Specialists in pulp

Rottneros

Rottneros produces mechanical and chemical pulp, which is used in a wide range of applications, i.e. packaging (27%), paper (26%), filters (18%), special applications (13%), electrotechnical applications (10%) and tissue (6%). Most of the group’s products are sold on the European market, which accounts for ~75% of its revenues. Through its Agenda 500 strategic plan, Rottneros has invested ~SEK 700m to increase its capacity from an annual production of 345,000 tonnes pulp in 2014 to a long-term capacity of 460,000-500,000 tonnes. In 2016, Rottneros also initiated the development of a new business area, Rottneros Packaging.

Financials

ROTTNEROS

SEKm 2017 2018 2019
Sales 1981 2373 2608
Sales growth (%) 11,1 19,8 9,9
EBITDA 247 424 455
EBITDA margin (%) 12,5 17,9 17,5
EBIT adj 166 331 362
EBIT adj margin (%) 8,4 13,9 13,9
Pretax profit 147 313 348
EPS rep 0,75 1,62 1,78
EPS growth (%) -10,9 116,3 10,1
EPS adj 0,81 1,62 1,78
DPS 0,4 0,37 0,81
EV/EBITDA (x) 4,7 4,5 3,9
EV/EBIT adj (x) 7 5,8 4,9
P/E (x) 9,6 6,8 6,2
P/E adj (x) 8,8 6,8 6,2
EV/sales (x) 0,6 0,8 0,7
FCF yield (%) -1,4 -6,2 15,6
Dividend yield (%) 5,6 3,3 7,4
Net IB debt/EBITDA 0,3 0,5 0,2

Main shareholders

Rottneros

Main shareholders Share capital % Voting shares % Verified
Arctic Paper SA 51.0 % 51.0 % 30 Sep 2018
Proad AB 5.3 % 5.3 % 30 Sep 2018
Avanza Pension 2.1 % 2.1 % 30 Sep 2018
Dimensional Fund Advisors 1.7 % 1.7 % 31 Aug 2018
Henrik Lind (Lind Invest) 1.2 % 1.2 % 30 Sep 2018
WisdomTree Asset Management Inc 1.0 % 1.0 % 16 Oct 2018
SEB Fonder 1.0 % 1.0 % 30 Sep 2018
Staffan Bolinder 0.8 % 0.8 % 30 Sep 2018
Joakim Borell 0.8 % 0.8 % 30 Sep 2018
Nordnet Pensionsförsäkring 0.7 % 0.7 % 30 Sep 2018

Insider list

Rottneros

Name
MONICA STILL PASANEN
Ingemar Eliasson
Fiduciam Ekonomi AB
Karlsson, Dan
ELIASSON, INGEMAR
Lundberg, Ragnar
Wasberg, Thomas
ELIASSON, INGEMAR
LUNDEEN, PER
LINDGREN, KRISTER
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