Q1 2025 Billerud AB (publ) Earnings Call Transcript
Key Points
- Billerud AB (FRA:BNF) reported a 7% net sales growth year-over-year, with positive contributions from both regions and almost all categories.
- The company achieved a significant profitability improvement, with EBITDA up 42% and a margin uplift of 2 percentage points.
- Region North America showed strong performance with a 21% EBITDA margin and 15% sales growth.
- Region Europe also improved profitability, achieving a 15% EBITDA margin, up 4 percentage points from the previous year.
- Billerud AB (FRA:BNF) reached a milestone by selling its first batch of locally produced container board in the US, indicating progress in its strategic objectives.
- The carton board and consumer luxury channel in Europe is still performing weaker with slower demand and excess capacity.
- The company faces uncertainty regarding tariffs and their long-term financial impact, which could alter trade flows and competitive dynamics.
- Input costs increased, primarily driven by pulpwood costs in the Nordics, and the strengthening of the Swedish krona posed a headwind.
- Region Europe experienced a decline in liquid packaging board volumes due to high inventory levels in Asia and slower demand.
- The company anticipates a heavy maintenance shutdown in Q2, with a cost impact of approximately SEK380 million, compared to SEK40 million in Q1.
Hello and welcome to Billerud's Q1 2025 presentation and thanks for joining us this morning.
Billerud's President and CEO, Ivar Vatne and our CFO, Andrei Kres will hold the presentation, and after that they will take questions from the conference call.
So by that, I would like to hand over to you Ivar. Please go ahead.
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Thank you, Lena, and good morning everyone, and thanks for listening in this Tuesday. I'm excited to present the Q1 results which we think represent an encouraging start of 2025 for Billerud. And we certainly have plenty of results we feel good about.
So let's get into it, please and next slide. 2025 is the first year of our way forward strategy. Hence, I'm excited to see so many of our outspoken priorities already going into the right direction. Recorded net sales growth, 7% versus a year ago with positive growth figures coming from both regions and almost all categories.
We make a significant
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