July 12, 2024
Billerud AB (publ) (OTCPK:BLRDY) This autumn 2023 Earnings Convention Name January 25, 2024 3:00 AM ET

Firm Members

Lena Schattauer – Head, Investor Relations

Ivar Vatne – Chief Govt Officer

Andrei Kres – Chief Monetary Officer

Convention Name Members

Linus Larsson – SEB

Robin Santavirta – Carnegie

Cole Hathorn – Jefferies

Christian Kopfer – Handelsbanken

Johannes Grunselius – DNB Markets

Martin Melbye – ABG

Lena Schattauer

Good morning, and welcome to this webcasted Convention Name about Billerud’s Fourth Quarter and Yr-Finish Outcomes. As ordinary, our President and CEO, Ivar Vatne; and our CFO, Andrei Kres, are right here to carry the presentation. And after their presentation, there will probably be a Q&A session.

So, after this temporary introduction, we’ll now get began. So, please Ivar, go forward.

Ivar Vatne

Thanks, Lena, and good morning, everybody, and thanks for becoming a member of. So, we’ll undergo a number of the highlights and key financials for each the quarter and for 2023 in complete.

I feel the headline says all of it for a way a abstract of how 2023 has turned out. And I’ll give just a little bit extra context. So, let’s transfer into the following slide, please. And there’s no doubt that 2023 was a particularly tough 12 months and a 12 months that, in some ways, has been a little bit of a hangover from 2022 and characterised by uncommon excessive inventories throughout the worth chain. This has led to low gross sales quantity and together with gross sales worth strain and better enter prices, it has worn out many of the profitability in comparison with final 12 months.

Now, on this difficult market context, it’s crucial to maintain sturdy management of things we are able to affect. And there are two explicit gadgets that I’m happy with and the way we handle to drive a very good efficiency. Primary, holding a continued shut eye