Billerud AB

Billerud reported marked margin and cash-flow improvements for Q2 2026: adjusted EBITDA rose q/q by 26% to SEK 661m, the EBITDA margin increased to 7% and cash conversion climbed to 97%. Operating cash flow more than doubled to SEK 643m, while net sales of SEK 9,834m were stable q/q but down 4% year-on-year. Weak prices in Europe and a planned maintenance shutdown weighed on results, yet investors viewed progress on the cost‑saving program positively, sending the stock significantly higher. » More on de.investing.com

Billerud reports a 4% revenue decline in the second quarter to SEK 9.83 billion and an adjusted EBITDA of SEK 661 million with a margin of 7% (previous year 9%). The company posted a net loss of SEK 64 million (SEK 0.26 per share) and an operating result of minus SEK 58 million, hit by a maintenance shutdown and the loss of emissions certificates. North America recorded currency-adjusted revenue growth of 11% thanks to higher deliveries and price adjustments, while in Europe lower prices and volumes weighed on results. Billerud achieved cost savings of SEK 150 million and expects positive price effects and stable input costs in Q3, but continues to see uncertain conditions in Europe. » More on de.investing.com

Billerud recorded an 11% revenue decline in the first quarter to SEK 9.83 billion despite a 9% volume increase. The adjusted EBITDA margin fell from 13% to 5%; adjusted EBITDA was SEK 525 million. In Europe, profitability was hit by price pressure, overcapacity, lower selling prices, higher maintenance costs, the loss of emissions allowances and cost inflation, while North America remained strong. The cost-savings program contributed +SEK 100 million; targets are SEK 150 million in fixed-cost savings in Q2 and SEK 550 million for 2026. For Q2, Billerud expects challenging markets in Europe and plans broad-based price increases in both regions. » More on de.investing.com

Billerud reports for Q4 2025 a net sales decline of 19% to SEK 9,238 million, an adjusted EBITDA of SEK 818 million (-43%) and an EBIT of SEK 123 million (-83%); the share fell by around 14% as a result. Regional differences shaped the outcome: North America delivered an EBITDA margin of 20% with stable utilization, while Europe (63% of sales) suffered from weak demand and only a 6% margin. Management aims for annual savings of SEK 800 million in 2026, to cut investments to SEK 2.6 billion and proposes a dividend of SEK 2.00. For Q1 2026 Billerud expects continued strength in North America but ongoing price and demand pressure in Europe and Asia. » More on de.investing.com

Billerud reported an 8% decline in sales for Q3 2025 to SEK 9,905 million, but improved the adjusted EBITDA margin sequentially from 9% to 11%. The North American business showed volume growth and contributed to a strong cash conversion rate of 139%, while Europe suffered from overcapacity and weak demand. Management announced a cost-saving program with annual savings of SEK 800 million and up to 650 job cuts; CAPEX forecasts for 2025/26 were lowered to SEK 2.9 billion each. Net debt fell and the net debt/EBITDA ratio improved; lower pulpwood prices could provide further relief from Q4. » More on de.investing.com