View ValuationBillerud 将来の成長Future 基準チェック /36Billerud利益と収益がそれぞれ年間87%と2.6%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に4.7% 87%なると予測されています。主要情報87.0%収益成長率87.00%EPS成長率Packaging 収益成長36.3%収益成長率2.6%将来の株主資本利益率4.72%アナリストカバレッジGood最終更新日24 Jul 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesReported Earnings • Jul 18Second quarter 2026 earnings released: kr0.26 loss per share (vs kr0.22 profit in 2Q 2025)Second quarter 2026 results: kr0.26 loss per share (down from kr0.22 profit in 2Q 2025). Revenue: kr9.89b (down 3.5% from 2Q 2025). Net loss: kr64.0m (down 216% from profit in 2Q 2025). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.お知らせ • Jul 17Billerud AB (Publ) Announces Andreas Mattsson Leaves as EVP Legal & Strategic ProjectsBillerud AB (publ) announced Andreas Mattsson, EVP Legal & Strategic Projects, will leave Billerud no later than 31 December 2026 for a position in another company. The recruitment of his replacement will begin immediately.お知らせ • Jul 04+ 3 more updatesBillerud AB (publ) to Report Q2, 2027 Final Results on Jul 16, 2027Billerud AB (publ) announced that they will report Q2, 2027 final results on Jul 16, 2027Board Change • May 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Andreas Blaschke was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 27Billerud AB (Publ) Approves Dividend for the Year 2025, Payable on 2 June 2026Billerud AB (publ) announced at annual general meeting held on May 26, 2026, the shareholders approved resolved to distribute a dividend to the shareholders of SEK 2.00 per share for the year 2025. The record date for the dividend was set to 28 May 2026, and the dividend is estimated to be paid out on 2 June 2026.お知らせ • May 26Billerud AB (Publ) Approves Board AppointmentsBillerud AB (publ) announced at annual general meeting held on May 26, 2026, the shareholders approved to elect Bernd Eikens as new Board member. The Annual General Meeting also resolved to elect Magnus Nicolin as Chairman of the Board.Declared Dividend • May 20Dividend of kr2.00 announcedShareholders will receive a dividend of kr2.00. Ex-date: 27th May 2026 Payment date: 2nd June 2026 Dividend yield will be 34%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings) nor is it covered by cash flows (243% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 618% to bring the payout ratio under control. EPS is expected to grow by 551% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Apr 07Billerud AB (publ) Announces Jan Svensson Leaves as Chairman of Board, Effective 26 May 2026Billerud AB (publ) announced that Jan Svensson, current Chairman of the Board of Billerud, will be leaving the Board in connection with the Annual General Meeting 2026 to be held on 26 May 2026.お知らせ • Feb 24Billerud AB (publ) to Report Fiscal Year 2025 Final Results on Apr 01, 2026Billerud AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 01, 2026お知らせ • Jan 30Billerud AB Proposes Dividend for 2025The Board of Directors of Billerud AB (publ) proposed a dividend of SEK 2.00 per share (3.50), corresponding to 70% of the net profit.お知らせ • Jan 16Billerud AB (publ) to Report Q3, 2026 Results on Oct 22, 2026Billerud AB (publ) announced that they will report Q3, 2026 results on Oct 22, 2026お知らせ • Sep 23Billerud AB (publ), Annual General Meeting, May 19, 2026Billerud AB (publ), Annual General Meeting, May 19, 2026.お知らせ • Jul 18Billerud AB (Publ) Announces Executive ChangesBillerud AB (publ) announced Ulrika Wedberg, Executive Vice President Sustainability & Public Affairs, will leave Billerud on 30 September, 2025. She will be succeeded by Sofia Hedevåg, who will assume this role on 1 December 2025 and who presently holds the position as Senior Vice President Sustainability and member of the Group Management in Gränges.お知らせ • Jul 02+ 2 more updatesBillerud AB (publ) to Report Q2, 2026 Results on Jul 16, 2026Billerud AB (publ) announced that they will report Q2, 2026 results on Jul 16, 2026お知らせ • May 20+ 1 more updateBillerud AB (publ) Approves Dividend for 2024, Payable on May 27, 2025Billerud AB (publ) at its Annual General Meeting held on 20 May 2025, adopted the 2024 annual report and resolved to distribute a dividend to the shareholders of SEK 3.50 per share. The record date for the dividend was set to 22 May 2025, and the dividend is estimated to be paid out on 27 May 2025.お知らせ • Apr 14Billerud AB (Publ) Proposes Dividend, Payable on 27 May 2025Billerud AB (publ) at its annual general meeting to be held on 20 May 2025, proposed a dividend of SEK 3.50 per share. The dividend is estimated to be paid out to the shareholders on 27 May 2025.お知らせ • Feb 08Billerud AB (publ) to Report Fiscal Year 2024 Final Results on Mar 27, 2025Billerud AB (publ) announced that they will report fiscal year 2024 final results on Mar 27, 2025お知らせ • Jan 14Billerud AB (publ) to Report Q3, 2025 Results on Oct 23, 2025Billerud AB (publ) announced that they will report Q3, 2025 results on Oct 23, 2025お知らせ • Dec 20Billerud Appoints Jaakko Nikkilä as President, Billerud Europe and Member of the Group Management TeamBillerud announced the appointment of Jaakko Nikkilä as President, Billerud Europe and member of the Group Management Team. Jaakko Nikkilä holds the position of Executive Vice President at UPM, heading the business area Specialty Paper with global sales of around EUR 1.5 billion, until year-end. Jaakko Nikkilä has extensive experience in both international sales and production of fiber-based packaging materials. He has been employed by the UPM Group since 1995 and served as a member of the UPM Group Executive Team since 2019. Jaakko Nikkilä, born 1967, is a Finnish citizen. He will assume the position as President of Billerud Europe on 1 May 2025 and will be based in Stockholm. As previously announced, Matthew Hirst will leave Billerud on 31 January 2025. Ivar Vatne will act as the interim President of Region Europe from 1 February to 30 April.Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: kr2.27 (vs kr2.64 in 3Q 2023)Third quarter 2024 results: EPS: kr2.27 (down from kr2.64 in 3Q 2023). Revenue: kr10.8b (up 6.0% from 3Q 2023). Net income: kr565.0m (down 14% from 3Q 2023). Profit margin: 5.2% (down from 6.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.お知らせ • Oct 15+ 1 more updateBillerud AB (publ), Annual General Meeting, May 20, 2025Billerud AB (publ), Annual General Meeting, May 20, 2025.お知らせ • Sep 18Billerud Appoints Doug Schwartz as President Billerud North America and Member of the Group Management Team, Effective 30 September 2024Billerud has appointed Doug Schwartz as President Billerud North America and member of the company's Group Management Team, effective 30 September 2024. Doug Schwartz has extensive experience in the U.S. forest and paper industry, including serving in key leadership roles at companies such as Sonoco Products Company (Sonoco), International Paper and Champion International Corporation. He most recently held the position of Vice President and General Manager, Rigid Paper Containers at Sonoco.Reported Earnings • Jul 22Second quarter 2024 earnings released: EPS: kr0.25 (vs kr1.94 loss in 2Q 2023)Second quarter 2024 results: EPS: kr0.25 (up from kr1.94 loss in 2Q 2023). Revenue: kr10.8b (up 8.1% from 2Q 2023). Net income: kr63.0m (up kr544.0m from 2Q 2023). Profit margin: 0.6% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 20% per year.お知らせ • Jul 16+ 2 more updatesBillerud AB (publ) to Report Q4, 2024 Results on Jan 30, 2025Billerud AB (publ) announced that they will report Q4, 2024 results on Jan 30, 2025お知らせ • Jun 15Billerud Announces Executive ChangesBillerud announced that Kevin Kuznicki, President, Billerud North America and member of the Group Management Team, is leaving the company to pursue other ventures, effective 14 June 2024. Tor Lundqvist, Deputy President and Senior Vice President of Operations for North America will assume the role of Acting President, Billerud North America until a successor is appointed. The recruitment process for a new President, Billerud North America will start immediately, and a successor will be announced in due course.Board Change • Jun 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Andreas Blaschke was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 23+ 1 more updateBillerud AB (Publ) Approves Dividend for 2023, Payable on 28 May 2024Billerud AB (publ) at the Annual General Meeting held on 21 May 2024 adopted the 2023 annual report and resolved to distribute a dividend to the shareholders of SEK 2.00 per share. The record date for the dividend was set to 23 May 2024, and the dividend is estimated to be paid out on 28 May 2024.Upcoming Dividend • May 15Upcoming dividend of kr2.00 per shareEligible shareholders must have bought the stock before 22 May 2024. Payment date: 28 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.4%).Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: kr1.26 (vs kr2.57 in 1Q 2023)First quarter 2024 results: EPS: kr1.26 (down from kr2.57 in 1Q 2023). Revenue: kr10.4b (down 9.3% from 1Q 2023). Net income: kr313.0m (down 51% from 1Q 2023). Profit margin: 3.0% (down from 5.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.お知らせ • Apr 12Jan Åström Declines Re-Election to Board of Billerud AB (publ)Billerud AB (publ) announced that Jan Åström has declined re-election to the board at the annual general meeting 2024 to be held on May 21, 2024.Reported Earnings • Mar 28Full year 2023 earnings released: EPS: kr1.95 (vs kr20.13 in FY 2022)Full year 2023 results: EPS: kr1.95 (down from kr20.13 in FY 2022). Revenue: kr41.3b (down 3.2% from FY 2022). Net income: kr484.0m (down 90% from FY 2022). Profit margin: 1.2% (down from 11% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Declared Dividend • Jan 31Dividend of kr2.00 announcedShareholders will receive a dividend of kr2.00. Ex-date: 22nd May 2024 Payment date: 28th May 2024 Dividend yield will be 24%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it covered by cash flows (440% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. EPS is expected to grow by 126% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.New Risk • Jan 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 440% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin).Reported Earnings • Jan 26Full year 2023 earnings released: EPS: kr1.95 (vs kr20.13 in FY 2022)Full year 2023 results: EPS: kr1.95 (down from kr20.13 in FY 2022). Revenue: kr41.5b (down 2.7% from FY 2022). Net income: kr484.0m (down 90% from FY 2022). Profit margin: 1.2% (down from 11% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.お知らせ • Jan 25Billerud AB Proposes Dividend for 2023Billerud AB (publ) announced that the The Board proposes a dividend for 2023 of SEK 2.00 per share, 65% of the adjusted net profit.お知らせ • Jan 15Billerud Aktiebolag Appoints Robert Pletzin as Head of Media Relations, Effective April 1, 2024Billerud Aktiebolag announced that As of April 1, 2024 Robert Pletzin assumes the role of Head of Media Relations at Billerud. Robert brings extensive experience in leading press positions from companies with international operations, along with a background as a financial journalist. Robert joins from his previous position as the Head of Media Relations at Swedavia and also holds experience from leading press roles at Vattenfall. Additionally, he has worked as a financial reporter at Dagens Industri, Nyhetsbyrån Direkt and as a correspondent for the news agency Reuters.お知らせ • Dec 20Billerud AB (publ) Appoints Andrei Krés as CFOAndrei Krés has been appointed as the new CFO of Billerud. Andrei has been the acting CFO since August 2023 and will assume the permanent role immediately. Andrei Krés joined Billerud in 2011 and has since then held several different positions within the company including Head of Group Treasury, Vice President of Group Finance and since August 2023 as acting CFO.お知らせ • Dec 01+ 1 more updateBillerud AB (Publ) Appoints Ivar Vatne as PresidentThe Board of Billerud has appointed Ivar Vatne to be the President and CEO of Billerud. Ivar Vatne has been acting President and CEO since July 2023 and enters the permanent position with immediate effect. Ivar Vatne started as CFO in Billerud in May 2019. He was appointed Deputy CEO in October 2022. Since July 2023, he has been the acting President and CEO of Billerud. Ivar has a background from senior positions within Arla, Fiskars and P&G.Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €8.54, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Packaging industry in Europe. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.27 per share.Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: kr2.64 (vs kr5.42 in 3Q 2022)Third quarter 2023 results: EPS: kr2.64 (down from kr5.42 in 3Q 2022). Revenue: kr10.3b (down 14% from 3Q 2022). Net income: kr656.0m (down 51% from 3Q 2022). Profit margin: 6.4% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: kr2.64 (vs kr5.42 in 3Q 2022)Third quarter 2023 results: EPS: kr2.64 (down from kr5.42 in 3Q 2022). Revenue: kr10.3b (down 14% from 3Q 2022). Net income: kr656.0m (down 51% from 3Q 2022). Profit margin: 6.4% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.New Risk • Oct 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 23x cash flows per share). Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin).お知らせ • Sep 23+ 1 more updateBillerud Aktiebolag Announces Nomination Committee for cAnnual General Meeting 2024Billerud Aktiebolag announced that In accordance with the resolution by the Annual General Meeting of Billerud, the Chairman of the Board of Directors has convened a Nomination Committee for the Annual General Meeting 2024, appointed by the major shareholders in the company. The Nomination Committee consists of Anders Oscarsson, appointed by AMF Pension & Funds, Michael M.F. Kaufmann, appointed by Frapag Beteiligungsholding AG, Thomas Wuolikainen, appointed by Fourth Swedish National Pension Fund and Oscar Bergman, appointed by Swedbank Robur Funds.Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €7.97, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Packaging industry in Europe. Total loss to shareholders of 28% over the past three years.お知らせ • Aug 26+ 3 more updatesBillerud AB (publ) to Report Q3, 2024 Results on Oct 24, 2024Billerud AB (publ) announced that they will report Q3, 2024 results on Oct 24, 2024お知らせ • Aug 18+ 1 more updateBillerud AB (Publ) Announces Management ChangesBillerud AB (publ) announced that Matthew Hirst, previously EVP Commercial, has been appointed President of Billerud Europe and will lead the new European organization consisting of Commercial, Operations and Procurement & Wood Supply functions. Kevin Kuznicki remains President of the North American organization. In addition, Andrei Krés, has been appointed as acting CFO and will be part of the Group Management Team. Andrei Krés holds a bachelor's degree in business and economics from Lund University and has held various positions in Billerud, most recently as the Vice President of the Group Finance function.お知らせ • Jul 29Billerud AB Announces Retirement of Christoph Michalski as CEOBillerud AB (publ) board announced that the company's President and CEO Christoph Miclski is leaving the CEO role a at Billerud, with immediate effect. Michalski has held the position of CEO since November 2020. The board of Billerud has appointed the current CFO and deputy CEO, Ivar Vatne, as acting CEO. Ivar Vatne joined the company as CFO in May 2019 and has also been deputy CEO since October 2022. Before Billerud, Ivar has a background from senior positions within Arla, Fiskars and P&G. The recruitment of a new CEO will start up immediately.Buying Opportunity • Jul 22Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €8.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to decline by 0.2% per annum. Earnings is forecast to grow by 9.8% per annum over the same time period.New Risk • Jul 21New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Dividend per share is over 23x cash flows per share. Dividend yield: 6.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 23x cash flows per share). Profit margins are more than 30% lower than last year (5.4% net profit margin).Reported Earnings • Jul 20Second quarter 2023 earnings released: kr1.94 loss per share (vs kr6.83 profit in 2Q 2022)Second quarter 2023 results: kr1.94 loss per share (down from kr6.83 profit in 2Q 2022). Revenue: kr10.0b (down 12% from 2Q 2022). Net loss: kr481.0m (down 134% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.お知らせ • Jul 15Mimir Invest AB signed an agreement to acquire Billerud Managed Packaging Ab from Billerud AB (publ) (OM:BILL).Mimir Invest AB signed an agreement to acquire Billerud Managed Packaging Ab from Billerud AB (publ) (OM:BILL) on July 13, 2023.The transaction is expected to be completed during August 2023.Managed Packaging has 143 employees in Asia, Europe and USA, and had in 2022 net sales of SEK 770 million,reported under the segment Solutions & Other.Board Change • Jun 04High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Regi Aalstad was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • May 31Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €7.15, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Packaging industry in Europe. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.16 per share.お知らせ • May 25+ 1 more updateBillerud Aktiebolag (Publ) Resolves to Pay Dividend , Payable on 31 May 2023Billerud Aktiebolag (publ) resolved to distribute a dividend to the shareholders of SEK 5.50 per share and an extraordinary dividend of SEK 2.00 per share (SEK 7.50 in total per share). The record date for the dividend was set to Friday 26 May 2023, and the dividend is estimated to be paid out on Wednesday 31 May 2023.Upcoming Dividend • May 18Upcoming dividend of kr7.50 per share at 5.7% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%).Recent Insider Transactions • Apr 28President & CEO recently bought €132k worth of stockOn the 26th of April, Christoph Michalski bought around 16k shares on-market at roughly €8.46 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christoph has been a buyer over the last 12 months, purchasing a net total of €225k worth in shares.Reported Earnings • Apr 06Full year 2022 earnings releasedFull year 2022 results: Net income: kr4.59b (up 209% from FY 2021). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Packaging industry in Europe.お知らせ • Jan 28+ 1 more updateBillerud AB (Publ) Declares Extraordinary Dividend for Fiscal Year 2022Billerud AB (publ) declares extraordinary dividend of SEK 2.00 per share for fiscal year 2022. The proposal entails a total share dividend of approximately SEK 1,863 million, corresponding to around 41% of the net profit. The proposed record day is 26 May 2023.Reported Earnings • Jan 28Full year 2022 earnings released: EPS: kr20.13 (vs kr7.18 in FY 2021)Full year 2022 results: EPS: kr20.13 (up from kr7.18 in FY 2021). Revenue: kr43.0b (up 64% from FY 2021). Net income: kr4.59b (up 209% from FY 2021). Profit margin: 11% (up from 5.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jan Astrom was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Oct 26Third quarter 2022 earnings releasedThird quarter 2022 results: Net income: kr1.35b (up 182% from 3Q 2021). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Packaging industry in Europe.お知らせ • Oct 25Billerud Aktiebolag Appoints Ivar Vatne as Deputy CEOBillerud Aktiebolag announced Ivar Vatne has been appointed Deputy CEO of Billerud. He retains his current role as Chief Financial Officer (CFO). The Board of Directors of Billerud has appointed Ivar Vatne to Deputy CEO in addition to his current responsibilities as CFO. Deputy CEO is a newly created position reflecting the increased scope of the Billerud Group. Ivar Vatne is since 2019 CFO of Billerud. Previously, he has been CFO of Arla Foods UK Ltd. and of Arla Foods AB, Vice President Finance Europe region at Fiskars and held various finance positions in Procter & Gamble. He has a MSc in Economics from the Norwegian School of Economics.お知らせ • Sep 17+ 1 more updateBillerudKorsnäs AB (publ) Announces Nomination committee for the 2023 Annual General MeetingIn accordance with the resolution by the Annual General Meeting of BillerudKorsnäs, the Chairman of the Board of Directors has convened a Nomination Committee for the Annual General Meeting 2023, appointed by the major shareholders in the company. The Nomination Committee consists of Tomas Risbecker, appointed by AMF Pension & Funds, Michael M.F. Kaufmann, appointed by Frapag Beteiligungsholding AG, Thomas Wuolikainen, appointed by Fourth Swedish National Pension Fund and Lennart Francke, appointed by Swedbank Robur Funds.お知らせ • Aug 23+ 3 more updatesBillerudKorsnäs AB (publ) to Report Q1, 2023 Results on Apr 26, 2023BillerudKorsnäs AB (publ) announced that they will report Q1, 2023 results on Apr 26, 2023Reported Earnings • Jul 21Second quarter 2022 earnings releasedSecond quarter 2022 results: Net income: kr1.42b (up 356% from 2Q 2021).お知らせ • Jun 03BillerudKorsnäs AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 3.497589 billion.BillerudKorsnäs AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 3.497589 billion. Security Name: Shares Security Type: Common Stock Securities Offered: 41,391,588 Price\Range: SEK 84.5 Transaction Features: Rights OfferingRecent Insider Transactions • May 29Independent Director recently bought €127k worth of stockOn the 27th of May, Jan Astrom bought around 10k shares on-market at roughly €12.73 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €601k more in shares than they have sold in the last 12 months.Recent Insider Transactions • May 17President & CEO recently bought €93k worth of stockOn the 11th of May, Christoph Michalski bought around 7k shares on-market at roughly €12.72 per share. In the last 3 months, they made an even bigger purchase worth €111k. Christoph has been a buyer over the last 12 months, purchasing a net total of €301k worth in shares.Board Change • May 13Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jan Astrom was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • May 12+ 1 more updateBillerudKorsnäs AB (publ) Announces Board AppointmentsBillerudKorsnäs AB (publ) announced that at the AGM was held on 10 May 2022, the company approved the appointment of Florian Heiserer and Magnus Nicolin as new Board members.Reported Earnings • May 06First quarter 2022 earnings released: EPS: kr4.27 (vs kr1.82 in 1Q 2021)First quarter 2022 results: EPS: kr4.27 (up from kr1.82 in 1Q 2021). Revenue: kr7.46b (up 14% from 1Q 2021). Net income: kr884.0m (up 135% from 1Q 2021). Profit margin: 12% (up from 5.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 39%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • May 04Upcoming dividend of kr4.30 per shareEligible shareholders must have bought the stock before 11 May 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.1%). In line with average of industry peers (2.8%).お知らせ • Apr 23BillerudKorsnäs AB (publ) to Report Q1, 2022 Results on Apr 26, 2022BillerudKorsnäs AB (publ) announced that they will report Q1, 2022 results on Apr 26, 2022Reported Earnings • Apr 11Full year 2021 earnings released: EPS: kr7.18 (vs kr3.27 in FY 2020)Full year 2021 results: EPS: kr7.18 (up from kr3.27 in FY 2020). Revenue: kr26.3b (up 9.8% from FY 2020). Net income: kr1.49b (up 120% from FY 2020). Profit margin: 5.6% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.お知らせ • Apr 09Billerudkorsnäs Proposes Dividend, Payable 17 May 2022The board of BillerudKorsnäs AB (publ) proposes a dividend of SEK 4.30 per share. The record date for the payment shall be 12 May 2022. The last trading day in the BillerudKorsnäs share including the right to receive payment of dividend will be 10 May 2022, and the first trading day in the BillerudKorsnäs share not including a right to receive payment of dividend will be 11 May 2022. If the annual general meeting resolves in accordance with the proposal, the dividend is estimated to be paid out to the shareholders on 17 May 2022.お知らせ • Apr 05BillerudKorsnäs AB (publ) to Report Fiscal Year 2021 Final Results on Apr 08, 2022BillerudKorsnäs AB (publ) announced that they will report fiscal year 2021 final results on Apr 08, 2022業績と収益の成長予測DB:BNF - アナリストの将来予測と過去の財務データ ( )SEK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202841,4311,3881,4314,026712/31/202740,6061,1271,1473,576712/31/202639,4452211,0193,20276/30/202638,899-42-2892,305N/A3/31/202639,309772052,855N/A12/31/202540,5857115113,167N/A9/30/202542,8321,2132,1084,468N/A6/30/202543,7251,8411,7673,923N/A3/31/202544,2451,8491,2633,408N/A12/31/202443,5671,7475933,030N/A9/30/202441,6836117303,527N/A6/30/202441,0957021,2454,171N/A3/31/202440,2841587293,824N/A12/31/202341,3564841133,290N/A9/30/202343,7551,754-4282,766N/A6/30/202345,3592,445583,583N/A3/31/202346,8144,3452,1945,736N/A12/31/202242,7164,5903,4996,829N/A9/30/202237,2573,9703,4796,291N/A6/30/202231,9593,1003,2185,464N/A3/31/202227,1371,9922,3994,281N/A12/31/202126,2951,4852,3663,892N/A9/30/202125,3641,4072,6273,990N/A6/30/202124,4589822,3783,605N/A3/31/202124,0898891,6842,852N/A12/31/202023,9426761,0812,331N/A9/30/202024,1297176212,139N/A6/30/202024,352742-2601,620N/A3/31/202024,428724N/A1,439N/A12/31/201924,5241,011N/A2,319N/A9/30/201924,5701,037N/A1,526N/A6/30/201924,7911,323N/A2,451N/A3/31/201924,396990N/A2,420N/A12/31/201823,7891,037N/A2,502N/A9/30/201823,5071,096N/A2,933N/A6/30/201822,9971,246N/A2,980N/A3/31/201822,6991,735N/A3,861N/A12/31/201722,4381,638N/A3,316N/A9/30/201722,3151,407N/A3,980N/A6/30/201722,1641,394N/A3,857N/A3/31/201722,0031,438N/A3,594N/A12/31/201621,7241,518N/A3,742N/A9/30/201621,4521,581N/A3,284N/A6/30/201621,5371,803N/A3,223N/A3/31/201621,5871,800N/A3,090N/A12/31/201521,8641,811N/A3,658N/A9/30/201521,7591,933N/A3,653N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: BNFは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 1.9% ) よりも高い成長率であると考えられます。収益対市場: BNF今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: BNF今後 3 年以内に収益を上げることが予想されます。収益対市場: BNFの収益 ( 2.6% ) German市場 ( 6.7% ) よりも低い成長が予測されています。高い収益成長: BNFの収益 ( 2.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: BNFの 自己資本利益率 は、3年後には低くなると予測されています ( 4.7 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/05 18:58終値2026/08/05 00:00収益2026/06/30年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Billerud AB (publ) 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。12 アナリスト機関null nullABG Sundal CollierPatrick LangstromABG Sundal Collier SponsoredJustin JordanBNP Paribas9 その他のアナリストを表示
Reported Earnings • Jul 18Second quarter 2026 earnings released: kr0.26 loss per share (vs kr0.22 profit in 2Q 2025)Second quarter 2026 results: kr0.26 loss per share (down from kr0.22 profit in 2Q 2025). Revenue: kr9.89b (down 3.5% from 2Q 2025). Net loss: kr64.0m (down 216% from profit in 2Q 2025). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 17Billerud AB (Publ) Announces Andreas Mattsson Leaves as EVP Legal & Strategic ProjectsBillerud AB (publ) announced Andreas Mattsson, EVP Legal & Strategic Projects, will leave Billerud no later than 31 December 2026 for a position in another company. The recruitment of his replacement will begin immediately.
お知らせ • Jul 04+ 3 more updatesBillerud AB (publ) to Report Q2, 2027 Final Results on Jul 16, 2027Billerud AB (publ) announced that they will report Q2, 2027 final results on Jul 16, 2027
Board Change • May 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Andreas Blaschke was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 27Billerud AB (Publ) Approves Dividend for the Year 2025, Payable on 2 June 2026Billerud AB (publ) announced at annual general meeting held on May 26, 2026, the shareholders approved resolved to distribute a dividend to the shareholders of SEK 2.00 per share for the year 2025. The record date for the dividend was set to 28 May 2026, and the dividend is estimated to be paid out on 2 June 2026.
お知らせ • May 26Billerud AB (Publ) Approves Board AppointmentsBillerud AB (publ) announced at annual general meeting held on May 26, 2026, the shareholders approved to elect Bernd Eikens as new Board member. The Annual General Meeting also resolved to elect Magnus Nicolin as Chairman of the Board.
Declared Dividend • May 20Dividend of kr2.00 announcedShareholders will receive a dividend of kr2.00. Ex-date: 27th May 2026 Payment date: 2nd June 2026 Dividend yield will be 34%, which is higher than the industry average of 2.9%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings) nor is it covered by cash flows (243% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 618% to bring the payout ratio under control. EPS is expected to grow by 551% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Apr 07Billerud AB (publ) Announces Jan Svensson Leaves as Chairman of Board, Effective 26 May 2026Billerud AB (publ) announced that Jan Svensson, current Chairman of the Board of Billerud, will be leaving the Board in connection with the Annual General Meeting 2026 to be held on 26 May 2026.
お知らせ • Feb 24Billerud AB (publ) to Report Fiscal Year 2025 Final Results on Apr 01, 2026Billerud AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 01, 2026
お知らせ • Jan 30Billerud AB Proposes Dividend for 2025The Board of Directors of Billerud AB (publ) proposed a dividend of SEK 2.00 per share (3.50), corresponding to 70% of the net profit.
お知らせ • Jan 16Billerud AB (publ) to Report Q3, 2026 Results on Oct 22, 2026Billerud AB (publ) announced that they will report Q3, 2026 results on Oct 22, 2026
お知らせ • Sep 23Billerud AB (publ), Annual General Meeting, May 19, 2026Billerud AB (publ), Annual General Meeting, May 19, 2026.
お知らせ • Jul 18Billerud AB (Publ) Announces Executive ChangesBillerud AB (publ) announced Ulrika Wedberg, Executive Vice President Sustainability & Public Affairs, will leave Billerud on 30 September, 2025. She will be succeeded by Sofia Hedevåg, who will assume this role on 1 December 2025 and who presently holds the position as Senior Vice President Sustainability and member of the Group Management in Gränges.
お知らせ • Jul 02+ 2 more updatesBillerud AB (publ) to Report Q2, 2026 Results on Jul 16, 2026Billerud AB (publ) announced that they will report Q2, 2026 results on Jul 16, 2026
お知らせ • May 20+ 1 more updateBillerud AB (publ) Approves Dividend for 2024, Payable on May 27, 2025Billerud AB (publ) at its Annual General Meeting held on 20 May 2025, adopted the 2024 annual report and resolved to distribute a dividend to the shareholders of SEK 3.50 per share. The record date for the dividend was set to 22 May 2025, and the dividend is estimated to be paid out on 27 May 2025.
お知らせ • Apr 14Billerud AB (Publ) Proposes Dividend, Payable on 27 May 2025Billerud AB (publ) at its annual general meeting to be held on 20 May 2025, proposed a dividend of SEK 3.50 per share. The dividend is estimated to be paid out to the shareholders on 27 May 2025.
お知らせ • Feb 08Billerud AB (publ) to Report Fiscal Year 2024 Final Results on Mar 27, 2025Billerud AB (publ) announced that they will report fiscal year 2024 final results on Mar 27, 2025
お知らせ • Jan 14Billerud AB (publ) to Report Q3, 2025 Results on Oct 23, 2025Billerud AB (publ) announced that they will report Q3, 2025 results on Oct 23, 2025
お知らせ • Dec 20Billerud Appoints Jaakko Nikkilä as President, Billerud Europe and Member of the Group Management TeamBillerud announced the appointment of Jaakko Nikkilä as President, Billerud Europe and member of the Group Management Team. Jaakko Nikkilä holds the position of Executive Vice President at UPM, heading the business area Specialty Paper with global sales of around EUR 1.5 billion, until year-end. Jaakko Nikkilä has extensive experience in both international sales and production of fiber-based packaging materials. He has been employed by the UPM Group since 1995 and served as a member of the UPM Group Executive Team since 2019. Jaakko Nikkilä, born 1967, is a Finnish citizen. He will assume the position as President of Billerud Europe on 1 May 2025 and will be based in Stockholm. As previously announced, Matthew Hirst will leave Billerud on 31 January 2025. Ivar Vatne will act as the interim President of Region Europe from 1 February to 30 April.
Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: kr2.27 (vs kr2.64 in 3Q 2023)Third quarter 2024 results: EPS: kr2.27 (down from kr2.64 in 3Q 2023). Revenue: kr10.8b (up 6.0% from 3Q 2023). Net income: kr565.0m (down 14% from 3Q 2023). Profit margin: 5.2% (down from 6.4% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 15+ 1 more updateBillerud AB (publ), Annual General Meeting, May 20, 2025Billerud AB (publ), Annual General Meeting, May 20, 2025.
お知らせ • Sep 18Billerud Appoints Doug Schwartz as President Billerud North America and Member of the Group Management Team, Effective 30 September 2024Billerud has appointed Doug Schwartz as President Billerud North America and member of the company's Group Management Team, effective 30 September 2024. Doug Schwartz has extensive experience in the U.S. forest and paper industry, including serving in key leadership roles at companies such as Sonoco Products Company (Sonoco), International Paper and Champion International Corporation. He most recently held the position of Vice President and General Manager, Rigid Paper Containers at Sonoco.
Reported Earnings • Jul 22Second quarter 2024 earnings released: EPS: kr0.25 (vs kr1.94 loss in 2Q 2023)Second quarter 2024 results: EPS: kr0.25 (up from kr1.94 loss in 2Q 2023). Revenue: kr10.8b (up 8.1% from 2Q 2023). Net income: kr63.0m (up kr544.0m from 2Q 2023). Profit margin: 0.6% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 20% per year.
お知らせ • Jul 16+ 2 more updatesBillerud AB (publ) to Report Q4, 2024 Results on Jan 30, 2025Billerud AB (publ) announced that they will report Q4, 2024 results on Jan 30, 2025
お知らせ • Jun 15Billerud Announces Executive ChangesBillerud announced that Kevin Kuznicki, President, Billerud North America and member of the Group Management Team, is leaving the company to pursue other ventures, effective 14 June 2024. Tor Lundqvist, Deputy President and Senior Vice President of Operations for North America will assume the role of Acting President, Billerud North America until a successor is appointed. The recruitment process for a new President, Billerud North America will start immediately, and a successor will be announced in due course.
Board Change • Jun 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Andreas Blaschke was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 23+ 1 more updateBillerud AB (Publ) Approves Dividend for 2023, Payable on 28 May 2024Billerud AB (publ) at the Annual General Meeting held on 21 May 2024 adopted the 2023 annual report and resolved to distribute a dividend to the shareholders of SEK 2.00 per share. The record date for the dividend was set to 23 May 2024, and the dividend is estimated to be paid out on 28 May 2024.
Upcoming Dividend • May 15Upcoming dividend of kr2.00 per shareEligible shareholders must have bought the stock before 22 May 2024. Payment date: 28 May 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.4%).
Reported Earnings • Apr 24First quarter 2024 earnings released: EPS: kr1.26 (vs kr2.57 in 1Q 2023)First quarter 2024 results: EPS: kr1.26 (down from kr2.57 in 1Q 2023). Revenue: kr10.4b (down 9.3% from 1Q 2023). Net income: kr313.0m (down 51% from 1Q 2023). Profit margin: 3.0% (down from 5.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
お知らせ • Apr 12Jan Åström Declines Re-Election to Board of Billerud AB (publ)Billerud AB (publ) announced that Jan Åström has declined re-election to the board at the annual general meeting 2024 to be held on May 21, 2024.
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: kr1.95 (vs kr20.13 in FY 2022)Full year 2023 results: EPS: kr1.95 (down from kr20.13 in FY 2022). Revenue: kr41.3b (down 3.2% from FY 2022). Net income: kr484.0m (down 90% from FY 2022). Profit margin: 1.2% (down from 11% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Declared Dividend • Jan 31Dividend of kr2.00 announcedShareholders will receive a dividend of kr2.00. Ex-date: 22nd May 2024 Payment date: 28th May 2024 Dividend yield will be 24%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is not covered by earnings (103% earnings payout ratio) nor is it covered by cash flows (440% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. EPS is expected to grow by 126% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
New Risk • Jan 28New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 36% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Cash payout ratio: 440% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin).
Reported Earnings • Jan 26Full year 2023 earnings released: EPS: kr1.95 (vs kr20.13 in FY 2022)Full year 2023 results: EPS: kr1.95 (down from kr20.13 in FY 2022). Revenue: kr41.5b (down 2.7% from FY 2022). Net income: kr484.0m (down 90% from FY 2022). Profit margin: 1.2% (down from 11% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings.
お知らせ • Jan 25Billerud AB Proposes Dividend for 2023Billerud AB (publ) announced that the The Board proposes a dividend for 2023 of SEK 2.00 per share, 65% of the adjusted net profit.
お知らせ • Jan 15Billerud Aktiebolag Appoints Robert Pletzin as Head of Media Relations, Effective April 1, 2024Billerud Aktiebolag announced that As of April 1, 2024 Robert Pletzin assumes the role of Head of Media Relations at Billerud. Robert brings extensive experience in leading press positions from companies with international operations, along with a background as a financial journalist. Robert joins from his previous position as the Head of Media Relations at Swedavia and also holds experience from leading press roles at Vattenfall. Additionally, he has worked as a financial reporter at Dagens Industri, Nyhetsbyrån Direkt and as a correspondent for the news agency Reuters.
お知らせ • Dec 20Billerud AB (publ) Appoints Andrei Krés as CFOAndrei Krés has been appointed as the new CFO of Billerud. Andrei has been the acting CFO since August 2023 and will assume the permanent role immediately. Andrei Krés joined Billerud in 2011 and has since then held several different positions within the company including Head of Group Treasury, Vice President of Group Finance and since August 2023 as acting CFO.
お知らせ • Dec 01+ 1 more updateBillerud AB (Publ) Appoints Ivar Vatne as PresidentThe Board of Billerud has appointed Ivar Vatne to be the President and CEO of Billerud. Ivar Vatne has been acting President and CEO since July 2023 and enters the permanent position with immediate effect. Ivar Vatne started as CFO in Billerud in May 2019. He was appointed Deputy CEO in October 2022. Since July 2023, he has been the acting President and CEO of Billerud. Ivar has a background from senior positions within Arla, Fiskars and P&G.
Valuation Update With 7 Day Price Move • Nov 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €8.54, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Packaging industry in Europe. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.27 per share.
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: kr2.64 (vs kr5.42 in 3Q 2022)Third quarter 2023 results: EPS: kr2.64 (down from kr5.42 in 3Q 2022). Revenue: kr10.3b (down 14% from 3Q 2022). Net income: kr656.0m (down 51% from 3Q 2022). Profit margin: 6.4% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: kr2.64 (vs kr5.42 in 3Q 2022)Third quarter 2023 results: EPS: kr2.64 (down from kr5.42 in 3Q 2022). Revenue: kr10.3b (down 14% from 3Q 2022). Net income: kr656.0m (down 51% from 3Q 2022). Profit margin: 6.4% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
New Risk • Oct 25New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 23x cash flows per share). Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin).
お知らせ • Sep 23+ 1 more updateBillerud Aktiebolag Announces Nomination Committee for cAnnual General Meeting 2024Billerud Aktiebolag announced that In accordance with the resolution by the Annual General Meeting of Billerud, the Chairman of the Board of Directors has convened a Nomination Committee for the Annual General Meeting 2024, appointed by the major shareholders in the company. The Nomination Committee consists of Anders Oscarsson, appointed by AMF Pension & Funds, Michael M.F. Kaufmann, appointed by Frapag Beteiligungsholding AG, Thomas Wuolikainen, appointed by Fourth Swedish National Pension Fund and Oscar Bergman, appointed by Swedbank Robur Funds.
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €7.97, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 12x in the Packaging industry in Europe. Total loss to shareholders of 28% over the past three years.
お知らせ • Aug 26+ 3 more updatesBillerud AB (publ) to Report Q3, 2024 Results on Oct 24, 2024Billerud AB (publ) announced that they will report Q3, 2024 results on Oct 24, 2024
お知らせ • Aug 18+ 1 more updateBillerud AB (Publ) Announces Management ChangesBillerud AB (publ) announced that Matthew Hirst, previously EVP Commercial, has been appointed President of Billerud Europe and will lead the new European organization consisting of Commercial, Operations and Procurement & Wood Supply functions. Kevin Kuznicki remains President of the North American organization. In addition, Andrei Krés, has been appointed as acting CFO and will be part of the Group Management Team. Andrei Krés holds a bachelor's degree in business and economics from Lund University and has held various positions in Billerud, most recently as the Vice President of the Group Finance function.
お知らせ • Jul 29Billerud AB Announces Retirement of Christoph Michalski as CEOBillerud AB (publ) board announced that the company's President and CEO Christoph Miclski is leaving the CEO role a at Billerud, with immediate effect. Michalski has held the position of CEO since November 2020. The board of Billerud has appointed the current CFO and deputy CEO, Ivar Vatne, as acting CEO. Ivar Vatne joined the company as CFO in May 2019 and has also been deputy CEO since October 2022. Before Billerud, Ivar has a background from senior positions within Arla, Fiskars and P&G. The recruitment of a new CEO will start up immediately.
Buying Opportunity • Jul 22Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 23%. The fair value is estimated to be €8.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 56%. For the next 3 years, revenue is forecast to decline by 0.2% per annum. Earnings is forecast to grow by 9.8% per annum over the same time period.
New Risk • Jul 21New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Dividend per share is over 23x cash flows per share. Dividend yield: 6.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 23x cash flows per share). Profit margins are more than 30% lower than last year (5.4% net profit margin).
Reported Earnings • Jul 20Second quarter 2023 earnings released: kr1.94 loss per share (vs kr6.83 profit in 2Q 2022)Second quarter 2023 results: kr1.94 loss per share (down from kr6.83 profit in 2Q 2022). Revenue: kr10.0b (down 12% from 2Q 2022). Net loss: kr481.0m (down 134% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
お知らせ • Jul 15Mimir Invest AB signed an agreement to acquire Billerud Managed Packaging Ab from Billerud AB (publ) (OM:BILL).Mimir Invest AB signed an agreement to acquire Billerud Managed Packaging Ab from Billerud AB (publ) (OM:BILL) on July 13, 2023.The transaction is expected to be completed during August 2023.Managed Packaging has 143 employees in Asia, Europe and USA, and had in 2022 net sales of SEK 770 million,reported under the segment Solutions & Other.
Board Change • Jun 04High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Regi Aalstad was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • May 31Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €7.15, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Packaging industry in Europe. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €11.16 per share.
お知らせ • May 25+ 1 more updateBillerud Aktiebolag (Publ) Resolves to Pay Dividend , Payable on 31 May 2023Billerud Aktiebolag (publ) resolved to distribute a dividend to the shareholders of SEK 5.50 per share and an extraordinary dividend of SEK 2.00 per share (SEK 7.50 in total per share). The record date for the dividend was set to Friday 26 May 2023, and the dividend is estimated to be paid out on Wednesday 31 May 2023.
Upcoming Dividend • May 18Upcoming dividend of kr7.50 per share at 5.7% yieldEligible shareholders must have bought the stock before 25 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 5.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.2%).
Recent Insider Transactions • Apr 28President & CEO recently bought €132k worth of stockOn the 26th of April, Christoph Michalski bought around 16k shares on-market at roughly €8.46 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christoph has been a buyer over the last 12 months, purchasing a net total of €225k worth in shares.
Reported Earnings • Apr 06Full year 2022 earnings releasedFull year 2022 results: Net income: kr4.59b (up 209% from FY 2021). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Packaging industry in Europe.
お知らせ • Jan 28+ 1 more updateBillerud AB (Publ) Declares Extraordinary Dividend for Fiscal Year 2022Billerud AB (publ) declares extraordinary dividend of SEK 2.00 per share for fiscal year 2022. The proposal entails a total share dividend of approximately SEK 1,863 million, corresponding to around 41% of the net profit. The proposed record day is 26 May 2023.
Reported Earnings • Jan 28Full year 2022 earnings released: EPS: kr20.13 (vs kr7.18 in FY 2021)Full year 2022 results: EPS: kr20.13 (up from kr7.18 in FY 2021). Revenue: kr43.0b (up 64% from FY 2021). Net income: kr4.59b (up 209% from FY 2021). Profit margin: 11% (up from 5.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Packaging industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jan Astrom was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Oct 26Third quarter 2022 earnings releasedThird quarter 2022 results: Net income: kr1.35b (up 182% from 3Q 2021). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Packaging industry in Europe.
お知らせ • Oct 25Billerud Aktiebolag Appoints Ivar Vatne as Deputy CEOBillerud Aktiebolag announced Ivar Vatne has been appointed Deputy CEO of Billerud. He retains his current role as Chief Financial Officer (CFO). The Board of Directors of Billerud has appointed Ivar Vatne to Deputy CEO in addition to his current responsibilities as CFO. Deputy CEO is a newly created position reflecting the increased scope of the Billerud Group. Ivar Vatne is since 2019 CFO of Billerud. Previously, he has been CFO of Arla Foods UK Ltd. and of Arla Foods AB, Vice President Finance Europe region at Fiskars and held various finance positions in Procter & Gamble. He has a MSc in Economics from the Norwegian School of Economics.
お知らせ • Sep 17+ 1 more updateBillerudKorsnäs AB (publ) Announces Nomination committee for the 2023 Annual General MeetingIn accordance with the resolution by the Annual General Meeting of BillerudKorsnäs, the Chairman of the Board of Directors has convened a Nomination Committee for the Annual General Meeting 2023, appointed by the major shareholders in the company. The Nomination Committee consists of Tomas Risbecker, appointed by AMF Pension & Funds, Michael M.F. Kaufmann, appointed by Frapag Beteiligungsholding AG, Thomas Wuolikainen, appointed by Fourth Swedish National Pension Fund and Lennart Francke, appointed by Swedbank Robur Funds.
お知らせ • Aug 23+ 3 more updatesBillerudKorsnäs AB (publ) to Report Q1, 2023 Results on Apr 26, 2023BillerudKorsnäs AB (publ) announced that they will report Q1, 2023 results on Apr 26, 2023
Reported Earnings • Jul 21Second quarter 2022 earnings releasedSecond quarter 2022 results: Net income: kr1.42b (up 356% from 2Q 2021).
お知らせ • Jun 03BillerudKorsnäs AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 3.497589 billion.BillerudKorsnäs AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 3.497589 billion. Security Name: Shares Security Type: Common Stock Securities Offered: 41,391,588 Price\Range: SEK 84.5 Transaction Features: Rights Offering
Recent Insider Transactions • May 29Independent Director recently bought €127k worth of stockOn the 27th of May, Jan Astrom bought around 10k shares on-market at roughly €12.73 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €601k more in shares than they have sold in the last 12 months.
Recent Insider Transactions • May 17President & CEO recently bought €93k worth of stockOn the 11th of May, Christoph Michalski bought around 7k shares on-market at roughly €12.72 per share. In the last 3 months, they made an even bigger purchase worth €111k. Christoph has been a buyer over the last 12 months, purchasing a net total of €301k worth in shares.
Board Change • May 13Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Jan Astrom was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • May 12+ 1 more updateBillerudKorsnäs AB (publ) Announces Board AppointmentsBillerudKorsnäs AB (publ) announced that at the AGM was held on 10 May 2022, the company approved the appointment of Florian Heiserer and Magnus Nicolin as new Board members.
Reported Earnings • May 06First quarter 2022 earnings released: EPS: kr4.27 (vs kr1.82 in 1Q 2021)First quarter 2022 results: EPS: kr4.27 (up from kr1.82 in 1Q 2021). Revenue: kr7.46b (up 14% from 1Q 2021). Net income: kr884.0m (up 135% from 1Q 2021). Profit margin: 12% (up from 5.8% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 39%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • May 04Upcoming dividend of kr4.30 per shareEligible shareholders must have bought the stock before 11 May 2022. Payment date: 17 May 2022. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (4.1%). In line with average of industry peers (2.8%).
お知らせ • Apr 23BillerudKorsnäs AB (publ) to Report Q1, 2022 Results on Apr 26, 2022BillerudKorsnäs AB (publ) announced that they will report Q1, 2022 results on Apr 26, 2022
Reported Earnings • Apr 11Full year 2021 earnings released: EPS: kr7.18 (vs kr3.27 in FY 2020)Full year 2021 results: EPS: kr7.18 (up from kr3.27 in FY 2020). Revenue: kr26.3b (up 9.8% from FY 2020). Net income: kr1.49b (up 120% from FY 2020). Profit margin: 5.6% (up from 2.8% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.
お知らせ • Apr 09Billerudkorsnäs Proposes Dividend, Payable 17 May 2022The board of BillerudKorsnäs AB (publ) proposes a dividend of SEK 4.30 per share. The record date for the payment shall be 12 May 2022. The last trading day in the BillerudKorsnäs share including the right to receive payment of dividend will be 10 May 2022, and the first trading day in the BillerudKorsnäs share not including a right to receive payment of dividend will be 11 May 2022. If the annual general meeting resolves in accordance with the proposal, the dividend is estimated to be paid out to the shareholders on 17 May 2022.
お知らせ • Apr 05BillerudKorsnäs AB (publ) to Report Fiscal Year 2021 Final Results on Apr 08, 2022BillerudKorsnäs AB (publ) announced that they will report fiscal year 2021 final results on Apr 08, 2022