buys 10 pct of Danish Ecoxpac
Monday, 11 Jan 2016 07:00am EST 

BillerudKorsnas publ AB:Says makes smaller investment in a 10 percent stake in Danish packaging innovation company Ecoxpac​.  Full Article

BillerudKorsnas sees SEK 1 bln core profit boost in FY 2020 from planned investments - Reuters
Thursday, 12 Nov 2015 07:40am EST 

BillerudKorsnas publ AB:Says plans to invest more than 5 billion Swedish crowns during next 3 years to improve underlying profitability, secure organic Growth - Reuters.CEO sees more than 1 billion crowns improvement in underlying EBITDA from the investments when fully implemented.CEO says the 1 billion crowns underlying EBITDA improvement from planned investments would realistically materialise beyond FY 2020.  Full Article

BillerudKorsnas sets new long-term financial targets; dividend policy remains unchanged
Thursday, 12 Nov 2015 02:05am EST 

BillerudKorsnas publ AB:Says has decided to set following financial targets from 2016.Organic growth target of 15-20 pct by FY 2018 is revised to a long-term target of 3-4 pct organic growth per year.Says EBITDA margin should exceed 17 pct. Target replaces EBIT margin target.Return on capital employed should exceed 13 pct.Says net debt to EBITDA ratio should be below 2.5. Target replaces net debt to equity target.Says dividend policy remains unchanged - 50 pct of net profit to be distributed as dividend.Says dividend policy remains unchanged.  Full Article

BillerudKorsnas closes Tervasaari paper machine in Finland
Thursday, 15 Oct 2015 05:00am EDT 

BillerudKorsnas publ AB:Decides on closing Tervasaari paper machine in Finland.Closure will lead to restructuring costs of about 100 million Swedish crowns, included in the reporting for Q3 2015 under Other units.Decision has been made after union negotiations and is based on unsatisfactory profitability levels.Production at machine will stop latest during Q3 2016.  Full Article

BillerudKorsnas launches studies for opportunities to grow
Monday, 24 Aug 2015 08:00pm EDT 

BillerudKorsnas publ AB:Says investigates opportunities for growth.Says launching two feasibility studies.One study regards investment into a new board machine at the production site in Gruvon, Sweden, and the other a streamlining and development of the production structure for packaging papers.Says a potential investment decision can be made at the earliest during 2016.The investigations are independent of each other.Also independent of the outcome of the investigations, BillerudKorsnas invites to union negotiations regarding a possible closure of the BillerudKorsnäs production at Tervasaar.  Full Article

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UPDATE 1-EU antitrust regulators raid Mondi, other paper companies

BRUSSELS, March 7 EU antitrust regulators raided a number of kraft paper and industrial paper sack makers including South Africa's Mondi on Tuesday on suspicion that the companies may have been involved in a cartel.