Sweden's Billerud Q3 sales rise on higher volumes, pricing
Sweden's Billerud Q3 sales rise on higher volumes, pricing
Overview
Sweden packaging materials producer's Q3 net sales rose 3% yr/yr to SEK 10.2 bln
Adjusted EBITDA for Q3 fell 2% yr/yr to SEK 1.03 bln, margin narrowed to 10%
Company cites positive pricing, improved Europe profitability, and North America asset upgrades
Outlook
Company expects stable market conditions in both regions for Q4 2026
Billerud anticipates positive pricing to offset higher input costs in Q4
Company expects reduced impact from maintenance shutdowns in Q4
Result Drivers
SALES VOLUME INCREASE - Co said currency-neutral net sales grew 2% mainly due to higher sales volumes
POSITIVE PRICING IMPACT - Co said price increases in both regions offset input cost inflation from higher energy prices
COST SAVINGS - Co said lower pulpwood costs and fixed cost savings helped profitability
Company press release: ID:nWkr62TB40
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| SEK 10.17 bln |
|
Q3 Adjusted EBITDA |
| SEK 1.03 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the paper packaging peer group is "buy"
Wall Street's median 12-month price target for Billerud AB (publ) is SEK90.00, about 7.5% above its October 21 closing price of SEK83.70
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 29 three months ago
Reuters Recommended Reads
Oct 21 - Packaging Corp Q3 adjusted EPS beats estimates on acquired Greif operations
Oct 21 - Sonoco Products Q3 sales miss estimates on lower volume, weak food can demand
Oct 19 - Crown Holdings FY adj diluted EPS outlook points to deceleration
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)