Billerud AB (OTCPK:BLRDF)

Q3 2025 Billerud AB (publ) Earnings Call Transcript

Oct 23, 2025 / 06:30 AM GMT

Release Date Price: $8.78

Transcript

Key Points

Positve

Billerud AB (BLRDF) reported strong performance in North America with a 4% currency-neutral net sales growth and a solid EBITDA margin of 16%.
The company maintained strong cash conversion and cash delivery, significantly ahead in cash generation compared to the previous year.
A new cost-saving program targeting annual savings of 800 million was announced, expected to have a significant impact by the end of 2026.
The strategic direction in North America remains clear, with progress in evolving the product portfolio towards packaging materials.
Billerud AB (BLRDF) is seeing favorable conditions in the US market, particularly in graphic paper, with increased customer interest following US import tariffs.

Negative

Net sales declined by 8% year-over-year, primarily due to currency impacts and lower sales volume in Europe.
Weak market conditions persist in Europe, with expectations of continued challenges in Q4.
The company faces high raw material cost inflation, particularly in energy and pulpwood costs in Europe.
Planned maintenance shutdowns at three mills had a significant cost impact, affecting profitability.
There is a significant oversupply in the European market, particularly in board products, leading to lower operating rates and pricing pressure.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BILL.ST - Billerud AB (publ)
Q3 2025 Billerud AB (publ) Earnings Call
Oct 23, 2025 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Belarus Q3 2025 earnings call. As usual, our President and CEO Eva Batner and our CFO Andre Crees will give you an overview of the results and the highlights in the third quarter.

The presentation will be followed by a Q&A session. So with that, I hand over to Eva to begin.

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Unidentified_2 [2]
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Thank you, Lena, and good morning, everyone.

And thanks for listening in this early Thursday morning.

Yet again, it's a tale of two stories for a quarterly report.

Summarize the quite well in the

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