BillerudKorsnäs to Present New Strategy at Capital Market Days

Nov. 16, 2021 - On November 17, BillerudKorsnäs will participate in a Capital Markets Day in Stockholm, Sweden, during which the company's new strategy will be presented.

"BillerudKorsnäs has an incredible opportunity at the sweet spot of trends supporting a growing demand for our renewable, high-quality products made of primary fibres," said Christoph Michalski, President and CEO of BillerudKorsnäs. "We have developed a strategic direction around how to reach a profitable and sustainable revenue growth to 2030."

BillerudKorsnäs' new strategy focuses on attractive markets with good growth opportunities and product segments where the company has a strong ability to compete.

• Whilst Europe will remain the main market, new business opportunities will be explored, specifically for paperboard in the Americas.
• To maximise the organic growth opportunity operational efficiency will be critical. Therefore, the annual investments in mill maintenance and development are expected to reach SEK 1.5-1.7 billion until 2025.
• Possibilities to increase production capacity at the group's existing facilities or via acquisitions will be evaluated.
• Transformation towards a professional sourcing organisation for wood supply is an integral part of the strategy with the aim to build long term partnerships to secure a competitive fibre availability.
• Additional structural savings under the current cost and efficiency programme is estimated to amount to SEK 130 million during 2022.

BillerudKorsnäs is a leading producer of primary fibre-based packaging materials with customers in over 100 countries. The company has 8 production units in Sweden, Finland and the UK and about 4,500 employees in over 13 countries. To learn more, please visit: www.billerudkorsnas.com.

SOURCE: BillerudKorsnäs