STOCKHOLM, Sweden, Feb. 7, 2002 (PRIMEZONE) -- Billerud AB:
(All financial information relating to 2000 is pro forma)
Quarter Full year
2001 2001 2000
IV III IV 2001 2000
Net turnover, MSEK 1, 735 1, 593 1,770 6,910 6,666
Operating profit, MSEK 265 246 386 1,299 1,384
Operating margin, % 15 15 22 19 21
Profit after financial 230 217 -1) 1,181 1,254
items, MSEK
Earnings per share. SEK 2.98 2.45 -1) 13.81 14.40
1) Historical data not available
-- Market demand was stable in the final quarter, but paper prices
continued to fall.
-- Operating profit in the final quarter was MSEK 19 or 8% higher
than the third quarter, due to increased deliveries.
-- Operating profit for the full year reached MSEK 1,299 (1,384).
After adjustments for non-comparable items, the full year result
was MSEK 1,346 (1,348).
-- Synergy benefits from the formation of Billerud are calculated to
have a positive effect on results of MSEK 55.
-- Return on capital employed amounted to 27% (30).adjusted for non-
comparable items the return was 28% (29).
-- The Billerud share was listed for the first time on 20 November
2001.
-- The Board proposes a dividend of SEK 3.50 per share.
-- The Board proposes a buy-back of Billerud shares.
Billerud's CEO Bert Ostlund will present this financial statement at Operaterrassen in Stockholm today at 3 p.m. To participate, please call +46 8 562 08 60 or send an email to earings@financialhearings.com. Live telephone conference today at 3 p.m. on +44 20 8241 0004. See a film presentation of the conference on www.billerud.com from 9 p.m. today.
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The full text report, with all financial tables, is available at the following URLs:http://www.waymaker.net/bitonline/2002/02/07/20020207BIT00770/bit0001.doc The full year-end report http://www.waymaker.net/bitonline/2002/02/07/20020207BIT00770/bit0001.pdf The full year-end report