Billerud reports sequentially improved profitability and strong cash conversion
Net sales decreased to SEK 9,834 million, adjusted EBITDA margin 7%, with strong North America sales growth and cost savings on track.
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Paper and packaging materials manufacturer
billerud.comLast updated
In short: Billerud reported improved profitability and strong cash conversion while navigating market challenges in Europe with cost-saving measures.
Net sales decreased to SEK 9,834 million, adjusted EBITDA margin 7%, with strong North America sales growth and cost savings on track.
The meeting approved a dividend of SEK 2.00 per share and re-elected board members, including electing Bernd Eikens as new member.
Net sales fell 11% to SEK 9,825 million. EBITDA margin dropped to 5%. North America performed strongly; Europe faced challenges. Cost-saving program delivered SEK 100 million impact.
The meeting occurs on 26 May in Stockholm, with postal voting option. Agenda covers reports, dividend of SEK 2.00 per share, board elections, and share programs.
Swedbank sees several signs of improvement in the forestry sector and predicts an upside of 44 percent in the Billerud stock.
SB1 raises the target price to SEK 110 from SEK 76.95 and repeats its buy recommendation.
The Stockholm Stock Exchange closed in an irregular trend on Friday, as the reporting season peaked with a large number of heavyweights on stage.
Billerud's CEO Ivar Vatne comments on the company's quarterly report and outlook.
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