Billerud AB Q1 2026 Misses Estimates

Billerud AB posted Q1 adjusted EBITDA of SEK 525 million, 24% below consensus of SEK 689 million.
Net sales fell 11% YoY to SEK 9,825 million, while adjusted EBITDA margin contracted to 5% from 13% last year.
Europe region EBITDA was SEK 121 million versus consensus SEK 153 million, hit by pricing pressure, weak demand and cost inflation.
Company announced SEK 500 million dividend (~SEK 2.00 per share) pending shareholder approval and expects cost‑saving benefits of SEK 150 million in Q2.