STOCKHOLM, Sweden, April 22, 2003 (PRIMEZONE) -- Billerud:
Quarter Full
year
2003 2002 2002
I IV I 2002
Net turnover, MSEK 1 844 1 735 1 756 7 067
Operating profit, MSEK 297 341 268 1 214
Operating margin, % 16 20 15 17
Profit after financial items, 276 312 247 1 116
MSEK
Earnings per share, SEK 3.45 3.85 2.82 13.25
- Demand for Billerud's products were stable during the first quarter of 2003.
- Operating profit was MSEK 297, up 11 % compared with the first quarter of 2002, mainly due to higher prices.
- Compared with the previous quarter, profits were down 13% mainly due to reduced average prices for containerboard and market pulp, higher energy costs and negative exchange rate effects.
- Profit after financial items was MSEK 276 and the return on capital employed during the past 12-month period was 26%; excluding currency flow hedging effects, the return was 17%.
- Operating cash flow was MSEK 95. Adjusted for large investment levels and tax payments during the quarter, cash flow was MSEK 240.
- Deliveries amounted to 334,000 tonnes, up 10% on the final quarter of 2002. The maintenance stoppage at Skarblacka went according to plan.
- Based on an unchanged economic situation, Billerud's estimate is unchanged; that results for 2003 will not differ significantly from the 2002 level.
This interim report has not been subjected to a general check by the company's auditors
Future financial statements
Second quarter 2003 17 July 2003 Third quarter 2003 21 October 2003
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2003/04/22/20030422BIT00540/wkr0001.doc
The full report
http://www.waymaker.net/bitonline/2003/04/22/20030422BIT00540/wkr0002.pdf The full report