BillerudKorsnas has reported 4Q, and full year 2012 results.Net sales in 2012 amounted to SEK 10 427 million, a rise of 12 per cent. Operating profit fell to SEK 489 million, mainly as a result of lower prices in local currency and a less favourable currency situation.
BillerudKorsnas’ CEO Per Lindberg comments on the 4Q, full year report:
“With the finalization of the historic combination between Billerud and Korsnas, the fourth quarter was an unusually eventful one. We also completed the integration of our paper machines in Finland during the quarter. The integration process at BillerudKorsnäs progresses as planned, and from the next quarter on we will start to report the benefits of our synergies. The synergies for the two acquisitions are estimated at approximately SEK 330 million annually, with full impact from the end of 2015.
According to the company, the order situation for the majority of products in the packaging materials segments is expected to remain at normal seasonal levels through the first quarter of 2013, while wood prices in 2013 are expected to be lower than in 2012.
