BillerudKorsnäs AB (publ) Q2 2025 Earnings | 07/18/2025

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BillerudKorsnäs AB (publ) reported its Q2 2025 results on July 18, 2025, marking a quarter of mixed regional performance. The company delivered robust results in North America, while Europe continued to face challenging conditions amid soft demand and evolving market dynamics. For the quarter, net sales declined by 5% year-over-year to SEK 10,244 million, though currency-neutral net sales remained flat versus the previous year. Adjusted EBITDA totaled SEK 912 million, reflecting a margin of 9%, consistent with Q2 2024. Operating profit was SEK 188 million, and net profit reached SEK 55 million, yielding earnings per share of SEK 0.22. Key Financial and Strategic Highlights: North America performed exceptionally with a 22% EBITDA margin, the strongest since late 2022, driven by volume growth and higher prices in coated freesheet paper. The U.S. region’s capacity utilization rate improved to 76%, while overall volume growth in North America offset declines in Europe. Europe’s results were affected by weaker market demand, new production capacity, and tariff shifts altering trade flows. Maintenance shutdowns at several European sites impacted earnings by around SEK 380 million for the quarter. Group-wide, cash conversion was excellent at 131%, and cash flow from operations more than doubled versus the first half of 2024, highlighting BillerudKorsnäs’s focus on financial discipline and efficiency. Market Developments and Outlook: Conditions in the North American division remain solid, with strong demand for graphic and specialty paper expected to continue in Q3. In Europe, market softness is set to persist into the next quarter, particularly within fiber-based packaging due to both oversupply and cautious consumer spending. Input costs stabilized, and pulpwood prices in the Nordics began to decline, which is expected to offer some cost relief heading into the second half of the year. CEO Ivar Vatne emphasized the company’s top priority of maximizing cash generation, ongoing adaptation of production schedules, and rigorous fixed cost discipline. The evolution program in North America continues to exceed expectations, while the group’s operational resilience is supported by flexibility and tight working capital management. Looking ahead, BillerudKorsnäs expects continued strength in the North American region, ongoing headwinds in Europe, and a primary focus on delivering operational efficiencies and strong cash flow for the remainder of 2025. About Inside Ticker: For expert earnings analysis, market insights, and in-depth coverage on BillerudKorsnäs AB (publ) and other global packaging leaders, follow Inside Ticker and visit InsideTicker.com for the latest reports and commentary. Hashtags: #BillerudKorsnäs #Q22025 #Earnings #FinancialResults #Packaging #NorthAmerica #Europe #EBITDA #NetSales #Profitability #CashFlow #OperationalExcellence #MarketOutlook #GraphicPaper #SpecialtyPaper #Innovation #SupplyChain #CostDiscipline #InvestorUpdate #BusinessUpdate #InsideTicker #SEK #Sustainability #Pulpwood #PackagingIndustry #Maintenance #VolumeGrowth #TradeFlows #Production #MarketUpdate #Q2Results