Billerud reported Q1 sales down 11% YoY to SEK 9.83 bn despite 9% volume growth.
Adjusted EBITDA fell to SEK 525 m, margin slipping to 5% from 13% in the prior-year quarter.
Europe saw price pressure, overcapacity, higher maintenance and loss of emission rights, while North America remained profitable despite weather disruptions.
Billerud’s cost‑saving program delivered SEK 100 m impact; targets SEK 150 m savings in Q2 and SEK 550 m for 2026, with planned price hikes.