)
Visual
earnings real time
Billerud
Billerud (BILL) investor relations material
Billerud Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary30 Jan, 2026
Executive summary
North America achieved a 20% EBITDA margin in 2025, maintaining strong profitability, while Europe and Asia experienced significant declines in sales and EBITDA due to weak demand, oversupply, and pricing pressure.
Group net sales declined 7% year-over-year to SEK 40,488 million, mainly due to FX headwinds and lower volumes in Europe, partially offset by pricing.
Cost-saving measures and reduced investments were implemented, with a program targeting SEK 500 million in 2026 and SEK 800 million in annualized savings by end of 2026.
The Board proposes a dividend of SEK 2.00 per share, totaling approximately SEK 497–500 million.
Strong working capital discipline enabled excellent cash flow and improved cash conversion, despite lower profit.
Financial highlights
Adjusted EBITDA fell 19% year-over-year to SEK 4,176 million, with a margin of 10% for the year.
Adjusted operating profit (EBIT) dropped 43% to SEK 1,308 million, with a margin of 3%.
Q4 adjusted EBITDA dropped 43% to SEK 818 million, with a margin of 9%; Q4 net sales fell 19% to SEK 9,238 million.
Earnings per share for the year was SEK 2.86; Q4 EPS was SEK 1.22.
Cash flow from operating activities increased 5% to SEK 3,167 million for the year, but Q4 cash flow was SEK 418 million, down from SEK 1,719 million last year.
Outlook and guidance
North America expected to maintain strong performance in Q1 2026, while Europe and Asia continue to face weak demand and pricing pressure.
Pulpwood cost declines in the Nordics are expected to accelerate, providing significant cost relief from Q2 2026 onward.
Cost-saving program on track to deliver SEK 500 million in 2026, with SEK 40 million impact in Q1 and SEK 150 million in Q2; full annualized savings of SEK 800 million by end of 2026.
CapEx guidance for 2026 reduced to SEK 2.6 billion, with maintenance CapEx at SEK 2 billion and strategic CapEx focused on North America.
Higher planned maintenance costs and loss of free emission rights expected to impact results in 2026.
Next NA packaging portfolio evolution steps
Europe capacity rationalization strategy
2026 net impact of cost/revenue drivers
European overcapacity: Any mill closures planned?
What is 2026 packaging material sales target?
What is expected Q2 pulpwood cost relief magnitude?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- SOI
Q3 revenue €160m, up 18% sequentially, Edge & Cloud AI up 27%, Q4 set for 20% growth. - IFX
Q1 2026 revenue rose 7% year-over-year, driven by AI demand and increased investments. - ELS
2025 revenue soared 11x to $23M, with strong cash, major contracts, and a robust 2026 outlook. - V2RETAIL
Q3 FY26 saw 57% revenue and 99% PAT growth, with robust expansion and capital infusion. - UBSG
Net profit surged 53% in FY25, with integration and cost savings driving strong results. - 524348
Q3 FY26 revenue up 8% and PAT up 58%, with margin recovery and new projects ramping up. - BOTX
Record gold output and profit, with investments driving strong growth outlook for 2026. - BAJAJFINSV
Q3 FY26 profit was flat at ₹2,229 crore as strong growth was offset by one-time charges. - WAF
Sales and EBITDA fell, but 300 mm wafer demand grew as 2026 outlook remains challenging. - DEVYANI
Q3 FY26 saw double-digit revenue growth, margin gains, net losses, and major strategic changes.
Next Billerud earnings date
Q1 202628 Apr, 2026
Billerud
Next Billerud earnings date
Q1 202628 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
BillerudKorsnäs provides packaging materials and solutions for producers of consumer goods. It offers primary fiber-based packaging materials, such as folding boxes, sack paper, corrugated board and wrapping paper; secondary fiber-based packaging materials, including heavy duty corrugated board; and sustainable food service packaging, including cups and plates. The company also produces value added packaging materials with an integrated offering that includes design and development services, tooling, printing, surface coating, converting techniques such as scoring and die cutting as well.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage