Interim report
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• BILLERUDKORSNÄS Interim report January - March 2021 Sales growth driving EBITDA performance KEY HIGHLIGHTS Strong net sales Ramp - up at Gruvön ( KM7 ) reached EBITDA break - even Excellent production quarter with increased operational efficiencies Q1 2021 QUARTERLY DATA • • • Net sales grew by 2 % to SEK 6 520 million ( 6 364 ) . Excluding currency effects net sales grew by 5 % Adjusted EBITDA * increased by 27 % to SEK 1 003 million ( 791 ) , mainly due to the ramp - up at Gruvön Operating profit amounted to SEK 528 million ( 280 ) Net profit was SEK 377 million ( 164 ) Earnings per share amounted to SEK 1.82 ( 0.79 ) KEY FIGURES * SEKM Net sales Adjusted EBITDA Operating profit Adjusted operating profit Net profit from continuing operations Adjusted EBITDA , % Adjusted operating profit margin , % Adjusted ROCE , % Operating cash flow after operative investments Interest - bearing net debt / adjusted EBITDA , multiple OUTLOOK Stable and improved market conditions Positive price adjustments in several segments Selective cost increases for raw materials and transport Continued cost and efficiency measures Q1 Q1 Q4 2021 2020 Change 2020 Change 6 520 6 364 2 % 5 803 12 % 1 003 791 27 % 568 77 % 528 280 89 % 163 224 % 528 305 73 % 90 487 % 377 164 130 % 242 56 % 15 % 12 % 10 % 8 % 5 % 2 % 4 % 3 % 3 % 165 -438 943 1.8 2.3 2.0 * For key figures and a reconciliation of alternative performance measures including adjusted EBITDA , adjusted operating profit , adjusted EBITDA margin , adjusted operating profit margin , adjusted ROCE and interest - bearing net debt / adjusted EBITDA , see pages 16-18 and page 6 for operating cash flow after operative investments . For further information , please contact : Ivar Vatne , CFO , +46 8 553 335 07 Lena Schattauer , Head of Investor Relations , +46 8 553 335 10 This information constituted inside information prior to publication . This is information that BillerudKorsnäs AB ( publ ) is obliged to make public pursuant to the EU Market Abuse Regulation . The information was submitted for publication , through the agency of the contact persons set out above , at 07.00 CET on 27 April 2021 .