Billerud reports net profit of 156 million Kronor
April 29 2010 Billerud reports a net profit for the first quarter of the year amounted to 156 million Kronor, compared to -39 million the corresponding period last year.
Billerud's operating profit amounted to 234 million Kronor (-37), which corresponded to a margin of eleven percent (-2). Earnings per share amounted to 1.52 Kronor (-0.53). Billerud's net sales amounted to 2,190 million Kronor (1,900)."With an operating profit of 234 million Kronor for the first quarter of 2010 we now have two consecutive quarters behind us, when we have achieved our target of an operating margin in excess of ten percent," Billerud's CEO, Per Lindberg, commented. "This, combined with continued stable demand, is a sign that the recovery is now standing on increasingly firm ground."