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 2284 2473
Sales growth (%) 11,1 15,3 8,3
EBITDA 247 345 435
EBITDA margin (%) 12,5 15,1 17,6
EBIT adj 166 248 338
EBIT adj margin (%) 8,4 10,8 13,7
Pretax profit 147 231 323
EPS rep 0,75 1,2 1,65
EPS growth (%) -10,9 60,4 37,9
EPS adj 0,81 1,2 1,65
DPS 0,4 0,37 0,6
EV/EBITDA (x) 4,7 5,8 4,2
EV/EBIT adj (x) 7 8 5,4
P/E (x) 9,6 9,7 7,1
P/E adj (x) 8,8 9,7 7,1
EV/sales (x) 0,6 0,9 0,7
FCF yield (%) -1,4 -4,6 14,2
Dividend yield (%) 5,6 3,1 5,1
Net IB debt/EBITDA 0,3 0,6 0,1