Billerud Q1 EBITDA Misses 24%

Adjusted EBITDA fell to SEK 525 million, 24% below the SEK 689 million consensus, driven by weak Europe performance.
Net sales dropped 11% YoY to SEK 9,825 million and adjusted EBITDA margin shrank to 5% from 13% last year.
The company posted a net loss of SEK 219 million (-SEK 0.88/share) versus a profit of SEK 415 million a year earlier.
Billerud announced price hikes, a cost‑saving program targeting SEK 150 million in Q2, and a proposed SEK 500 million dividend.