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Q2 2024 Adjusted EBITDA was $272 million compared to $200 million in the Q1 2024.
Q2 2024 Adjusted EBITDA was $272 million compared to $200 million in the Q1 2024.
The pellet production segment saw improvements with better margins.
Adjusted EBITDA for Q2 2024 was $410 million, compared with $469 million for the same period last year and $352 million for Q1 2024.
Operating profit totalled SEK 398 million ($36.7 million), representing an operating margin of 5%. Return on capital employed was 8% and the equity ratio was 60%.
Q2 2024 cash provided by operations of $365 million and returned $160 million to shareholders in dividends.
In the Q2 2024, all four of Inwido's business areas reported higher order intake, both overall and organically. The total increase was 22% compared to the corresponding quarter in the previous year, and organically the order intake increased by 10%.
Sveaskog’s Q2 operating profit increased by 8%.
EBITA increased 27% to SEK 5,237 million.
D.R. Horton's Homebuilding revenue for the first nine months of fiscal 2024 increased 9% to $25.0 billion compared to $22.9 billion in the same period of fiscal 2023.
During the Q2, higher sales prices and reduced fixed costs contributed to an improvement in results compared to the same period last year. However, the timber price level continues to rise, putting pressure on Setra’s margins.
The Q2 EBITDA was positively impacted by insurance at Norske Skog Saugbrugs of NOK 338 million ($31.5 million).
The update reflects Raute's strong order backlog and better-than-anticipated performance in project deliveries and services.
Kemira's revenue is expected to be between Euro 2,800 million and Euro 3,200 million in 2024 (reported 2023 revenue: Euro 3,383.7 million).
Q1 2024 Adjusted EBITDA grew 6.3% to $45.6 million, from $42.9 million during the same period in 2023.
If lumber prices do not increase, Swedish sawmills will show catastrophic results in the autumn when the current wood raw material prices reflect in their financials.
Revenue has decreased due to some material prices stabilizing at a lower level which are less than the prior few years and a more competitive construction market fueled by interest rate hikes by the Bank of Canada.
Adjusted EBITDA was $39 million, or 5.3% of net sales, for the Q1 2024, compared to $47 million, or 5.9% of net sales in the Q1 2023, which includes the net benefit of duty-related items.
The revenue decline was primarily due to lower sales volumes.
Iberpapel reported a net profit of Euro 3.93 million in 1Q 2024, year-on-year growth of 0.64%. EBITDA amounted to Euro 7.68 million, down 6.93% from 1Q 2023.
Adjusted EBITDA for Q1 2024 was negative $3.5 million compared to negative $18.0 million in Q4 2023. In Q1 2024, this represents a positive contribution from the Company’s lumber operations and a negative contribution from the paper operations and overhead.