Lundbergföretagen
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Lundbergföretagen (LUND) investor relations material

Lundbergföretagen Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary18 Feb, 2026

Executive summary

  • Net asset value after deferred tax rose to SEK 145.5 billion (SEK 587/share) at year-end 2025, up from SEK 137.6 billion (SEK 555/share) a year earlier; further increased to SEK 153.3 billion (SEK 618/share) by February 16, 2026.

  • Consolidated net sales were SEK 28,781 million, slightly down from SEK 29,311 million year-over-year.

  • Profit after financial items surged to SEK 15,465 million (from SEK 9,808 million), with strong contributions from associated companies.

  • Earnings per share attributable to shareholders increased to SEK 48.70 (from SEK 25.41).

  • Proposed dividend of SEK 4.90 per share, up from SEK 4.60.

Financial highlights

  • Profit after taxes reached SEK 14,421 million, up from SEK 8,383 million year-over-year.

  • Adjusted profit after financial items (excluding unrealized value changes) was SEK 14,283 million (SEK 9,533 million prior year).

  • Group shareholders’ equity increased to SEK 179,067 million (from SEK 166,705 million).

  • Interest-bearing net debt rose to SEK 23,204 million (from SEK 19,672 million).

Outlook and guidance

  • Net asset value continued to rise into early 2026, reaching SEK 153.3 billion by February 16.

  • Board proposes a dividend of SEK 4.90 per share for 2025, with payment record date April 22, 2026.

Associated companies' impact on adjusted profit?
Rationale for share conversions in 2025?
How did share repurchases affect group net debt?
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Frequently asked questions

Lundbergföretagen manufactures and sells paperboard, paper, and sawn wood products in Sweden and internationally. Products under the Lundberg brands include many that are enjoyed in everyday life: paper, tissue, and sawn wood packaging products; premium papers for advertising, magazines and books; food packaging; and high-quality papers for art and cultural uses. The company also offers recycled products in a wide range of grades and speciality applications.

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