MENU HOME INVESTORS 2020 IN BRIEF 2020 IN BRIEF We challenge conventional packaging for a sustainable future Download the full report Start Our targets Key events Strategy Product Area Overview Innovation Sustainability Download the pdf Christoph Michalski, President and CEO: "The year 2020 was an extraordinary period in which the COVID-19 pandemic threatened people's health, lives and livelihoods around the world. Our hearts go out to all those who have been affected by serous illness, the passing of loved ones or financial hardship". 23,9 NET SALES, SEK BN 2,7 EBITDA, SEK BN Read CEO's Statement (pdf) Net sales split Product area Board 57% Product area Paper 32% Solutions and Other 11% EBITDA split* Product area Board 64% Product area Paper 36% *The Group’s EBITDA excluding EBITDA for Solutions & Other and for currency hedging etc Key figures External trends OUR TARGETS To support BillerudKorsnäs’ target for profitable growth and a good return for shareholders, the company has established five financial targets, and highlights three targets related to sustainable development. Growth target EBITDA margin Return on capital employed Interest-bearing net debt/EBITDA Dividend policy Reduced CO2 emissions Accident rate own employees Customer survey KEY EVENTS Streamlined organisation A new organisational structure was introduced to pave the way for increased efficiency. The new organisation follows the new business flow. Christoph Michalski new President and CEO In November, Christoph Michalski took over as the new President and CEO of BillerudKorsnäs. Significant progress for the new machine at Gruvön BillerudKorsnäs’ new board machine in Gruvön, with its annual capacity of 550 000 tonnes, began producing coated material during the year. Recognition for sustainability BillerudKorsnäs maintained its leading position in the Dow Jones Sustainability Index for the third year in a row. STRATEGY Strategy for profitable growth Global trends show that our mission to challenge conventional packaging for a sustainable future is highly relevant. The focus over the next few years is on improving profitability and delivering on our initiatives for profitable growth. Our strategy PRODUCT AREA OVERVIEW Product Area Board The Board product area includes liquid packaging board, cartonboard and containerboard, which are mainly used to produce packaging for liquid food, consumer products and fragile industrial products and food. 57% NET SALES, SEKM 1,855 EBITDA, SEKM Product Area Board Product Area Paper The Paper product area includes premium quality kraft and sack paper, which is mainly used in packaging for medical applications, dry food and the construction industry. 32% NET SALES, SEKM 1,035 EBITDA, SEKM Product Area Paper INNOVATIVE PACKAGING SOLUTIONS Our expertise in functional and sustainable packaging solutions makes us well equipped to create value further up the value chain, enabling us to meet brand owners’ demands for innovative packaging solutions and custom, full-service solutions. Managed Packaging – custom solutions for global brands Through Managed Packaging, BillerudKorsnäs offers custom packaging solutions, based on our own materials and those of others, plus ancillary services to global brand owners and retail chains with production in Asia. Our packaging expertise is an enormous asset as we optimise solutions for lower resource consumption or apply our design know-how to the creation process. Read more Recyclable Flow Wrap – new packaging standard for confectionery BillerudKorsnäs is breaking new ground with the launch of a Recyclable Flow Wrap that enables a switch from plastic to barrier-coated paper when packaging confectionery products. The packaging solution offers medium to high barrier performance, as well as meeting the needs of brand owners and legislators under pressure to reduce waste and increase recycling. Read more Paper-based bottles Another of our investment companies is Paboco®, a joint venture between BillerudKorsnäs and the bottle manufacturer ALPLA. Paboco’s remit is to develop and commercialise a sustainable and recyclable paper bottle, and the brands Coca-Cola, Absolut, Carlsberg and L’Oréal have joined us on the development journey. Read more Venture - Investments in future solutions Through BillerudKorsnäs Venture, we invest in promising start-ups with a focus on sustainable packaging solutions, in order to create value and increase knowledge about solutions further up the value chain. We invest with a long-term perspective and work actively on the companies’ development. Read more SUSTAINABILITY A circular and sustainable society is our driving vision. Demand for sustainable packaging solutions that not only minimise the carbon footprint, but also fit into a circular economy, is increasing. Our focus areas The three focus areas – safety first, climate impact and materials for the future – are all strategically crucial to our future competitiveness and our capacity to make a real difference. The focus areas are supported by ongoing work on sustainability which encompasses a number of fundamental sustainability issues that we need to tackle, follow up and report on in all manner of ways. Our sustainability work A sustainable and responsible value chain A circular and sustainable society is the driving vision of BillerudKorsnäs. Working proactively on sustainability throughout the value chain and manufacturing packaging materials and solutions that are climate-efficient and recyclable means that we are constantly improving our capacity to challenge conventional packaging. Sustainability foundation BillerudKorsnäs’ Annual General Meeting 2021 will be held on 5 May. In view of the continuing coronavirus pandemic, the AGM will be conducted in accordance with a postal voting procedure. Read more in the linked text. Annual General Meeting 2021 Download the full annual and sustainability report 2020 Download the pdf SHARE About us Our Offer Sustainability Investors Media Career Contact External privacy notice Terms of use FOLLOW US Close