Sensitivity analysis

BillerudKorsnäs is affected by the general economic climate, changes in exchange rates and other factors more specific to the Company. BillerudKorsnäs actively seeks to minimise risk through preventive measures. Wherever this is not possible, risk is hedged or insured against.

Sensitivity analysis

    Approximate effects
on earnings before tax
 
Variable Change SEKm
Sales volume +/–10% +/–900
Exchange rates SEK* +/–10% –/+640
Fibre price +/–10% –/+700
Price of electricity** +/–10% –/+40
Interest rate on loans*** +/–1 pctg point –/+28

*Excluding effects of currency hedging.
**Excluding effects of electricity price hedging.
***Excluding effects of interest hedging.

 

An approximate breakdown of BillerudKorsnäs' operating costs, % 
Fibre (wood and external pulp) 34
Chemicals 9
Customer delivery expenses 10
Energy 4
Other variable costs 5
Employee benefits expense 17
Depreciation/amortisation 8
Other fixed costs 13
Total 100