Q1 2026 Svenska Cellulosa Aktiebolaget SCA Earnings Call Transcript
Key Points
- Svenska Cellulosa AB (SVCBF) achieved a record high result in the Renewable Energy segment, driven by strong electricity prices and a favorable market for liquid biofuels.
- The new wind farm in Jamtland started operations and contributed to high profitability within the Renewable Energy segment.
- The company maintained a high degree of self-sufficiency in strategic areas, which helped mitigate higher costs.
- Svenska Cellulosa AB (SVCBF) reported a 23.4% EBITDA margin for the first quarter, demonstrating strong operational performance despite market challenges.
- The company successfully ramped up production at its biorefinery in Gothenburg, achieving record production levels and exceeding design capacity.
- Net sales decreased by 8% to SEK4.7 billion, impacted by lower prices and negative currency effects.
- EBITDA decreased by 33% to SEK1.1 billion, driven by lower prices, negative currency effects, and high costs for wood raw materials.
- The pulp segment experienced a significant decline in EBITDA, down 88%, due to lower prices and negative currency effects.
- The containerboard segment saw a 56% drop in EBITDA, affected by lower prices, negative currency effects, and higher energy costs.
- The solid wood products market remained slow, with a 13% decrease in sales compared to the same quarter last year, and an EBITDA margin drop from 16% to 4%.
Good morning, and welcome to this presentation of SCA's 2026 first-quarter report. 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 for that, Anders. And also from my side, a very good morning. So despite the increase in costs and the continued challenging market for forest Industrial Products, we delivered SEK1.1 billion on EBITDA level and by debt to EBITDA margin of 23% for the first-quarter.
Segment Renewable Energy had a record high result during the first-quarter, and that was driven by electricity prices, strong deliveries and also a very good market for liquid biofuels. Our new wind farm located in Jamtland, started operations during the quarter and contributed to a high profitability within the segment. And our high degree of self-sufficiency in strategic areas
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