Billerud Launches SEK 800 Million Cost-Saving Program, Plans Major Workforce Reduction

Billerud is implementing major cost-saving measures in response to declining profits in its European market, aiming to save SEK 800 million annually and potentially cut up to 650 jobs. These actions are designed to improve competitiveness, with most benefits expected by late 2026. Key Points of Announcement Billerud is targeting annualized cost savings of SEK 800 million by overhauling operations across Europe and global group functions. The initiative centers on lowering fixed costs, revising workflows, and reducing staff numbers in several departments, possibly affecting up to 650 positions. The program is set to deliver visible results from Q1 2026, aiming for full impact by the end of the same year. Restructuring will incur a one-time expense of SEK 350 million in the third quarter of 2025, officially listed as a non-recurring item affecting financial comparability. Management Statement President and CEO Ivar Vatne noted that these steps are necessary due to current challenges in the European paper and packaging market, emphasizing a proactive approach to cost control and sustained competitiveness. Next Steps Billerud will begin negotiations with unions to finalize workforce adjustments across affected regions. For further details, representatives Andrei Krés (CFO) and Pia Rosin (Senior Director Brand & Communication) are available for inquiries. This update was officially released on September 18, 2025, under EU Market Abuse Regulation disclosure requirements.