Net sales split
*The Group’s EBITDA excluding EBITDA for Solutions & Other and for currency hedging etc
The packaging solutions of the future need to be climate-smart along the whole value chain – from raw material extraction to recycling. As we continue working towards our mission, we are in no doubt that wider society’s focus on sustainability boosts our competitiveness. Read more about external trends.
The long-term growth target is 3–4% per year. For 2020 the target was not reached, mainly due to challenging market conditions. net sales declined by 2%. Currency effects did not have material impact.
The EBITDA margin target of 17% has not been achieved during the last three years. During this period earnings have been negatively affected by the new board machine at Gruvön. In 2020 the profitability was also impacted by lower market prices.
Return on capital employed (ROCE) should exceed 13%. The target has not been reached during the last three years, primarly due to large investments at the Gruvön mill.
Interest-bearing net debt to adjusted EBITDA shall be less than 2.5. The target was reached in 2020. The sale of Bergvik Skog Öst in 2019 strengthened the financial position substantially.
|Yeae||Interest-bearing net debt/EBITDA|
The dividend shall amount to 50% of the net profit. For 2020 a dividend that is exceeding this target is proposed. The proposed dividend of SEK 4.30 per share is the same amount as the dividends for 2018 and 2019.
The target is to decrease the emissions of greenhouse gases (Scope 1 and 2) by 59% to 2030. The emissions have decreased by 10% since the base year 2016.
In 2020, the long-term injury frequency rate (LTIFR) for employees was 6.1 and the target for the year was not reached. During 2021 work continues to decrease the amount of accidents.
The target is that over 77% of customers should consider that BillerudKorsnäs’ work on sustainability creates value. The target was reached in 2019 and the customer survey is carried out bi-annually.