Billerud reports strengthened position
Billerud reports an operating result for 2010 of 1,037 million Kronor (300), corresponding to a margin of 12 percent (4). Net sales amounted to 8,828 million Kronor (7,760), an increase of 14 percent. Billerud's profit for the year amounted to 705 million Kronor (165).Earnings per share amounted to 6.84 Kronor (2.04). The Board of Directors proposes a dividend of 3.50 Kronor per share for 2010 (0.50).“I am happy, pleased and impressed by our performance during 2010," said Per Lindberg, CEO of Billerud. "Demand for our products showed a very strong increase during the year, and we can see that our focused approach has achieved results.""2010 is a year we can look back at and see that we successfully broke new ground," Lindberg continued. "This is particularly gratifying since our line of approach contradicts a widely held notion in the industry that large-scale operations are the key to success. Instead, I believe that the explanation for success is a strong focus on a single area – in our case selected packaging segments – and being in the forefront in development of material and solutions.""We approach 2011 with confidence and see good opportunities to continue to develop Billerud and create shareholder value from our strengthened position,” Per Lindberg concluded.