Interim report January–March 2025

Encouraging start of the year with stronger profitability and cash generation Key highlights •    Excellent earnings and higher volumes in Region North America •    Strengthened profitability in Region Europe •    Improved cash flow •    First sale of US-produced containerboard Quarterly data •    Net sales increased by 7% to SEK 11,101 million (10,423) •    Adjusted EBITDA* SEK 1,388 million (1,166) •    Adjusted EBITDA margin* 13% (11) •    Operating profit SEK 638 million (448) •    Net profit SEK 415 million (313) •    Earnings per share SEK 1.67 (1.