Rottneros (RROS) Q3 2026 earnings summary

Executive summary

• Q3 EBITDA improved SEK 47m YoY to SEK 26m, mainly as variable costs fell; demand in prioritized niches remained stable.

• Planned summer and maintenance shutdowns constrained production; most of Vallvik’s annual shutdown impact is expected in Q4.

Financial highlights

• Q3 net turnover was SEK 570m, down 1% YoY; EBIT was SEK -11m vs. SEK -58m and net income SEK -15m vs. SEK -52m.

• Q3 variable costs fell SEK 51m, while fixed costs rose SEK 6m; lower wood costs were the main driver of the EBITDA improvement.

• Jan–Sep turnover was SEK 1,804m, down 8%; EBITDA was SEK 20m vs. SEK -63m and EBIT SEK -91m vs. SEK -312m. Lower pulp prices, stronger SEK and production below plan weighed on results.

• Wood accounted for 45% of Jan–Sep costs and was the largest cost item.

• Q3 EBITDA included SEK 8m from emission allowance sales and SEK 8m from reversal of an inventory write-down.

Outlook and guidance

• FY 2026 investments are expected at SEK 60m–65m, focused on production stability and availability, versus SEK 166m in 2025.

• Vallvik’s annual shutdown is estimated to affect income by SEK 70m–80m; most impact falls in Q4, including maintenance costs and lost pulp gross margin.

• The 2030 production target is 415,000 tonnes; rolling 12-month production was 335,000 tonnes.