Svenska Cellulosa Aktiebolaget SCA (publ) (SVCBF) Q2 2025 Earnings Call Transcript

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCPK:SVCBF) Q2 2025 Earnings Conference Call July 25, 2025 4:00 AM ET

Company Participants

Anders Edholm – Senior Vice President of Sustainability & Communications
Andreas Ewertz – Chief Financial Officer
Ulf Larsson – President, CEO & Director

Conference Call Participants

Andrew Ian Jones – UBS Investment Bank, Research Division
Charlie Muir-Sands – BNP Paribas Exane, Research Division
Cole Hathorn – Jefferies LLC, Research Division
Ephrem Ravi – Citigroup Inc., Research Division
Ioannis Masvoulas – Morgan Stanley, Research Division
James Perry – Citigroup Inc., Research Division
Lars F. Kjellberg – Stifel, Nicolaus & Company, Incorporated, Research Division
Linus Larsson – SEB, Research Division
Martin Melbye – ABG Sundal Collier Holding ASA, Research Division
Oskar Lindstrom – Danske Bank A/S, Research Division
Pallav Mittal – Barclays Bank PLC, Research Division

Anders Edholm

Good morning, and welcome to this presentation of SCA’s 2025 Half Year Results. With me here today, I have President and CEO, Ulf Larsson; and CFO, Andreas Ewertz to go through the results and take your questions.

Over to you, Ulf.

Ulf Larsson

Thank you for that, Anders. And also from my side, good morning, and a warm welcome to the presentation of our results for the second quarter 2025.

During the second quarter, we continued to deliver good profitability in a challenging environment and are high degree of self- sufficiency in strategic areas, mitigated higher costs, not the least related to wood raw materials. We reached a bit over SEK 2 billion on EBITDA level, and by that, an EBITDA margin of 38% for the second quarter. In the quarter, SCA had higher prices and the really strong production, good delivery volumes in both Wood and Containerboard. The volume increase has not the least been related to Bollsta sawmill and Obbola Containerboard mill where we have performed strategic investments.