Paper and Forest Products
Company Overview of Iggesund Paperboard AB
Iggesund Paperboard AB manufactures and markets virgin fiber paperboard for use in the packaging and graphics sectors. It offers multilayered solid bleached boards and multilayered folding box boards. The company was founded in 1685 and is based in Iggesund, Sweden. Iggesund Paperboard AB operates as a subsidiary of Holmen Aktiebolag (publ).
Iggesund, 825 30
Founded in 1685
Key Executives for Iggesund Paperboard AB
Chief Executive Officer and President
President of US Operations
Compensation as of Fiscal Year 2016.
Iggesund Paperboard AB Key Developments
Iggesund Paperboard Announces Executive Changes
Feb 16 17
Iggesund Paperboard appointed Daniel Peltonen as new head of business area. He will take up the post on 1 April 2017. Daniel Peltonen is currently mill manager at Hallsta Paper Mill, which is part of the Holmen Group. Over his long career at Holmen, he has also worked at the mill in Madrid and at Braviken Paper Mill. The head of the Iggesund Paperboard business area is part of Group management and reports to Holmen's President and CEO. Johan Abrahamsson, currently head of operations at Hallsta Paper Mill, will take over as mill manager.
Iggesund Paperboard Reports Earnings Results and Operating Results for the Fourth Quarter and Full Year of 2015
Feb 5 16
Iggesund Paperboard reported earnings results and operating results for the fourth quarter and full year of 2015. For the quarter, the company reported net sales of SEK 1,255 million compared to SEK 1,320 million a year ago. EBITDA was SEK 276 million compared to SEK 352 million a year ago. Operating profit was SEK 151 million compared to SEK 229 million a year ago. Return on operating capital was 9% compared to 13% a year ago.
For the quarter, the company reported paperboard production of 120,000 tonnes compared to 127,000 tonnes a year ago.
For the year, the company reported net sales of SEK 5,472 million compared to SEK 5,113 million a year ago. EBITDA was SEK 1,346 million compared to SEK 1,161 million a year ago. Operating profit was SEK 847 million compared to SEK 674 million a year ago. Return on operating capital was 12% compared to 10% a year ago.
For the year, the company reported paperboard production of 502,000 tonnes compared to 500,000 tonnes a year ago.
Iggesund Paperboard Announces Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 5 15
Iggesund Paperboard announced earnings and production results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net sales of SEK 1,439 million against SEK 1,310 million a year ago. EBITDA was SEK 410 million against SEK 387 million a year ago. Operating profit was SEK 285 million against SEK 263 million a year ago.
For the nine months, the company reported net sales of SEK 4,217 million against SEK 3,793 million a year ago. EBITDA was SEK 1,069 million against SEK 810 million a year ago. Operating profit was SEK 696 million against SEK 446 million a year ago. The improvement was due to
reduced production costs, higher deliveries and a weaker Swedish krona.
For the quarter, the company reported paper board production of 132,000 tonnes compared to 133,000 tonnes a year ago.
For the nine months, the company reported paper board production of 382,000 tonnes compared to 373,000 tonnes a year ago.
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