The forestry company Billerud reports an operating profit of 171 million kronor for the second quarter of the year. This can be compared to the loss of 496 million kronor during the corresponding quarter last year.
The adjusted operating profit of 1 billion kronor was better than expected according to Bloomberg's compilation of forecasts, where the average forecast landed at just under 660 million kronor.
Net sales increased by 8 percent to 10.8 billion kronor, which was also more than expected.
According to Billerud, it appears that market conditions are "improving somewhat" in the third quarter.
"Positive price and mix effects compensate for higher input costs," the company writes.
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