Billerud Management
Management criteria checks 1/4
Billerud's CEO is Ivar Vatne, appointed in Jul 2023, has a tenure of 2.33 years. total yearly compensation is SEK15.49M, comprised of 52.9% salary and 47.1% bonuses, including company stock and options. directly owns 0.021% of the company’s shares, worth SEK4.65M. The average tenure of the management team and the board of directors is 1.6 years and 3.8 years respectively.
Key information
Ivar Vatne
Chief executive officer
SEK 15.5m
Total compensation
| CEO salary percentage | 52.92% |
| CEO tenure | 2.3yrs |
| CEO ownership | 0.02% |
| Management average tenure | 1.6yrs |
| Board average tenure | 3.8yrs |
Recent management updates
Recent updates
We Think Billerud (STO:BILL) Is Taking Some Risk With Its Debt
Nov 19
Billerud's (STO:BILL) Earnings Are Weaker Than They Seem
Oct 31Billerud AB (publ) (STO:BILL) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
Oct 28Billerud (STO:BILL) Shareholders Will Want The ROCE Trajectory To Continue
Oct 03Lacklustre Performance Is Driving Billerud AB (publ)'s (STO:BILL) Low P/E
Aug 26Billerud AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Jul 22Billerud (STO:BILL) Is Increasing Its Dividend To SEK3.50
May 20Billerud (STO:BILL) Might Have The Makings Of A Multi-Bagger
Apr 30Billerud's (STO:BILL) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 15Impressive Earnings May Not Tell The Whole Story For Billerud (STO:BILL)
Apr 03Does Billerud (STO:BILL) Have A Healthy Balance Sheet?
Mar 10Billerud AB (publ)'s (STO:BILL) Business And Shares Still Trailing The Market
Feb 23
Price Adjustments And Efficiency Measures Expected To Improve 2025 Outlook
Strategic pricing increases and product shifts are poised to boost Billerud's revenue growth and expand margins, despite challenges in certain segments.Results: Billerud AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts
Feb 07Here's What To Make Of Billerud's (STO:BILL) Decelerating Rates Of Return
Dec 17Is There An Opportunity With Billerud AB (publ)'s (STO:BILL) 23% Undervaluation?
Nov 28Billerud (STO:BILL) Takes On Some Risk With Its Use Of Debt
Aug 31Returns On Capital At Billerud (STO:BILL) Paint A Concerning Picture
May 21Analysts Have Made A Financial Statement On Billerud AB (publ)'s (STO:BILL) First-Quarter Report
Apr 27Billerud (STO:BILL) Is Paying Out Less In Dividends Than Last Year
Apr 26Billerud (STO:BILL) Is Paying Out Less In Dividends Than Last Year
Apr 11Is Billerud (STO:BILL) Using Too Much Debt?
Apr 07Investors Still Waiting For A Pull Back In Billerud AB (publ) (STO:BILL)
Feb 27Billerud's (STO:BILL) Shareholders Have More To Worry About Than Only Soft Earnings
Feb 02Earnings Miss: Billerud AB (publ) Missed EPS By 48% And Analysts Are Revising Their Forecasts
Jan 28Billerud (STO:BILL) Has Some Way To Go To Become A Multi-Bagger
Jan 23Billerud (STO:BILL) Takes On Some Risk With Its Use Of Debt
Dec 11Is Billerud AB (publ) (STO:BILL) Worth kr98.2 Based On Its Intrinsic Value?
Nov 22Returns On Capital At Billerud (STO:BILL) Have Hit The Brakes
Sep 10We Think Billerud (STO:BILL) Is Taking Some Risk With Its Debt
Aug 14CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2025 | n/a | n/a | SEK 1b |
| Jun 30 2025 | n/a | n/a | SEK 2b |
| Mar 31 2025 | n/a | n/a | SEK 2b |
| Dec 31 2024 | SEK 15m | SEK 8m | SEK 2b |
| Sep 30 2024 | n/a | n/a | SEK 611m |
| Jun 30 2024 | n/a | n/a | SEK 702m |
| Mar 31 2024 | n/a | n/a | SEK 158m |
| Dec 31 2023 | SEK 5m | SEK 3m | SEK 484m |
Compensation vs Market: Ivar's total compensation ($USD1.62M) is above average for companies of similar size in the Swedish market ($USD1.22M).
Compensation vs Earnings: Ivar's compensation has increased by more than 20% in the past year.
CEO
Ivar Vatne (47 yo)
Mr. Ivar Vatne was Executive Vice President at Billerud AB (publ) (Billerud Aktiebolag (formerly known as BillerudKorsns AB (publ))) since May 2019 until August 2023 and served as its Deputy Chief Executiv...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & CEO | 2.3yrs | SEK 15.49m | 0.021% SEK 4.6m | |
| Chief Financial Officer | 2.3yrs | no data | 0.0019% SEK 429.5k | |
| Head of Investor Relations & Director Investor Relations | no data | no data | no data | |
| Executive Vice President of Legal & Strategic Projects | no data | no data | 0.0047% SEK 1.0m | |
| Executive Vice President of Human Resources & Communications | 8.8yrs | no data | 0.0084% SEK 1.9m | |
| Head of Press | no data | no data | no data | |
| SVP Operations of Billerud Europe | less than a year | no data | no data | |
| Head of Media Relations | 1.6yrs | no data | no data | |
| President of North America | 1.2yrs | no data | 0.0072% SEK 1.6m | |
| President of Billerud Europe | less than a year | no data | no data | |
| Deputy President of North America | no data | no data | 0.0010% SEK 234.9k |
Experienced Management: BILL's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 3.5yrs | SEK 720.00k | 0.010% SEK 2.2m | |
| Independent Director | 1.5yrs | SEK 600.00k | 0.0016% SEK 369.1k | |
| Independent Chairman of the Board | 5.5yrs | SEK 1.81m | 0.016% SEK 3.6m | |
| Director | less than a year | no data | no data | |
| Director | 3.5yrs | SEK 850.00k | 0.00080% SEK 179.0k | |
| Independent Director | 8.5yrs | SEK 630.00k | 0.0016% SEK 362.4k | |
| Independent Director | 2.5yrs | SEK 720.00k | 0.0043% SEK 962.0k | |
| Employee Representative Director | 8.8yrs | no data | no data | |
| Deputy Director | 8.8yrs | no data | no data | |
| Employee Representative Director | 4.8yrs | no data | no data | |
| Deputy Director | 3.8yrs | no data | 0.000050% SEK 11.2k |
Experienced Board: BILL's board of directors are considered experienced (3.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/11/24 23:47 |
| End of Day Share Price | 2025/11/24 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Billerud AB (publ) is covered by 13 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Patrick Langstrom | ABG Sundal Collier Sponsored |
| Justin Jordan | BNP Paribas |