Rottneros (RROS) Q4 2025 earnings summary

Executive summary

• Net turnover for 2025 declined 6% year-over-year to 2,539 MSEK, with higher sales volumes offset by lower prices and a stronger SEK.

• EBITDA for the year was -253 MSEK, down from 179 MSEK in 2024, mainly due to lower sales prices, a stronger SEK, and inventory write-downs.

• Net income for 2025 was -452 MSEK, compared to 20 MSEK in 2024.

• Cost savings program reduced fixed costs by 45 MSEK annually, exceeding targets.

• No dividend proposed for 2025.

Financial highlights

• Net turnover: 2,539 MSEK (down 6% year-over-year).

• EBITDA: -253 MSEK (179 MSEK in 2024).

• EBIT: -540 MSEK (47 MSEK in 2024).

• Net income: -452 MSEK (20 MSEK in 2024).

• Earnings per share: -2.10 SEK (0.08 SEK in 2024).

• Equity/assets ratio: 60% (59% in 2024).

• Net debt: 339 MSEK (393 MSEK in 2024).

Outlook and guidance

• Pulp prices began to rise after year-end, with further increases announced for Q1 2026.

• Wood prices are expected to continue declining in the first half of 2026.

• Profitability covenants are not expected to be met in coming quarters; ongoing dialogue with lenders to secure long-term operations.

• Investments for 2026 estimated below 100 MSEK.