Slide 1: Interim report Jan – Jun 2025
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 –1– Rottneros AB Interim report Jan – Jun 2025 -15 MSEK EBITDA Q2 2025 High raw material costs Rights issue, approx. 300 MSEK 90 KTONNES High production, Q2 2025
Slide 2: Rights issue oversubscribed, sequentially higher EBITDA
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 –2– Rights issue oversubscribed, sequentially higher EBITDA Q2 2025 compared with (Q2 2024) NET TURNOVER increased by 2 percent to 726 SOLD VOLUME totalled 91,100 (88,600) tonnes. The rights issue does not affect the key performance 726 15 (711) MSEK.
Slide 3: Successful Rights Issue and cost focus strengthen our financial resilience
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 –3– Comments by the CEO Successful Rights Issue and cost focus strengthen our financial resilience The second quarter was marked by a continued weak earnings successfully completed in July. The equity/assets ratio after the performance. The combination
Slide 4: Improved market balance for pulp wood
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 –4– Comments by the CEO that are necessary in the weak market conditions prevailing in Improved market balance for pulp wood “Although wood prices 726 MSEK mechanical pulp. As a result, production decreased by 14 per- cent at Rottneros Mill. The capaci
Slide 5: Overcapacity in turbulent times
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 –5– Market overview – Pulp market Overcapacity in turbulent times The global market is presently marked by significant fiber prices. Raw material for softwood pulp has also CTMP mill in Indonesia, which is largely integrated with instability. Primarily
Slide 6: Low margins impact financial performance
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 –6– Performance April – June Low margins impact financial performance QUARTERLY COMPARISON Apr-Jun Apr-Jun change Jan-Mar change 2025 2024 % 2025 % NBSK Europe, SEK * 7,593 9,230 -18 8,315 -9 +2 % Turnover amounted to 726 (711) MSEK, an increase of 2 p
Slide 7: Production record for Vallvik Mill
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 –7– Production and deliveries MAINTENANCE SHUTDOWN, 2025 Production record for Vallvik Mill VALLVIK MILL ROTTNEROS MILL Estimated impact on income: Estimated impact on income: 70–80 MSEK 10–20 MSEK Vallvik Mill, which produces sulphate pulp, set a new
Slide 8: Cost adjustments and production records
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 –8– Performance, January – June Cost adjustments and production records JANUARY – JUNE 2025 Jan-Jun Jan-Jun Change 2025 2024 % NBSK Europe, SEK * 7,975 8,533 -7 -1 % Turnover amounted to 1,378 (1,399) MSEK, a decline of Fixed costs increased by 35 MS
Slide 9: Other items
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 –9– Other items Financial items in the During the second quarter, the loan agreement was renegotiated and includes a liquidity covenant and a Cash flow Parent Company income statement profitability target that replaces the original debt cove- Cash flow
Slide 10: Risk management
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 10 – Risk management Operationally, the Company uses a number of measures and Electricity strategies – for example, focusing on niches and various specific All external electricity for the mills, approximately 200 GWh per ELECTRICITY HEDGES AS AT 30
Slide 11: The share and shareholders
18000 ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 16000 – 11 – 14000 12000 10000 The share and shareholders 8000 6000 4000 The Annual General Meeting was held on 10 April 2025. SHARE PRICE 2021 TO 30 JUNE, 2025 2000 LARGEST SHAREHOLDERS Read more about it in the Q1 2025 report. ON 30 JUNE, 2025
Slide 12: Long-term targets
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 12 – Long-term targets Rottneros’ vision is "Always make a difference". This has LONG-TERM TARGETS 2030 AND TARGET ACHIEVEMENT been translated into long-term targets for financial, social and climate-related sustainability. Follow-up is primarily car
Slide 13: Areas of development
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 13 – Areas of development Rottneros’ CHEMICAL AND MECHANICAL PULP MOLDED PACKAGING range of products Rottneros manufactures and sells high-quality Ready-made food including MAP pulp to niche markets within packaging, filters Cartonboard Electrotechni
Slide 14: Declaration
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 14 – Declaration The Board of Directors and the CEO certify that the quarterly report gives a true and fair summary of the Group’s and parent company’s operations, financial position and results and describes significant risks and uncertainties faced
Slide 15: Auditor’s review report
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2024 – 15 – Rottneros AB (publ) 556013-5872 Auditor’s review report Introduction would become aware of all significant matters that We have reviewed the condensed interim financial infor- might be identified in an audit. Therefore, the conclusion mation (th
Slide 16: Consolidated income statement
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 16 – CONSOLIDATED INCOME STATEMENT STATEMENT OF COMPREHENSIVE INCOME Apr-Jun Apr–Jun Jan-Jun Jan-Jun Rolling 12 Full year Apr-Jun Apr–Jun Jan-Jun Jan-Jun Rolling 12 Full year AMOUNTS IN MSEK 2025 2024 2025 2024 months 2024 AMOUNTS IN MSEK 2025 2024 2
Slide 17: Consolidated balance sheet
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 17 – CONSOLIDATED STATEMENT OF CHANGES CONSOLIDATED BALANCE SHEET, SUMMARY IN SHAREHOLDERS’ EQUITY, SUMMARY AMOUNTS IN MSEK 30 Jun 2025 30 Jun 2024 31 Dec 2024 Repur- Other reserves Retained Total Other chased earnings, incl. share Intangible assets
Slide 18: Consolidated statement of cash flows
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 18 – CONSOLIDATED STATEMENT OF CASH FLOWS CHANGES IN INTEREST-BEARING LIABILITIES Jan-Jun Jan-Jun Rolling 12 Full year Jan-Jun Jan-Jun Rolling 12 Full year AMOUNTS IN MSEK 2025 2024 months 2024 AMOUNTS IN MSEK 2025 2024 months 2024 EBIT -253 35 -241
Slide 19: Parent company income statement
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 19 – PARENT COMPANY INCOME STATEMENT BALANCE SHEET – PARENT COMPANY Jan-Jun Jan-Jun Jan-Dec 30 Jun 30 Jun 31 Dec AMOUNTS IN MSEK 2025 2024 2024 AMOUNTS IN MSEK 2025 2024 2024 NET TURNOVER 22 12 23 Intangible assets 1 0 0 Other operating income 0 3 1
Slide 20: Supplementary disclosures
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 20 – Supplementary disclosures, notes in summary and other information ACCOUNTING POLICIES The full fair value of a derivative instrument that consti- Accounts receivables are covered by credit insurance, CHANGES IN GROUP MANAGEMENT This report has b
Slide 21: Rottneros’ net turnover breakdown
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 21 – ROTTNEROS’ NET TURNOVER BREAKDOWN OF PULP TURNOVER BY END-USE Apr-Jun Apr-Jun Jan-Jun Jan-Jun Rolling 12 Full year Apr-Jun Apr-Jun Jan-Jun Jan-Jun Rolling 12 Full year AMOUNTS IN MSEK 2025 2024 2025 2024 months 2024 AMOUNTS IN MSEK 2025 2024 202
Slide 22: Group performance in summary
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 22 – GROUP PERFORMANCE IN SUMMARY Jan-Jun Jan-Jun Rolling 12 Jan-Jun Jan-Jun Rolling 12 AMOUNTS IN MSEK 2025 2024 months 2024 2023 2022 2021 2025 2024 months 2024 2023 2022 2021 Income statement Key performance indicator Net turnover 1,378 1,399 2,68
Slide 23: Quarterly data Group
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 23 – QUARTERLY DATA GROUP 2025 2024 2023 2022 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Q2 Q1 Income statement, MSEK Net turnover 726 652 626 686 711 688 637 693 681 744 730 806 784 660 EBITDA -15 -27 10 70 65 35 -76 79 71 178 31 233 254 174 Depreciation/a
Slide 24: Share data
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 24 – SHARE DATA1 Jan-Jun Jan-Jun Rolling 12 2025 2024 months 2024 2023 2022 2021 Shares outstanding at Number 152,572 152,572 152,572 152,572 152,572 152,572 152,572 the beginning of the period 2 Shares outstanding at the end of the period 2 Number 1
Slide 25: Alternative key performance indicators
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 25 – Alternative key performance indicators Alternative ratios are financial measures that are not defined in IFRS and are presented outside the financial statements. DEFINITIONS FOR IFRS AND ALTERNATIVE KEY PERFORMANCE INDICATORS Rottneros uses the
Slide 26: Glossary
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 26 – Glossary Market pulp CTMP Chemical pulp Market pulp OSA A term in Swedish used synonymously with Chemi-Thermo-Mechanical Pulp, mechani- Pulp produced by boiling pulp wood with Pulp sold on the market and transported to Organisational and social
Slide 27: Rottneros is an independent producer of market pulp
ROTTNEROS AB INTERIM REPORT JANUARY – JUNE 2025 – 27 – Rottneros is an independent producer of market pulp. The Group consists of the parent company Rottneros AB, listed on Nasdaq Stockholm, with the subsidiaries Rottneros Bruk AB and Vallviks Bruk AB, active in the produc- tion and sale of market p