Billerud Aktiebolag: Mixed Q2 Results Amid Regional Disparities

Billerud Aktiebolag, a Swedish company specializing in fibre-based renewable packaging materials, has reported mixed financial results for the second quarter of 2025. The company, listed on the Swedish Stock Exchange, experienced contrasting performances across different regions, with strong results in North America and weaker outcomes in Europe.

Financial Overview

As of July 16, 2025, Billerud’s stock closed at 96.65 SEK, with a 52-week high of 122.2 SEK on February 24, 2025, and a low of 90.5 SEK on April 8, 2025. The company’s market capitalization stands at 24.5 billion SEK, with a price-to-earnings ratio of 13.2.

Regional Performance

  • North America: The region delivered “outstanding” results, contributing positively to the company’s overall performance. This strong performance in North America has been a key factor in supporting Billerud’s financial outcomes during the quarter.

  • Europe: In contrast, Europe presented significant challenges. The company reported weak demand for packaging materials, attributed to ongoing geopolitical and macroeconomic uncertainties. This has led to challenging market conditions across most categories in the region.

Financial Metrics

Billerud’s adjusted EBITDA for Q2 2025 fell unexpectedly, with a 4.8% decrease in revenue to 10,244 million SEK, compared to the previous year’s 10,764 million SEK. Despite the decline in revenue, the company’s operating profit increased.

Future Outlook

Looking ahead to the third quarter, Billerud anticipates continued weak market conditions in Europe, driven by persistent low demand for packaging materials. The company remains cautious about the regional challenges but is optimistic about its performance in North America.

Conclusion

Billerud’s Q2 2025 results highlight the regional disparities in market conditions, with North America providing a strong counterbalance to the weaker European market. The company continues to navigate these challenges while focusing on its core strengths in renewable packaging solutions.