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B

Billerud AB (publ) BILL.ST · SEK

Materials · Nasdaq Stockholm · 🇸🇪 Sweden

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87.85

-0.40%

Close of 9 Nov 2026, in SEK

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At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 40.49bn

FY2016FY2025

Net income

SEK 711.0m

FY2016FY2025

Free cash flow

SEK 534.0m

FY2016FY2025

Shareholders' equity

SEK 27.74bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 40.49bnSEK 43.45bnSEK 41.30bnSEK 42.59bnSEK 26.21bnSEK 23.88bnSEK 24.45bnSEK 23.69bnSEK 22.34bnSEK 21.66bn
Gross profitSEK 19.47bnSEK 21.21bnSEK 18.95bnSEK 23.16bnSEK 13.36bnSEK 11.33bnSEK 11.44bnSEK 11.84bnSEK 11.66bnSEK 11.53bn
Operating incomeSEK 1.39bnSEK 2.56bnSEK 534.0mSEK 6.03bnSEK 1.99bnSEK 774.0mSEK 1.39bnSEK 1.43bnSEK 2.24bnSEK 2.04bn
Net incomeSEK 711.0mSEK 1.75bnSEK 484.0mSEK 4.59bnSEK 1.49bnSEK 660.0mSEK 1.01bnSEK 1.04bnSEK 1.64bnSEK 1.52bn
Diluted earnings per share2.867.021.9518.486.692.974.554.677.376.81

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 47.39bnSEK 50.23bnSEK 47.93bnSEK 51.41bnSEK 37.98bnSEK 36.36bnSEK 36.92bnSEK 33.71bnSEK 28.20bnSEK 25.85bn
Cash and short-term investmentsSEK 1.28bnSEK 2.56bnSEK 2.30bnSEK 2.05bnSEK 3.56bnSEK 3.04bnSEK 3.45bnSEK 456.0mSEK 168.0mSEK 708.0m
Total liabilitiesSEK 19.65bnSEK 21.29bnSEK 20.98bnSEK 22.16bnSEK 17.94bnSEK 17.07bnSEK 17.46bnSEK 19.36bnSEK 14.38bnSEK 12.83bn
DebtSEK 7.39bnSEK 7.97bnSEK 7.40bnSEK 5.43bnSEK 6.73bnSEK 7.59bnSEK 8.07bnSEK 9.02bnSEK 5.14bnSEK 3.83bn
Shareholders' equitySEK 27.74bnSEK 28.98bnSEK 26.95bnSEK 29.25bnSEK 20.04bnSEK 19.29bnSEK 19.46bnSEK 14.36bnSEK 13.81bnSEK 13.02bn
Shares outstanding249m249m249m248m222m222m222m222m222m223m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSEK 3.19bnSEK 3.03bnSEK 3.29bnSEK 6.83bnSEK 3.89bnSEK 2.33bnSEK 2.32bnSEK 2.50bnSEK 3.32bnSEK 3.74bn
Capital spending−SEK 2.66bn−SEK 2.44bn−SEK 3.18bn−SEK 3.33bn−SEK 1.53bn−SEK 1.25bn−SEK 2.87bn−SEK 5.12bn−SEK 4.20bn−SEK 1.61bn
Free cash flowSEK 534.0mSEK 593.0mSEK 113.0mSEK 3.50bnSEK 2.37bnSEK 1.08bn−SEK 549.0m−SEK 2.62bn−SEK 880.0mSEK 2.13bn
Dividends paid−SEK 870.0m−SEK 497.0m−SEK 1.86bn−SEK 890.0m−SEK 890.0m−SEK 889.0m−SEK 889.0m−SEK 890.0m−SEK 891.0m−SEK 880.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 9.83bnSEK 9.82bnSEK 9.07bnSEK 9.87bnSEK 10.24bnSEK 11.10bnSEK 15.58bnSEK 10.80bn
Gross profitSEK 4.52bnSEK 4.04bnSEK 4.27bnSEK 287.0mSEK 4.82bnSEK 5.24bnSEK 9.52bnSEK 5.44bn
Operating income−SEK 64.0m−SEK 192.0mSEK 395.0mSEK 287.0mSEK 188.0mSEK 638.0mSEK 1.09bnSEK 851.0m
Net income−SEK 64.0m−SEK 219.0mSEK 304.0m−SEK 63.0mSEK 55.0mSEK 415.0mSEK 806.0mSEK 565.0m
Diluted earnings per share-0.26-0.881.22-0.250.221.673.242.27
Cash from operationsSEK 643.0mSEK 261.0mSEK 418.0mSEK 985.0mSEK 1.19bnSEK 573.0mSEK 1.72bnSEK 438.0m
Capital spending−SEK 584.0m−SEK 388.0m−SEK 771.0m−SEK 713.0m−SEK 640.0m−SEK 394.0m−SEK 613.0m−SEK 509.0m
Free cash flowSEK 59.0m−SEK 127.0m−SEK 353.0mSEK 272.0mSEK 553.0mSEK 179.0mSEK 1.11bn−SEK 71.0m
Total assetsSEK 47.92bnSEK 48.81bnSEK 47.39bnSEK 48.02bnSEK 48.29bnSEK 49.26bnSEK 50.23bnSEK 48.27bn
Cash and short-term investmentsSEK 932.0mSEK 1.89bnSEK 1.28bnSEK 1.66bnSEK 1.69bnSEK 2.14bnSEK 2.56bnSEK 1.48bn
DebtSEK 7.26bnSEK 7.83bnSEK 7.39bnSEK 7.22bnSEK 7.47bnSEK 7.51bnSEK 7.97bnSEK 7.90bn
Shareholders' equitySEK 27.44bnSEK 27.80bnSEK 27.74bnSEK 27.60bnSEK 27.57bnSEK 28.73bnSEK 28.98bnSEK 27.20bn

Financial ratios

Data as of 28 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin48.1%48.8%45.9%54.4%51.0%47.4%
Operating margin3.4%5.9%1.3%14.2%7.6%3.2%
Net margin1.8%4.0%1.2%10.8%5.7%2.8%
Return on equity2.6%6.0%1.8%15.7%7.4%3.4%
Return on assets1.5%3.5%1.0%8.9%3.9%1.8%
Free cash flow yield28.4%26.6%31.5%49.5%29.5%19.5%
Revenue growth-6.8%5.2%-3.0%62.5%9.7%-2.3%
Earnings growth-59.3%261.0%-89.5%209.1%125.0%-34.7%
Current ratio1.32x1.37x1.27x1.33x1.43x1.73x
Debt to equity0.25x0.26x0.27x0.18x0.34x0.39x
Equity ratio58.5%57.7%56.2%56.9%52.8%53.1%
Interest coverage4.81x6.17x1.59x40.48x19.89x6.62x
Buybacks as a share of market value0.0%-0.1%-0.1%-11.8%-0.0%-0.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-1.7%11.1%6.4%
Operating income-38.6%12.5%-6.0%
Net income-46.3%1.5%-8.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin48.5%49.3%49.3%49.7%
Operating margin4.7%6.3%6.1%6.9%
Net margin2.9%4.5%4.4%5.0%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings32.914.452.66.923.845.622.621.017.820.9
Price to sales0.60.60.60.71.41.30.90.91.31.5

Dividends and splits

Per share, in the currency the company pays

Paid for 16 years. Last went ex-dividend on 27 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year2.003.502.002.004.0064.0064.0064.006

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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