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% +/–910
Exchange rates, SEK1 +/–10% –/+660
- of which related to EUR +/–10% –/+330
- of which related to USD +/–10% –/+250
- of which related to GBP +/–10% –/+80
Fibre price2 +/–10% –/+840
Electricity price3 +/–10% –/+85
Loan interest rate4 +/–1 percentage point –/+60

1 Excluding effects of currency hedging.
2 Pertains to wood and pulp.
3 Excluding effects of electricity price hedging.
4 Excluding effects of interest hedging.

 

Breakdown of operating costs, % 
Fibre (wood and external pulp) 36
Chemicals 10
Delivery expenses 10
Energy 4
Other variable costs 6
Employee benefit costs 16
Depreciation/amortisation 7
Other fixed costs 11
Total 100