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Rottneros (RROS) investor relations material
Rottneros Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 was marked by challenging market conditions, high raw material costs, and weak pulp demand, especially in Europe and China, leading to a sharp decline in net turnover and profits.
EBITDA dropped from +SEK 70 million to -SEK 21 million in Q3, reflecting lower prices, high input costs, and currency effects.
A SEK 300 million rights issue in July 2025 strengthened the balance sheet, improved liquidity, and raised the equity/assets ratio to 63%.
Cost-saving and reorganization programs are underway, targeting SEK 35–40 million in annual savings, with full effect expected from Q4 2025.
Stable operations were maintained despite market headwinds, with a continued focus on cost control and innovation initiatives.
Financial highlights
Net turnover for Q3 2025 declined 16% year-over-year to 574 MSEK, and EBITDA was -21 MSEK, mainly due to lower prices and high input costs.
Year-to-date EBITDA for Jan–Sep 2025 was -63 MSEK, compared to 169 MSEK in 2024.
Positive operational cash flow was achieved before investments, despite negative EBITDA, due to working capital reductions.
Investments in property, plant, and equipment totaled 102 MSEK for Jan–Sep 2025.
Net debt position improved, with net debt at 273 MSEK at quarter-end.
Outlook and guidance
Cost-saving measures implemented in summer 2025 are expected to deliver full effect by year-end, with ongoing efforts to further reduce costs and working capital.
Lower wood prices are anticipated to improve earnings over the coming quarters.
No major investments planned; focus remains on operational efficiency, conservative CapEx, and prioritizing profitable European markets.
Trends such as sustainability, e-commerce, and renewable materials are seen as favorable for future pulp demand.
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