Integration progressing better than planned

CEO Per Lindberg comments on the development during Q1 2013:
“The first full quarter as the new BillerudKorsnäs has come to an end and the
integration of the two companies is progressing very well. We have therefore
increased the target with SEK 200 million for our integration program to
approximately SEK 530 million in synergies, savings and increased efficiency.
Non-recurring costs for realising the synergies and savings will increase to
approximately SEK 200 million, but are clearly justified given the expected
savings. The sales process of PM2 in Gävle is also progressing according to plan
and we expect to be able to fulfill the requirements from EU concerning our
acquisition of Korsnäs.

Our adjusted operating profit for the quarter of SEK 432 million is in line with
expectations given current environment. The currency situation with a very
strong Swedish krona is putting high pressure on our operating profit and the
negative impact quarter on quarter is SEK 68 million. Given the strong krona, it
is pleasing to see that the integration generates positive savings effects
beyond our initial expectations.

The trading situation in the first quarter was somewhat slow but stable. The
market situation varied between our business areas, and while Packaging Paper
faced a slightly slower than normal market, Consumer Board experienced a more
satisfactory and normal market and the Containerboard’s market was rebounding
and strong. Overall, we are still waiting for a European pick-up, and as a
consequence increasing our sales efforts in emerging markets.”

For further information, please contact:
Per Lindberg, President and CEO +46 (0)8 553 335 00
Susanne Lithander, CFO, +46 (0)8 553 335 00
Sophie Arnius, Investor Relations & Financial Media Director, +46 (0)70 590 80
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The information is such that BillerudKorsnäs AB (publ) is obligated to publish
under the Swedish Securities Market Act. Submitted for publication at 07.02 CET,
23 April 2013.
BillerudKorsnäs – Packaging manufacturers and brand owners are offered added
value in the form of brand-strengthening, productivity-boosting and environment
-enhancing packaging solutions. BillerudKorsnäs has a world-leading market
position within primary fibre-based packaging paper. The company has annual
sales of around SEK 20 billion and is listed on NASDAQ OMX Stockholm.
www.billerudkorsnas.com