Duyuru • 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. Duyuru • 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 Duyuru • 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. Duyuru • 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 Duyuru • Sep 23
Billerud AB (publ), Annual General Meeting, May 19, 2026 Billerud AB (publ), Annual General Meeting, May 19, 2026. Duyuru • 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. Duyuru • 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. Duyuru • 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 Duyuru • 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 Duyuru • 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. Reported Earnings • Oct 24
Third 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. Duyuru • 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. Reported Earnings • Jul 22
Second 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. Duyuru • 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. Board Change • Jun 02
High number of new directors There 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. Upcoming Dividend • May 15
Upcoming dividend of kr2.00 per share Eligible 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 24
First 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. Duyuru • 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. Reported Earnings • Mar 28
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: kr41.3b (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 31
Dividend of kr2.00 announced Shareholders 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 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 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 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 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. Duyuru • 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. Duyuru • 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. Duyuru • 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. Valuation Update With 7 Day Price Move • Nov 01
Investor 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 26
Third 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 26
Third 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 25
New minor risk - Share price stability The 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). Valuation Update With 7 Day Price Move • Sep 20
Investor 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. Duyuru • 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. Buying Opportunity • Jul 22
Now 20% undervalued after recent price drop Over 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 21
New minor risk - Dividend sustainability The 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 20
Second 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. Duyuru • 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 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. Valuation Update With 7 Day Price Move • May 31
Investor 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. Upcoming Dividend • May 18
Upcoming dividend of kr7.50 per share at 5.7% yield Eligible 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 28
President & CEO recently bought €132k worth of stock On 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 06
Full year 2022 earnings released Full 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. Reported Earnings • Jan 28
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 1.7% 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 16
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 Third 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. Duyuru • Oct 25
Billerud Aktiebolag Appoints Ivar Vatne as Deputy CEO Billerud 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. Reported Earnings • Jul 21
Second quarter 2022 earnings released Second quarter 2022 results: Net income: kr1.42b (up 356% from 2Q 2021). Duyuru • Jun 03
BillerudKorsnäs 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 29
Independent Director recently bought €127k worth of stock On 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 17
President & CEO recently bought €93k worth of stock On 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 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 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 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: 2.9%. Lower than top quartile of German dividend payers (4.1%). In line with average of industry peers (2.8%). Duyuru • Apr 23
BillerudKorsnäs AB (publ) to Report Q1, 2022 Results on Apr 26, 2022 BillerudKorsnäs AB (publ) announced that they will report Q1, 2022 results on Apr 26, 2022 Reported Earnings • Apr 11
Full 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. Duyuru • Apr 09
Billerudkorsnäs Proposes Dividend, Payable 17 May 2022 The 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. Duyuru • Apr 05
BillerudKorsnäs AB (publ) to Report Fiscal Year 2021 Final Results on Apr 08, 2022 BillerudKorsnäs AB (publ) announced that they will report fiscal year 2021 final results on Apr 08, 2022 Recent Insider Transactions • Feb 20
President & CEO recently bought €111k worth of stock On the 18th of February, Christoph Michalski bought around 9k shares on-market at roughly €12.99 per share. 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 €208k worth in shares. Recent Insider Transactions • Jan 30
Chairman of the Board recently bought €70k worth of stock On the 28th of January, Jan Svensson bought around 5k shares on-market at roughly €14.10 per share. In the last 3 months, they made an even bigger purchase worth €108k. Jan has been a buyer over the last 12 months, purchasing a net total of €178k worth in shares. Reported Earnings • Jan 29
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: kr7.18 (up from kr3.27 in FY 2020). Revenue: kr26.4b (up 10% 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. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 8.0%, compared to a 12% 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 8% per year. Duyuru • Jan 29
BillerudKorsnäs AB (publ) Proposes Dividend for the Fiscal Year 2021 For the 2021 fiscal year, the board of directors of BillerudKorsnäs AB (publ) proposed a dividend of SEK 4.30 per share. The proposal entails a total share dividend of approximately SEK 890 million. The proposed record day is 12 May 2022. Recent Insider Transactions • Dec 23
Chairman of the Board recently bought €108k worth of stock On the 21st of December, Jan Svensson bought around 7k shares on-market at roughly €15.42 per share. This was the largest purchase by an insider in the last 3 months. This was Jan's only on-market trade for the last 12 months. Duyuru • Dec 21
BillerudKorsnäs AB (publ) (OM:BILL) entered into a definitive merger agreement to acquire Verso Corporation (NYSE:VRS) for approximately $810 million. BillerudKorsnäs AB (publ) (OM:BILL) entered into a definitive merger agreement to acquire Verso Corporation (NYSE:VRS) for approximately $810 million on December 19, 2021. Pursuant to the agreement, BillerudKorsnäs will acquire all of the outstanding shares of Verso for a purchase price of $27 per share in cash, or approximately $825 million in cash. The acquisition and transformation will be financed through a combination of a rights issue of up to SEK 3.5 billion ($0.38 billion), additional debt and operating cash flow. BillerudKorsnäs has entered into a new credit facility in the form of a bridge loan of SEK 6 billion ($0.66 billion), provided by Danske Bank and SEB, intended to be utilized for this purpose. This credit facility is planned to be refinanced by issuance of debt instruments and an equity rights issue. BillerudKorsnäs is committed to continuing to serve Verso's existing customers. The closing of the transaction subject to the approval of Verso's shareholders, as well as receipt of regulatory approvals and satisfaction of other customary closing conditions. Regulatory approvals include U.S. antitrust approval as well as approval from relevant state and federal energy regulatory authorities in the U.S. Closing of the transaction is not subject to any financing condition. Verso's Board of Directors, acting upon the recommendation of a special committee of Verso's Board, has unanimously approved and resolved to recommend approval of the merger by Verso's shareholders. A special meeting of Verso's shareholders is expected to be convened following the mailing to Verso's shareholders of a proxy statement for the transaction. BillerudKorsnäs' four largest shareholders, which together hold around 37.7% of BillerudKorsnäs' share capital, support the acquisition and have expressed their intention to vote for the rights issue and subscribe for their pro rata share. The transaction is expected to close in the second quarter of 2022. The acquisition will immediately be accretive to earnings per share and create significant shareholder value over time with a more profitable product mix.
Rothschild & Co served as exclusive financial advisor and Steven Li, Jonathan Davis, Daniel Wolf, Kate Coverdale and Sara Webber of Kirkland & Ellis LLP served as legal counsel to Verso. BofA Securities served as exclusive financial advisor, Skadden, Arps, Slate, Meagher & Flom LLP served as U.S. legal counsel and Wilhelm Lüning, Fredrik Lundén, Per Henriksson, Mirja Sikander, and Fredrik Lindblom of Cederquist served as Swedish legal counsel to BillerudKorsnäs. 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. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Recent Insider Transactions • Aug 12
Executive Vice President of Technology recently sold €67k worth of stock On the 9th of August, Ulf Eliasson sold around 4k shares on-market at roughly €18.34 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 21
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. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Duyuru • Jul 07
BillerudKorsnäs Launches Strong, Super-Light Cartonboard BillerudKorsnäs is introducing two new low grammages of their flagship cartonboard product, CrownBoard Prestige®. Made at KM7, the world's most modern board machine, the two new low grammages are particularly interesting for the graphical industry. CrownBoard Prestige® 170 and 200 gsm combine an excellent printing surface with strength and shapeability. The technical properties of the board are due to the capabilities of KM7, including advanced coating technology and state-of-the-art online quality monitoring. Despite the low basis weights, it is a strong board, made of 100% primary wood fibres built up in a 3-ply structure. Thanks to the strength, it is possible to choose a light grammage to reduce packaging weight. With CrownBoard Prestige®, this can be done without compromising packaging performance. Lightweighting saves cost and reduces environmental impact, because less raw material is used, less energy is needed, less waste is generated, and transport and warehousing requirements are reduced. CrownBoard Prestige® helps customers make a sustainable choice. Duyuru • May 06
Billerudkorsnäs AB (publ) Approves Dividend, Payable on May 12, 2021 BillerudKorsnäs AB (publ) at its annual general meeting held May 5, 2021 resolved to distribute a dividend to the shareholders of SEK 4.30 per share. The record date for the dividend was set to May 7, 2021, and the dividend is estimated to be paid out on May 12, 2021. 
