|Nettoomsättning per division||Procent|
2018 was the year when BillerudKorsnäs laid the foundation for the future, with focus on safety, stability and organisation. We are now accelerating the pace of innovation.
Net sales by divison
EBITDA split by division
|Fördelning EBITDA per division||Procent|
Long-term target for growth of 3–4% per year. The full year 2018 saw strong growth and the target was achieved due to higher selling prices and a positive currency impact.
The EBITDA margin should exceed 17%. The target was not achieved for the full year 2018 mainly due to higher raw material costs. If adjusted EBITDA is used the margin would be 15%.
Return on capital employed (ROCE) should exceed 13%. The target was not achieved for the full year 2018 due to higher raw material costs and large investments, mainly related to the new board machine KM7.
Long-term interest-bearing net debt in relation to EBITDA should be less than a multiple of 2.5. At the end of 2018 this multiple was 3.17, if adjusted EBITDA is used the number would be 2.68 (note 6).The multiple has increased mainly due to increased debt related to investments in the new board machine in Gruvön.
|Yeae||Interest-bearing net debt/EBITDA|
The dividend should amount to 50% of net profit. The Board’s proposed dividend of SEK 4.30 per share for 2018 entails fulfilment of the dividend target through paying out 86% of net income as dividend, and 56% using adjusted net profit.
BillerudKorsnäs’ sustainability work is all about taking responsibility through the entire value chain, creating greater customer value and contributing to the transition to a sustainable and bio-based society. Each of these three areas is coupled with a number of tangible, goal-oriented commitments to effectively drive our work on sustainability.