SCA stock heads toward October 23 results after Q2 margin pressure

Published on 10/07/2026 at 14:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SCA stock carries a 25 percent EBITDA margin for Q2 2026 after SEK 1.3 billion in EBITDA. Net sales fell 4 percent to SEK 5.15 billion.

Aquarellbild einer schwedischen Hafenstadt mit Papiermühle, Wald und Flussufer — Aquarellmalerei zeigt Svenska Cellulosa AB SCA (SE0000112724) als schwedische Hafenstadt mit Papiermühle am Fluss, Illustration mit AI erstellt.

SCA stock (ISIN SE0000112724) was trading at SEK 117.30 on Nasdaq Stockholm on October 7, 2026, at 2:18 p.m. CEST, down 1.51 percent from the previous close. The next major checkpoint is the company's Q3 report on October 23, 2026, according to SCA.

Q2 margin shows the pressure

SCA's second-quarter EBITDA reached SEK 1.3 billion, producing a 25 percent EBITDA margin, according to SCA in its Q2 2026 investor material. Net sales decreased 4 percent year over year to SEK 5.15 billion, while net profit came to SEK 523 million, or SEK 0.74 per share.

The comparison with Q2 2025 remains demanding: EBITDA fell 36 percent, reflecting lower prices, negative currency effects, higher raw material costs and planned maintenance. The company also reported a SEK 147 million negative impact from the maintenance stop at its Obbola mill, according to Yahoo Finance.

Price increases meet weak demand

The operating picture is mixed across SCA's businesses. Management said demand and pricing improved in Containerboard during Q2, while pulp and solid wood products remained under pressure; the Q2 transcript also recorded a 25 percent EBITDA margin and SEK 1.3 billion of EBITDA.

Kraftliner provides the clearest earnings lever for the second half of 2026. SCA announced a EUR 100 per tonne increase for all European Kraftliner grades from September 1, 2026, a measure that should feed into results with a delay. The counterweight is cost and market volatility: fuel prices hurt Forest and Industry in Q2, while Renewable Energy benefited from higher margins.

Analyst target sits below the price

The consensus listed by MarketScreener is Outperform from 14 analysts, with an average target of SEK 116.93. That target is 0.32 percent below the SEK 117.30 trading price, so the consensus does not imply additional upside at that reference level.

SCA's Q3 report is scheduled for October 23, 2026, with the company due to discuss whether Kraftliner price increases and lower raw material costs can offset weaker pulp and wood markets. For investors, the key test is whether the 25 percent Q2 EBITDA margin can stabilize as pricing actions reach the income statement.

SCA stock trades below its yearly high

SCA stock was last at SEK 117.30 on Nasdaq Stockholm on October 7, 2026, at 2:18 p.m. CEST. Its 52-week range is SEK 96.02 to SEK 129.60, while market capitalization is SEK 82.4 billion and volume is 303,504 shares.