Billerud Reports Q3 Profitability Turnaround with Increased Revenue
Billerud AB reported a significant turnaround in its third-quarter financial results, posting an earnings per share (EPS) of SEK 0.85 compared to a loss of SEK 0.25 in the same period last year. Total revenue grew by 3% year-over-year to SEK 10.17 billion, representing a 2% increase on a currency-neutral basis. Despite the improved bottom line, adjusted EBITDA saw a slight decline to SEK 1.03 billion from SEK 1.06 billion, resulting in an adjusted EBITDA margin compression from 11% to 10%. Looking ahead to Q4, the company anticipates stable market conditions and expects positive pricing trends to mitigate the impact of rising input cost inflation.
Tickers: $BLRDY
Topics: earnings report EBITDA margin financial outlook revenue growth
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