First-quarter results provide evidence of strength

CEO Per Lindberg comments on the development during Q1 2014:

“We have started the year in a good way by delivering a strong result for the
first quarter without any major hick-ups in our operations. Our adjusted
operating profit reached SEK 555 million and our margin was 10%. The cash flow
was quite strong and we are back on a net debt/equity level of 0.78 even after
the consolidation of Bomhus Energi AB.

We experienced some price reductions compared to the previous quarter within the
business areas Packaging Paper and Containerboard, primarily within the sack and
fluting product groups. But the demand was good and mix, volume and currency
improvement offset the price effects. The price pressure that we have
anticipated from increased capacity on the market has not been realised yet and
perhaps we have overestimated the impact. Time will tell.

Our integration efforts are moving forward relentlessly and we continue to
realise synergies as planned for 2014. The pace of realisation is expected to
slow down though as the activities now mostly contain implementation of new
systems and ways of working. Integration continues to be a high priority, and we
are setting the foundation of a new common culture by starting implementation of
our corporate values.

In our quest to reach our long-term financial targets and 15-20% organic growth
by 2018, we have stated that we within our financial policy would focus on
restoring margins, pay down debt and manage our capital employed. I think we
clearly show that we are moving forward on this path. We see improved margins as
an effect of synergy realisation and our net debt/equity ratio has come down
further. Our working capital improvement project is moving into implementation
and many activities are being performed to reach a working capital level of 10%
of sales. From our asset review we are developing the plans regarding our future
asset structure, plans that will be communicated in due time.”

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

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,
24 April 2014.
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