Svenska Cellulosa Aktiebolaget SCA (publ) (SCA_A) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to this presentation of SCA's 2025 third quarter results. With me here today I have President and CEO Ulf Larsson and CFO Andreas Everts to go through the results and take your questions. Over to you Ulf. Thank you Anders and also from my side a good morning. Happy to present the result for the third quarter 2025. So, and when I summarize the quarter, we can state that the CA continued to deliver a solid result in a rather challenging environment. Our high degree of self-sufficiency in strategic areas continued to be an important factor to mitigate higher costs, not the least related to wood-raw materials. Our EBITDA reached 1.64 billion SEK and by that an EBITDA margin of 33% for the third quarter. In Q3 2025 we had substantially lower prices in the pulp segment in comparison with the same period last year. Our planned maintenance stops in pulp and container board were also considerably more extensive compared to the same quarter last year. Delivery volumes in the container board segment increased this year compared with the same quarter last year, driven by the continued ramp up of our Obola container board mill. The uncertain market situation, mainly dominated by changing tariffs, continues to affect market conditions. The forest industry in general is momentarily challenged by a weaker, with a market with soft underlying demand in many product areas. Turning over to Siam Financial KPIs for the third quarter 25. As already mentioned, our EBITDA reached 1.64 billion SEK in the quarter, which corresponds to a 33% EBITDA margin and a 22% EBIT margin. Our Industrial Return on Capital Employed came out just over 6%, counted for the last 12 months. and the leverage was at 1.7 times with our ViolaNet debt to equity reached 11.2%. I will now make ...