Wood availability and price
Fiber is a core input and Nordic supply-demand imbalances can raise costs and constrain production.
- Scope
- European mills and Nordic sourcing
- Materiality
- high
Billerud
Billerud is a Sweden-based producer of high-performance paper and packaging materials made from cellulose fibers. Its business spans recyclable packaging materials for food and consumer goods, industrial applications, and printed communication, with production in Sweden, Finland, and the United States.
5.7k
1.32
0.58
| % | |
|---|---|
| Liquid packaging board | 24% Food-safe board used for cartons for beverages and other liquid products. |
| Graphic paper | 22% Paper used for printed communication and related applications. |
| Containerboard | 14% Paper grades used to make corrugated packaging and transport boxes. |
| Kraft and specialty paper | 14% Strength-focused and application-specific paper grades for packaging and industrial uses. |
| Market pulp | 11% Pulp sold into external markets and used as a fiber input for paper and packaging. |
| Sack paper | 8% Paper grades used for sacks and heavy-duty packaging applications. |
| Cartonboard | 7% Board used for consumer packaging and folding carton applications. |
Billerud sells to packaging producers, brand owners, and industrial customers that need recyclable fiber-based...
- Packaging convertersprimary
Buy board and paper grades to convert into cartons, liquid packs, sacks and corrugated packaging.
- Brand ownersprimary
Source recyclable packaging materials for food, beverage and consumer goods applications.
- Industrial packaging userssecondary
Purchase sack paper, kraft paper and containerboard for transport and industrial packaging.
- Printers and communication customerssecondary
Use graphic paper for printed communication and related applications.
- Pulp and fiber market buyerssecondary
Buy market pulp as a fiber input for paper and packaging production.
Billerud reports operating segments by Region Europe and Region North America, reflecting where its products are...
- •Region Europe accounted for 66% of net sales
- •Region North America accounted for 28% of net sales
- •Solutions & Other accounted for 6% of net sales
- •Production is located in Sweden, Finland and the US
- •European mills are close to Nordic and Baltic wood supply
- •North American operations reduce reliance on transatlantic shipping
Billerud’s strategy centers on recyclable fiber-based packaging, operational excellence, and securing cost-competitive...
01
Secure fiber supply and manage wood costsshort-term
Wood and fiber are the largest raw material inputs, so sourcing quality and price directly affect competitiveness.
02
Improve mill efficiency and production flexibilitymedium-term
Higher utilization and better product allocation strengthen cost position and service reliability.
03
Grow recyclable packaging solutionslong-term
Fiber-based recyclable materials are central to the company’s value proposition and customer demand.
04
Explore new value streams from biogenic emissionslong-term
This could create additional revenue opportunities linked to the company’s industrial footprint.
Billerud is exposed to raw material, energy, currency, and demand-cycle risks typical of a global paper and packaging...
Demand cyclicality
Packaging and graphic paper demand depends on customer inventories, consumer demand and macro conditions.
- Scope
- All product categories
- Materiality
- high
Currency risk
Most revenues are invoiced in foreign currencies while a large part of costs are in SEK.
- Scope
- Group-wide
- Materiality
- high
Energy and fuel cost inflation
Paper and pulp production is energy intensive and transport/harvesting costs move with fuel prices.
- Scope
- Manufacturing and logistics
- Materiality
- high
Regulatory and geopolitical disruption
EU forestry, packaging and emissions rules, plus sanctions and war-related effects, can alter costs and supply chains.
- Scope
- Europe and international trade
- Materiality
- high
Operational execution and safety
Mill reliability, workforce safety and project execution are critical in a capital-intensive manufacturing model.
- Scope
- Production sites
- Materiality
- medium
Revenue recognition for goods and services
Mix affects quarterly revenue timing and comparability
Derivative and hedge accounting
Can smooth or shift operating profit between periods
Expected credit losses
Affects operating profit and balance-sheet receivables
Depreciation and useful lives
Material for reported margins and capital intensity
Emission rights accounting
Affects balance sheet and timing of income recognition
IFRS 16
Lease accounting under IFRS 16
Influences EBITDA, debt-like obligations and cash flow presentation
: 11/08/2026