Announcement • Apr 07
Billerud AB (publ) Announces Jan Svensson Leaves as Chairman of Board, Effective 26 May 2026 Billerud 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. Announcement • Feb 24
Billerud AB (publ) to Report Fiscal Year 2025 Final Results on Apr 01, 2026 Billerud AB (publ) announced that they will report fiscal year 2025 final results at 9:00 AM, Central European Standard Time on Apr 01, 2026 Announcement • Jan 30
Billerud AB Proposes Dividend for 2025 The 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. Announcement • Jan 16
Billerud AB (publ) to Report Q3, 2026 Results on Oct 22, 2026 Billerud AB (publ) announced that they will report Q3, 2026 results on Oct 22, 2026 Announcement • Sep 23
Billerud AB (publ), Annual General Meeting, May 19, 2026 Billerud AB (publ), Annual General Meeting, May 19, 2026. Announcement • Jul 18
Billerud AB (Publ) Announces Executive Changes Billerud 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. Announcement • Apr 14
Billerud AB (Publ) Proposes Dividend, Payable on 27 May 2025 Billerud 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. Announcement • Feb 08
Billerud AB (publ) to Report Fiscal Year 2024 Final Results on Mar 27, 2025 Billerud AB (publ) announced that they will report fiscal year 2024 final results on Mar 27, 2025 Announcement • Jan 14
Billerud AB (publ) to Report Q3, 2025 Results on Oct 23, 2025 Billerud AB (publ) announced that they will report Q3, 2025 results on Oct 23, 2025 Announcement • Dec 20
Billerud Appoints Jaakko Nikkilä as President, Billerud Europe and Member of the Group Management Team Billerud 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. Announcement • Sep 18
Billerud Appoints Doug Schwartz as President Billerud North America and Member of the Group Management Team, Effective 30 September 2024 Billerud 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. Announcement • Jun 15
Billerud Announces Executive Changes Billerud 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. Announcement • Apr 12
Jan 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. New Risk • Jan 28
New minor risk - Earnings quality The 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 Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 103% Dividend per share is over 12x cash flows per share. 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 26
Full 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 4.1% growth forecast for the Global Packaging industry. 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 26% per year, which means it is significantly lagging earnings. Announcement • Jan 25
Billerud AB Proposes Dividend for 2023 Billerud AB (publ) announced that the The Board proposes a dividend for 2023 of SEK 2.00 per share, 65% of the adjusted net profit. Board Change • Jan 16
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 Regi Aalstad 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. Announcement • Jan 15
Billerud Aktiebolag Appoints Robert Pletzin as Head of Media Relations, Effective April 1, 2024 Billerud 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. Announcement • Dec 20
Billerud AB (publ) Appoints Andrei Krés as CFO Andrei 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. Board Change • Dec 18
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Regi Aalstad 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. Lack of board continuity. Board Change • Oct 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Regi Aalstad 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. Lack of board continuity. Announcement • Jul 29
Billerud AB Announces Retirement of Christoph Michalski as CEO Billerud 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. Announcement • Jul 15
Mimir 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 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Regi Aalstad 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. Lack of board continuity. Board Change • Jun 04
High number of new directors There 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. Board Change • May 23
High number of new directors Independent Director Magnus Nicolin was the last director to join the board, commencing their role in 2022. Board Change • May 03
High number of new directors Independent Director Magnus Nicolin was the last director to join the board, commencing their role in 2022. Board Change • Mar 17
Less than half of directors are independent There 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. Board Change • Feb 22
Less than half of directors are independent There 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. Recent Insider Transactions • Feb 11
Independent Director recently bought Mex$139k worth of stock On the 7th of February, Victoria Van Camp bought around 600 shares on-market at roughly Mex$232 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$8.5m more in shares than they have sold in the last 12 months. Reported Earnings • Jan 30
Full 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 1.5% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Global Packaging industry. Board Change • Jan 30
Less than half of directors are independent There 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. Board Change • Jan 14
Less than half of directors are independent There 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. Board Change • Dec 22
Less than half of directors are independent There 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 26
Third quarter 2022 earnings released: EPS: kr5.42 (vs kr2.31 in 3Q 2021) Third quarter 2022 results: EPS: kr5.42 (up from kr2.31 in 3Q 2021). Revenue: kr11.9b (up 83% from 3Q 2021). Net income: kr1.35b (up 182% from 3Q 2021). Profit margin: 11% (up from 7.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Global Packaging industry. Board Change • Oct 12
Less than half of directors are independent There 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. Board Change • Sep 22
Less than half of directors are independent There 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 • Jul 21
Second quarter 2022 earnings released: EPS: kr6.83 (vs kr1.50 in 2Q 2021) Second quarter 2022 results: EPS: kr6.83 (up from kr1.50 in 2Q 2021). Revenue: kr11.5b (up 74% from 2Q 2021). Net income: kr1.42b (up 356% from 2Q 2021). Profit margin: 12% (up from 4.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 31%, compared to a 12% growth forecast for the industry in Mexico. Recent Insider Transactions • May 29
Independent Director recently bought Mex$2.7m worth of stock On the 27th of May, Jan Astrom bought around 10k shares on-market at roughly Mex$267 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought Mex$13m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 17
President & CEO recently bought Mex$2.0m worth of stock On the 11th of May, Christoph Michalski bought around 7k shares on-market at roughly Mex$272 per share. In the last 3 months, they made an even bigger purchase worth Mex$2.6m. Christoph has been a buyer over the last 12 months, purchasing a net total of Mex$6.8m worth in shares. Board Change • May 13
Less than half of directors are independent Following 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. Reported Earnings • May 06
First 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 11% growth forecast for the industry in Mexico. Upcoming Dividend • May 04
Upcoming dividend of kr4.30 per share Eligible 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: 2.8%. Lower than top quartile of Mexican dividend payers (5.8%). Higher than average of industry peers (2.5%). Reported Earnings • Apr 10
Full year 2021 earnings released Full year 2021 results: Net income: kr1.49b (up 120% from FY 2020). Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS kr2.31 (vs kr0.25 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr6.52b (up 17% from 3Q 2020). Net income: kr477.0m (up kr425.0m from 3Q 2020). Profit margin: 7.3% (up from 0.9% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Jul 22
Second quarter 2021 earnings released: EPS kr1.50 (vs kr1.05 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr6.59b (up 7.0% from 2Q 2020). Net income: kr311.0m (up 43% from 2Q 2020). Profit margin: 4.7% (up from 3.5% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS kr1.82 (vs kr0.79 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr6.52b (up 2.5% from 1Q 2020). Net income: kr377.0m (up 130% from 1Q 2020). Profit margin: 5.8% (up from 2.6% in 1Q 2020). Reported Earnings • Apr 11
Full year 2020 earnings released: EPS kr3.27 (vs kr4.89 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr23.9b (down 2.4% from FY 2019). Net income: kr676.0m (down 33% from FY 2019). Profit margin: 2.8% (down from 4.1% in FY 2019). Analyst Estimate Surprise Post Earnings • Jan 30
Revenue misses expectations Revenue missed analyst estimates by 0.4%. Over the next year, revenue is forecast to grow 3.9%, compared to a 8.8% growth forecast for the Packaging industry in Mexico. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS kr3.19 (vs kr4.89 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr24.1b (down 1.8% from FY 2019). Net income: kr676.0m (down 33% from FY 2019). Profit margin: 2.8% (down from 4.1% in FY 2019).