Billerud's Outlook For Q2: Maintenance Shutdowns Estimated To Cost SEK 525 Million
April 24 (Reuters) -Billerud AB (publ) BILL.ST:
OUTLOOK FOR Q2: MAINTENANCE SHUTDOWNS ESTIMATED TO HAVE A COST IMPACT OF SEK 525 MILLION
OUTLOOK FOR Q2: INCREASED SALES PRICES EXPECTED TO OFFSET HIGHER INPUT COSTS MAINLY DRIVEN BY HIGHER PULPWOOD PRICES
DESPITE HEADWINDS OF HIGHER COSTS FOR ENERGY, LOGISTICS AND FIBER IN EUROPE, GROUP'S EBITDA MARGIN STRENGTHENED TO 11% MARKET SENTIMENT CLEARLY IMPROVED DURING QUARTER IN BOTH REGIONS
COMBINATION OF LONGER DELIVERY TIMES DUE TO RED SEA DIFFICULTIES AND STRIKES IN FINLAND BOTH HAVE AN IMPACT ON SUPPLY SITUATION
KEEPING A CLOSE EYE ON INVENTORY LEVELS THROUGHOUT SUPPLY CHAIN WILL BE CRITICAL.
SUCH EFFECTS ARE TEMPORARY AND WILL LIKELY LEAD TO STOCK BUILD-UP
WE EXPECT TO REACH ALL TIME HIGH PRICES IN Q2 ON SWEDISH-SOURCED PULPWOOD
SEVERAL PRICE INCREASES HAVE ALREADY BEEN IMPLEMENTED, AND WE WILL NEED TO DO MORE.
WE WILL CONTINUE TO PURSUE EFFICIENCIES IN ALL CORNERS OF OUR OPERATIONS AS WELL AS KEEPING STRICT COST DISCIPLINE FOR 2024
Source text for Eikon: ID:nWkr1dD1md
Further company coverage: BILL.ST
(Gdansk Newsroom)
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