Sweden · Delayed Price · Currency is SEK Rottneros AB Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 EBITDA was SEK -36 million, mainly impacted by lower prices and a weaker U.S. dollar, while lower wood costs and fixed cost reductions provided some relief. Production was down 5% due to a cold winter, but management expects further improvements from continued cost control and lower wood prices.
Fiscal Year 2025
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Q3 2025 saw a sharp EBITDA decline due to weak pulp demand and high wood costs, but a SEK 300 million rights issue improved the balance sheet. Cost-saving programs and lower wood prices are expected to support recovery, with specialty pulp grades showing resilience.
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Sequential EBITDA improvement in Q2 2025 was offset by high raw material costs and a SEK 140 million asset write-down. A SEK 300 million rights issue strengthened the balance sheet, while cost-saving measures are expected to yield benefits from autumn onward.
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Stable production achieved in Q1 2025, but EBIT fell to SEK -62 million due to high wood costs, weak demand, and currency effects. Cost-saving measures and limited new investments are underway to restore profitability and protect cash flow.
Fiscal Year 2024
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Q4 EBIT was minus 28 million SEK, with full-year EBIT at 47 million SEK, supported by emission rights sales and despite high wood costs. Major investments were completed, no dividend is proposed, and the company is positioned for growth in tissue and sustainable packaging segments.
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The company reported stable operations and profitability despite rising fiber costs and a challenging pulp market. Major investments have boosted capacity and sustainability, with a positive outlook for 2025 volumes and stable energy costs due to effective hedging.
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Margins were squeezed by sharply higher wood costs, but softwood pulp demand and prices remained stable. Major investments are nearing completion, expected to boost efficiency and capacity, while the balance sheet remains strong despite high CapEx.
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Turnover rose 4% and EBIT reached SEK 30 million in Q2 2024, driven by record CTMP production and strong European demand. Investments in capacity and sustainability are on track, with CapEx guidance raised to SEK 430 million.