Svenska Cellulosa SCA AB
SCA B
ISIN SE0000112724 / Valor 614418
Svenska Cellulosa SCA AB
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About company
Svenska Cellulosa SCA AB is a prominent Swedish forestry company focused on the sustainable harvesting and processing of timber from northern Sweden. The company offers comprehensive sea and land transportation services across Europe and to international markets, ensuring efficient distribution of its high-quality raw materials. SCA efficiently utilizes the entire tree by refining wood in sawmills into a variety of products, including window components, painted panels, and shelves, with over half of each log dedicated to solid wood products. Additionally, the company converts residual materials into wood chips for pulp production and shavings for pellet manufacturing, while the bark is used for energy production. Through its integrated operations, SCA maintains a diversified product portfolio and optimizes resource use within the forestry sector.
Summarized from source with an LLMView SourceSector: Non-Energy MaterialsLatest Results (12.05.2026):
Svenska Cellulosa SCA AB — Interim Report Q1 2026 (January–March 2026): net sales fell 8% year‑on‑year to SEK 4,740m; EBITDA declined to SEK 1,107m (‑33%) with a margin of 23.4% (vs 32.0% a year earlier); operating profit was SEK 543m (‑51%); earnings per share SEK 0.54 (Q1 2025: 1.14). Operating cash flow improved to SEK 569m and net debt rose to SEK 11,942m (net debt/EBITDA LTM 2.0x). The report cites lower selling prices, negative currency effects and higher raw‑material/energy costs as main drivers, partly mitigated by SCA’s integrated wood, energy and logistics position and strong Renewable Energy results.
Key financials (Q1 2026)
Net sales SEK 4,740m (‑8% vs Q1 2025). EBITDA SEK 1,107m (‑33%); EBITDA margin 23.4% (32.0). Operating profit SEK 543m (‑51%). Earnings per share SEK 0.54. Tax expense SEK 77m (effective tax rate 16.9%).
Cash flow and balance sheet
Operating cash flow SEK 569m (up from 485). Operating cash surplus was SEK 628m after non‑cash items; working capital contributed SEK 298m. Net debt increased by SEK 1,003m in the quarter to SEK 11,942m; net debt/EBITDA (LTM) 2.0x. Approved dividend SEK 2,107m was held as cash at 31 Mar 2026 (paid April 7).
Segment highlights (Q1 2026)
Forest: resilient — EBITDA SEK 884m (stable). Wood: weaker — net sales SEK 1,303m, EBITDA SEK 49m (‑79%). Pulp: impacted by prices/currency — net sales SEK 1,623m, EBITDA SEK 40m. Containerboard: deliveries up but margin down — EBITDA SEK 104m (‑56%). Renewable Energy: strong quarter — EBITDA SEK 206m (+54%), supported by higher electricity and biofuel prices and commissioning of new wind farm (Fasikan).
Main drivers and mitigation
Primary negative drivers: lower selling prices, adverse exchange rate effects and higher raw‑material/energy costs. Mitigants: high self‑sufficiency in wood raw material, energy and logistics, active cost control and seasonal/operational adjustments. Geopolitical uncertainty and commodity price volatility noted as ongoing risks.
Other points to note
Change in value of biological assets contributed SEK +427m (recognized in income statement); land revaluation impacted other comprehensive income (‑143m). Currency hedging: SCA had hedged a significant share of expected USD/EUR exposure for near terms (see report). Planned maintenance stops minimal in Q1; strategic capex SEK 130m (Q1).
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
7057 M
Market cap (USD)
2,141,048
Daily traded volume (Shares)
140.05 / 136
1 day high/low (USD)
52 weeks high/low (USD)
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Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
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EPS (USD)
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