Interim report January-March 2006

Quarter Full year 2006 2005 2005 I IV I 2005 Net turnover, MSEK 1 785 1 742 1 739 6 823 Operating profit/loss, MSEK 64 81 66 -200 Operating margin, % 4 5 4 -3 Profit/loss after financial items, MSEK 43 60 49 -278 Net profit/loss, MSEK 32 61 35 -183 Earnings per share, SEK 0.63 1.19 0.68 -3.56 2006 compared with same period in 2005 • Net turnover rose 3% to reach MSEK 1,785 (1,739). • Net profit fell by 9% to MSEK 32 (35). • Earnings per share were SEK 0.63 (0.68). • Improved market situation meant price rises were possible. • Operating profit reached MSEK 64 (66). Rises in Billerud’s prices and an improved currency situation could not fully compensate for significantly higher energy and wood prices. • New organisation based on business areas introduced in first quarter. Outlook for 2006 • Continued good market situation will enable further price increases. • Costs for wood materials, energy and chemicals remain high. • Programme of cost reductions for energy and organisation continues according to plan. For further information in connection with this report, please contact: Per Lindberg, President and CEO, +46 8 553 335 00 or +46 70 248 15 17 and Bertil Carlsén, CFO, +46 8 553 335 00 or +46 730 211 092 Billerud’s President Per Lindberg and CFO Bertil Carlsén will present the interim report live at a press conference at 10. a.m. on Thursday 4 May. Location: Spårvagnshallarna, Birger Jarlsgatan 57 A, Stockholm.