Q4 2023 Billerud AB (publ) Earnings Call Transcript

Jan 25, 2024 / 08:00AM GMT
Operator

Good morning, and welcome to this webcasted Conference Call about Billerud's Fourth Quarter and Year-End Results. As usual, our President and CEO, Ivar Vatne; and our CFO, Andrei Kres, are here to hold the presentation. And after their presentation, there will be a Q&A session.

So after this brief introduction, we will now get started. So please everyone, go ahead.

Ivar Vatne Billerud AB-CEO -

Thank you, Lena, and good morning, everyone, and thank you for joining. So, we will go through some of the highlights and key financials for both the quarter and for 2023 in total. I think the headline says it all for how a summary of how 2023 has turned out. And I'll give a little bit more context. So, let's move into the next slide, please.

And there is no doubt that 2023 was an extremely difficult year and a year that, in many ways has been a bit of a hangover from 2022 and characterized by unusual high inventories across the value chain. This has led to low sales volume and in combination with sales price pressure and higher input costs,

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