Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 3 highly experienced directors. 2 independent directors (7 non-independent directors). Independent Director Magnus Wikstrom was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Anuncio • Apr 25
Rottneros AB (publ), Annual General Meeting, May 27, 2026 Rottneros AB (publ), Annual General Meeting, May 27, 2026, at 14:00 W. Europe Standard Time. Location: rottneros karlstad office, lagergrens gata 2, karlstad, Sweden Anuncio • May 22
Rottneros Reduces the Workforce with 26 People Rottneros announced a reduction corresponding to 47 positions. The notice applied to both Rottneros Mill and Group functions. Anuncio • May 20
Rottneros AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 303.236699 million. Rottneros AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 303.236699 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 114,428,943
Price\Range: SEK 2.65
Transaction Features: Rights Offering Anuncio • May 02
Rottneros AB (publ) Ordinary Shares to Be Deleted from OTC Equity Rottneros AB (publ) Ordinary Shares (Cayman Islands) will be deleted from OTC Equity effective May 01, 2025, due to Inactive Security. Anuncio • Mar 27
Rottneros AB (Publ) Announces Management Changes As part of the ongoing downsizing process in Rottneros AB (publ), Group Management is being reduced from ten to seven positions. Nils Hauri, currently Director of Innovation and Strategic Projects, will become MD Rottneros Mill with special responsibility for the innovation area. HR and Communications Director Ida Mörtsell, who is currently acting MD Vallvik Mill, will become MD Vallvik Mill. She will continue to be responsible for strategic HR issues. Sofia Hidén, MD Rottneros Mill and Anders Persson, Director Strategic Development, are leaving Rottneros. Reported Earnings • Oct 24
Third quarter 2024 earnings released: EPS: kr0.18 (vs kr0.22 in 3Q 2023) Third quarter 2024 results: EPS: kr0.18 (down from kr0.22 in 3Q 2023). Revenue: kr685.0m (down 1.2% from 3Q 2023). Net income: kr28.0m (down 15% from 3Q 2023). Profit margin: 4.1% (down from 4.8% in 3Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Anuncio • Oct 11
Rottneros AB (publ), Annual General Meeting, Apr 10, 2025 Rottneros AB (publ), Annual General Meeting, Apr 10, 2025. Location: sunne Sweden Anuncio • Oct 10
Rottneros AB (Publ) Appoints Nomination Committee for AGM 2025 Rottneros AB (Publ) appointed the Nomination Committee for the Annual General Meeting 2025. The Nominating Committee shall consist of the Chairman of the Board and two additional members. The Chairman of the Board shall not chair the Committee. One of these two members, in addition to the Chairman of the Board, shall be appointed by the company’s largest shareholder and one shall be elected by one of the company’s other four largest shareholders. Neither of these two members may also be a Board member. The Nomination Committee for the Annual General Meeting 2025 comprises: Michal Jarczynski, appointed by Arctic Paper S.A., Stefan Sundh, appointed by PROAD AB, and Per Lundeen, Chairman of the Board Rottneros AB The Nomination Committee has appointed Michal Jarczynski as its Chairman. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: kr0.14 (vs kr0.22 in 2Q 2023) Second quarter 2024 results: EPS: kr0.14 (down from kr0.22 in 2Q 2023). Revenue: kr711.0m (up 4.4% from 2Q 2023). Net income: kr22.0m (down 35% from 2Q 2023). Profit margin: 3.1% (down from 5.0% in 2Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Anuncio • Apr 27
Rottneros AB (publ) Approves to Pay a Dividend Rottneros AB (publ) approved to pay a dividend of SEK 0.50 per share, or 63% of net profit in 2023. Reported Earnings • Apr 25
First quarter 2024 earnings released: kr0.013 loss per share (vs kr0.77 profit in 1Q 2023) First quarter 2024 results: kr0.013 loss per share (down from kr0.77 profit in 1Q 2023). Revenue: kr718.0m (down 3.5% from 1Q 2023). Net loss: kr2.00m (down 102% from profit in 1Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Mar 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Magnus Wikstrom was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 14
Upcoming dividend of kr0.50 per share Eligible shareholders must have bought the stock before 21 March 2024. Payment date: 27 March 2024. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.5%). Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: kr0.79 (vs kr3.70 in FY 2022) Full year 2023 results: EPS: kr0.79 (down from kr3.70 in FY 2022). Revenue: kr2.76b (down 7.3% from FY 2022). Net income: kr121.0m (down 79% from FY 2022). Profit margin: 4.4% (down from 19% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 2.9% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to grow by 3.1%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 27
Rottneros Introduces its Brand: Spring by Rottneros Rottneros introduced its brand; Spring by Rottneros - the same high-quality CTMP pulp as before but now with its own name. In connection with the brand introduction, the article structure is also simplified to harmonize with the usual way of classifying different CTMP qualities on the market. Spring by Rottneros is a quality primarily developed for the needs of the growing cardboard market and can also be adapted for a range of other special applications. It is approved for food contact and can be obtained as environmentally certified. Reported Earnings • Feb 02
Full year 2023 earnings released: EPS: kr0.79 (vs kr3.70 in FY 2022) Full year 2023 results: EPS: kr0.79 (down from kr3.70 in FY 2022). Revenue: kr2.79b (down 6.4% from FY 2022). Net income: kr121.0m (down 79% from FY 2022). Profit margin: 4.3% (down from 19% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 3.6% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: kr0.22 (vs kr0.91 in 3Q 2022) Third quarter 2023 results: EPS: kr0.22 (down from kr0.91 in 3Q 2022). Revenue: kr698.0m (down 9.1% from 3Q 2022). Net income: kr33.0m (down 76% from 3Q 2022). Profit margin: 4.7% (down from 18% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is expected to decline by 4.8% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to grow by 1.4%. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Anuncio • Sep 19
Rottneros AB (publ), Annual General Meeting, Mar 20, 2024 Rottneros AB (publ), Annual General Meeting, Mar 20, 2024. Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: kr0.22 (vs kr1.13 in 2Q 2022) Second quarter 2023 results: EPS: kr0.22 (down from kr1.13 in 2Q 2022). Revenue: kr681.0m (down 13% from 2Q 2022). Net income: kr34.0m (down 80% from 2Q 2022). Profit margin: 5.0% (down from 22% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €1.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 86%. Revenue is forecast to decline by 23% in 2 years. Earnings is forecast to decline by 67% in the next 2 years. Upcoming Dividend • Apr 24
Upcoming dividend of kr1.40 per share at 11% yield Eligible shareholders must have bought the stock before 01 May 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 11%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (5.8%). Valuation Update With 7 Day Price Move • Apr 18
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €1.21, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Forestry industry in Europe. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.22 per share. Reported Earnings • Mar 24
Full year 2022 earnings released Full year 2022 results: Revenue: kr2.98b (up 29% from FY 2021). Net income: kr565.0m (up 185% from FY 2021). Profit margin: 19% (up from 8.6% in FY 2021). Revenue is forecast to decline by 8.0% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Reported Earnings • Feb 05
Full year 2022 earnings released: EPS: kr3.70 (vs kr1.30 in FY 2021) Full year 2022 results: EPS: kr3.70 (up from kr1.30 in FY 2021). Revenue: kr2.98b (up 29% from FY 2021). Net income: kr565.0m (up 185% from FY 2021). Profit margin: 19% (up from 8.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 10% p.a. on average during the next 2 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 02
Rottneros AB (Publ) Proposes Dividend for the Year 2022 Rottneros AB (publ) proposed an increase in the ordinary dividend to SEK 0.50 (SEK 0.40) and an extra dividend of SEK 0.90 (SEK 0.20), a total of SEK 1.40 per share for the year 2022. Board Change • Jan 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Conny Mossberg was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Nov 15
Rottneros AB (publ) to Report Fiscal Year 2022 Results on Feb 02, 2023 Rottneros AB (publ) announced that they will report fiscal year 2022 results at 9:00 AM, Central European Standard Time on Feb 02, 2023 Anuncio • Oct 28
Rottneros AB Finalizes Redundancy Negotiations at Rottneros Mill Rottneros AB (publ) announced that redundancy negotiations at Rottneros Mill finalized. The decision to shut down the groundwood pulp line for printing paper at Rottneros Mill, led to a notice to reduce the number of employees by 40 people. The negotiations are finalized and 35 people will be made redundant. Of these, 17 employees have agreed to a pension solution and 18 have been dismissed. A total of 35 people will be made redundant when the new organization will be in effect from the turn of the year. The parties also agreed that those who turn 60 in 2022, or are older, would be offered a pension solution. An offer that all 17 concerned have accepted. This has led to only 18 people being made redundant. In connection with the notice given to the municipal Employment Service, Rottneros also initiated contact with the employment transition fund Trygghetsfonden. Those who have been made redundant will now be offered support to move on to another job or further studies. Trygghetsfonden provides individually adapted solutions. Anuncio • Oct 15
Rottneros AB (publ), Annual General Meeting, Apr 27, 2023 Rottneros AB (publ), Annual General Meeting, Apr 27, 2023. Anuncio • Aug 16
Rottneros AB Announces to Discontinue the Production of Groundwood Pulp in Rottneros Mill Rottneros AB announced that Board of Directors has decided to discontinue the production of groundwood pulp in Rottneros Mill as there are no prospects for long-term sustainable profitability. The decision means that about 40 people will be made redundant. The cost of the closure is expected to amount to approximately 60 MSEK. Production is expected to cease at the end of 2022, following the conclusion of trade union negotiations which are now beginning. The extensive strategic analysis carried out by the company shows that the prospects for long-term sustainable profitability are insufficient for groundwood pulp. Partly due to the dramatically changed situation on the electricity market with very high and highly volatile prices as a result. Partly a structurally decreasing demand for the end products where groundwood pulp is used, mainly printing and writing paper, which makes it difficult to reach a sufficiently high price level. The Group's electricity needs will be affected by a closure of the groundwood line, but also by increased CTMP production. As a result, the Group's portfolio of electricity futures will be adjusted, and surpluses will be realized at current market prices. The value of the Group's electricity futures is high, meaning that the profit impact from the closure is estimated to be substantially lower than the cost of the closure. Anuncio • Aug 13
Rottneros AB (publ) Announces Change in CFO, Effective September 5, 2022 Rottneros AB (publ) announced that Pia Ohlson has decided to leave her position as CFO as of 5 September 2022. As CFO, Pia Ohlson has been a member of group management in Rottneros. Monica Pasanen will take over as new CFO on 5 September 2022. She has previously held the same position in Rottneros. Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: kr1.13 (vs kr0.48 in 2Q 2021) Second quarter 2022 results: EPS: kr1.13 (up from kr0.48 in 2Q 2021). Revenue: kr807.0m (up 36% from 2Q 2021). Net income: kr172.0m (up 132% from 2Q 2021). Profit margin: 21% (up from 13% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 2.9% compared to a 6.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Buying Opportunity • Jun 18
Now 21% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be €1.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 1.5% in 2 years. Earnings is forecast to decline by 22% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 16% share price gain to €1.50, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 9x in the Forestry industry in Europe. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.61 per share. Buying Opportunity • May 07
Now 22% undervalued Over the last 90 days, the stock is up 24%. The fair value is estimated to be €1.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 1.5% in 2 years. Earnings is forecast to decline by 22% in the next 2 years. Board Change • May 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Conny Mossberg was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: kr0.75 (vs kr0.033 in 1Q 2021) First quarter 2022 results: EPS: kr0.75 (up from kr0.033 in 1Q 2021). Revenue: kr665.0m (up 23% from 1Q 2021). Net income: kr114.0m (up kr109.0m from 1Q 2021). Profit margin: 17% (up from 0.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.7%, compared to a 7.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 22
Upcoming dividend of kr0.60 per share Eligible shareholders must have bought the stock before 29 April 2022. Payment date: 05 May 2022. Trailing yield: 4.8%. Within top quartile of German dividend payers (3.8%). Higher than average of industry peers (3.1%). Reported Earnings • Feb 10
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr1.30 (up from kr0.33 loss in FY 2020). Revenue: kr2.30b (up 10.0% from FY 2020). Net income: kr198.0m (up kr248.0m from FY 2020). Profit margin: 8.6% (up from net loss in FY 2020). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to stay flat compared to a 4.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Recent Insider Transactions • Feb 09
CEO & President recently bought €107k worth of stock On the 7th of February, Lennart Eberleh bought around 101k shares on-market at roughly €1.06 per share. This was the largest purchase by an insider in the last 3 months. This was Lennart's only on-market trade for the last 12 months.