Billerud AB (OTCPK:BLRDF)

Q4 2025 Billerud AB (publ) Earnings Call Transcript

Jan 30, 2026 / 08:00 AM GMT

Release Date Price: $9.2 (-2.23%)

Transcript

Key Points

Positve

Billerud AB (BLRDF) reported a strong performance in North America with a 5% growth in net sales on a currency-neutral basis and a 20% EBITDA margin.
The company has successfully launched a cost reduction program in Europe, which is progressing as planned.
Billerud AB (BLRDF) is benefiting from falling pulp prices in the Nordic region, which is expected to provide significant cost relief in 2026.
The company is making progress on its evolution program in North America, aiming to shift its portfolio towards packaging materials with local US production.
Billerud AB (BLRDF) has maintained a strong balance sheet with a healthy cash flow and a proposed dividend of $0.02 per share.

Negative

The European market has been challenging for Billerud AB (BLRDF), with slow demand and oversupply affecting both net sales and profitability.
The company experienced a 14% decline in net sales in Q4 compared to the previous year, primarily due to lower sales in Europe.
Billerud AB (BLRDF) faced significant foreign exchange headwinds due to the strengthening of the Swedish krona.
The company is dealing with pricing pressure in Europe, particularly in the liquid packaging board segment.
Billerud AB (BLRDF) has exited a joint venture due to changed market conditions and lengthy political processes, resulting in a non-cash write-off.

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

BILL.ST - Billerud AB (publ)
Q4 2025 Billerud AB (publ) Earnings Call
Jan 30, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to the presentation of the pillar's 2025 year-end report. I'm joined by our President and CEO Elva Wattner, and our CFO Andre Crio.

They will present the results and afterwards open up for questions from the telephone conference.

With that, let's get started. Over to you, Ivan.

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

And thank you all for listening in this Friday morning.

2025 has come to an end, and also for this year.

It has been another eventful year with

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