Sweden's Billerud Q3 sales rise on higher volumes, pricing

By Reuters News


Overview

  • Sweden packaging materials producer's Q3 net sales rose 3% yr/yr to SEK 10.2 bln

  • Adjusted EBITDA for Q3 fell 2% yr/yr to SEK 1.03 bln, margin narrowed to 10%

  • Company cites positive pricing, improved Europe profitability, and North America asset upgrades


Outlook

  • Company expects stable market conditions in both regions for Q4 2026

  • Billerud anticipates positive pricing to offset higher input costs in Q4

  • Company expects reduced impact from maintenance shutdowns in Q4


Result Drivers

  • SALES VOLUME INCREASE - Co said currency-neutral net sales grew 2% mainly due to higher sales volumes

  • POSITIVE PRICING IMPACT - Co said price increases in both regions offset input cost inflation from higher energy prices

  • COST SAVINGS - Co said lower pulpwood costs and fixed cost savings helped profitability


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

SEK 10.17 bln

Q3 Adjusted EBITDA

SEK 1.03 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the paper packaging peer group is "buy"

  • Wall Street's median 12-month price target for Billerud AB (publ) is SEK90.00, about 7.5% above its October 21 closing price of SEK83.70

  • The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 29 three months ago


Reuters Recommended Reads

  • Oct 21 - Packaging Corp Q3 adjusted EPS beats estimates on acquired Greif operations

  • Oct 21 - Sonoco Products Q3 sales miss estimates on lower volume, weak food can demand

  • Oct 19 - Crown Holdings FY adj diluted EPS outlook points to deceleration


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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