Post by Billerud

Billerud’s interim report for Q2 2026: Sequentially improved profitability and strong cash conversion Key highlights: - Strong sales growth in North America, confirming our attractive market position - EBITDA improvement in Europe, both sequentially and versus last year - Executed decisive actions to strengthen profitability - Cost-saving delivery according to plan  - Cash conversion of 97% Excerpt from President & CEO Ivar Vatne’s comment: “As expected, our Q2 result was a clear improvement versus the first quarter. We have taken decisive actions on pricing, cost, and portfolio to address cost inflation and supply chain uncertainty caused by the conflict in the Middle East. The sequential profitability improvement shows that our disciplined focus on items we can control is yielding results, and I am proud of the team’s ability to maneuver yet another geopolitical conflict while delivering on our customer commitments. Region North America grew currency-neutral net sales by 11% compared with last year. Shipments in the quarter were the highest since the end of 2022, once again confirming our strong position in the US, where we can offer reliability and predictability from the attractive Midwest region. Profitability in Region Europe improved both sequentially and compared with the previous year, despite challenging market conditions. Excluding cost impact of annual maintenance shutdowns, Region Europe nearly doubled its EBITDA compared to the last two quarters. On a sequential basis, price increases, a positive sales mix and lower input costs more than offset lower sales volumes. Our cost-saving program is on track and delivered a sizable saving of SEK 150 million in the quarter.”   Read the full report or watch the webcasted telephone conference (live at 09:00 CEST) where President & CEO Ivar Vatne and CFO Andrei Kres present the result: https://lnkd.in/du74JKgb