BillerudKorsnäs’ results for the fourth quarter are

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Jan 22, 2016 at 3:15 AM

BillerudKorsnäs’ results for the fourth quarter are negatively impacted by continued problems in the production

Production problems at the end of the fourth quarter continued to have a negative impact on BillerudKorsnäs’ results. The total cost of production disruptions during the quarter is estimated to approximately SEK 245 million. Operating profit for the fourth quarter 2015 is estimated to approximately SEK 320 million. In early December 2015 the company announced increased costs with about SEK 165 million due to production problems, mainly in Frövi. During December, additionally approximately SEK 80 million in costs have been incurred for production disruptions and increased repair and maintenance costs. Disturbances continued at KM5 in Frövi, and increased maintenance costs have hit Skärblacka and Karlsborg but also Beetham in connection with extensive flooding. Approximately SEK 25 million affects business area Consumer Board and the remaining approximately SEK 55 million affects business area Packaging Paper. "The board machine in Frövi has improved step by step but did not stabilize on the level we had hoped for in December. Major rebuilds have been made in Frövi to increase capacity, and it is not uncommon that the time to for the run-in takes longer than anticipated. It may be too early to claim that the problems are solved, but we can during the last few weeks see that the machine is coming back on plan. Skärblacka and Karlsborg have produced according to plan during the fourth quarter, but incurred more maintenance costs than planned at the end of the year. The problems in the quarter are thus self-generated. The exception is Beetham that was under water at the great floods in England in December but have started up in January and produce according to plan again. We see no negative change in demand or the overall cost position and several of our production units have set new production records in 2015, "says Per Lindberg, President and CEO. The results are still preliminary and have not been reviewed by the auditor. BillerudKorsnäs will publish its year-end report for 2015 at 07:00 CET on 10 February 2016. For further information, please contact: Susanne Lithander, CFO, +46 (0)8 553 335 00 Per Lindberg, President and CEO, +46 (0)8 553 335 00 The information is such that BillerudKorsnäs Aktiebolag (publ) is obligated to publish under the Swedish Securities Market Act. Submitted for publication at 08.00 CET on 22 January 2016. BillerudKorsnäs provides packaging materials and solutions that challenge conventional packaging for a sustainable future. We are a world-leading provider of primary fibre based packaging materials and have customers in over 100 countries. The company has 8 production sites in Sweden, Finland and the UK and about 4 300 employees in over 13 countries. BillerudKorsnäs has an annual turnover of about SEK 21 billion and is listed on Nasdaq Stockholm. www.billerudkorsnas.com

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Weifang's Cultural Resurgence: A Global Epigraphy Fest

A Historical Meltdown into Global Recognition Welcome to the ride where ancient stones talk and cultural borders vanish. We're diving into the beating heart of Weifang, a place you're probably hearing about now because the town's hosting a packed international media tour. And, for a change, this isn't just another tourist trap; it's a cultural adrenaline shot to the arm,...

Voter Events by Valley Community Healthcare Aim to Empower

Here's a game-changer for the community. Valley Community Healthcare (VCH) is stepping up, proving that healthcare doesn't just stick to check-ups and prescriptions. It's about the whole shebang—community empowerment included. This October, VCH is hosting two incredible voter events, collaborating with the Los Angeles County Registrar-Recorder's Mobile Voting Program....

Innventure Faces Major Lawsuit Over Misleading Investors

Missteps at Innventure: A Costly Lesson in Investor Trust The stock market is no stranger to drama, but Innventure's saga feels like a page ripped right out of a thriller novel. You’ve got accusations, alleged fabrications, and a swift drop in stock prices that’s left some investors shaking their heads. The company, nestled under the ticker NASDAQ:INV, finds itself...

Masimo's smartSET™ Revolutionizes Patient Monitoring

Breaking Ground in Patient Monitoring Let's dive into the gritty details behind Masimo's latest FDA-nod: the smartSET™ system. This gizmo ain't your ordinary pulse oximeter; it's a next-gen hand-holder for the medical world, poised to ride the AI wave straight into the clinic. They've cracked open a new way for clinicians to peek behind the curtain of patient vitals,...

Hyliion Class Action Deadline Nears for Investors

Potential Shockwaves for Hyliion Investors Investors are having a showdown with Hyliion (NYSE:HYLN) these days. With the looming October 27, 2026, deadline to jump into a securities class action, it seems Hyliion's latest escapade smells worse than a fish market on a hot day. We’ve got allegations here stronger than your uncle’s morning coffee. Understanding the Legal...

LG OLED evo W6: UAE Roadshow Starts with a Bang

They've done it again, folks. LG Electronics is out there kicking up a storm with their all-new OLED evo W6 True Wireless Wallpaper TV, and they're bringing the action straight to the UAE's doorsteps. Imagine taking a stroll and stumbling upon this technological marvel at some fancy spot like The Lotus Lounge at Anantara The Palm Dubai Resort. This ain't just a TV, it's a...

AEVEX Facing Class Action Deadline Amid Stock Turmoil

Investors are no strangers to the rough and tumble of stock markets, but things get downright messy when trust is shattered. That's the sorry saga unfolding with AEVEX, where shareholders are feeling the heat after a sharp nosedive in stock value. The clock is ticking to join the class action, and any AEVEX investor worth their salt should pay attention. Unraveling...

Top 5 Most Recently Viewed Articles

Understanding Recent Options Trends for Boeing Stock

Market Sentiment Surrounding Boeing's Options In recent times, a notable trend has emerged among significant investors regarding Boeing (NYSE: BA). This isn't just casual market gossip; it's evidence of serious financial maneuvers that could hold substantial implications for the stock. Insight into publicly available options data highlights a shift in sentiment that savvy...

Analyzing the Surge in Ford Motor's Short Interest Figures

Ford Motor's Increasing Short Interest Overview Recently, Ford Motor Company's short interest has drawn significant attention. The percentage of short interest has increased by 4.44%, indicating a total of 180.65 million shares sold short. This figure represents 5.17% of the total regular shares available for trading. The current trading volume implies that it would take...

Nutex Health Inc. Faces Scrutiny Amid Claims of Misconduct

Investigation into Nutex Health Inc. Recently, there has been a growing focus on Nutex Health Inc. as serious allegations of misconduct arise. Investors of the company are understandably concerned as investigations unfold about whether their leadership has engaged in fraudulent practices that could affect their investments. In light of these events, it is crucial for...

Revolutionizing Logistics: ITF Group Teams Up with HaulerHub

Transforming Logistics through Innovation ITF Group has forged an exciting partnership with HaulerHub to launch a platform that revolutionizes the connection between shippers and haulers. This innovative platform is designed to bring a thoroughly vetted and verified network of haulers to the forefront, addressing long-standing issues within the logistics industry....

CRRC Innovates with Sustainable Transport Solutions Revolutionizing Cities

CRRC Transforms Passenger Transport Solutions at InnoTrans 2024 During the highly regarded InnoTrans 2024 event, CRRC Corporation Limited (SHA: 601766) presented an impressive lineup of cutting-edge passenger transport solutions. Highlighting their commitment to sustainability and innovation, these solutions fit a range of speed categories and operational contexts under...