Q3 2025 Svenska Cellulosa Aktiebolaget SCA Earnings Call Transcript
Key Points
- Svenska Cellulosa AB (SVCBF) achieved an EBITDA of SEK1.64 billion, resulting in a strong EBITDA margin of 33% for the third quarter.
- The company maintained a high degree of self-sufficiency in strategic areas, which helped mitigate higher costs, particularly in wood raw materials.
- Delivery volumes in the Containerboard segment increased, driven by the ramp-up of the Obbola containerboard mill.
- The company reported a stable supply of wood raw materials due to higher harvesting levels from its own forest.
- Svenska Cellulosa AB (SVCBF) expects electricity prices to remain low, which is beneficial as a net buyer of electricity.
- The Pulp segment experienced substantially lower prices compared to the same period last year, impacting overall sales.
- Planned maintenance stops in pulp and containerboard were more extensive, leading to increased costs.
- The uncertain market situation, dominated by changing tariffs, continues to affect market conditions negatively.
- The market for solid wood products remains slow, with high stock levels among producers, especially for pine.
- Currency effects had a negative impact on financial results, contributing to a decrease in net sales and EBITDA.
Good morning, and welcome to this presentation of SCA's 2025 third quarter results. With me here today, I have President and CEO, Ulf Larsson; and CFO, Andreas Ewertz, to go through the results and take your questions.
Over to you, Ulf.
Thank you, Anders. And also from my side, a good morning. Happy to present results for the third quarter '25. So -- and when I summarize the quarter, we can state that SCA continued to deliver a solid result in a rather challenging environment. Our high degree of self-sufficiency in strategic areas continued to be an important factor to mitigate higher costs, not the least related to wood raw materials. Our EBITDA reached SEK1.64 billion and by that, an EBITDA margin of 33% for the third quarter. In Q3 '25, we had substantially lower prices in the Pulp segment in comparison with the same period last year.
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