INS

COMPANY DESK

SCA

SCA B · XSTO

Materials

Svenska Cellulosa Aktiebolaget SCAOrg. 556012-6293ISIN SE0000112724LEI 549300FW5JDRV1IJ0M67IR site
Show on capital radar →Export evidence pack
Sources healthyNewest data 8m ago

composite

Event-driven volatility

0.35 · multi-window · 6m ago

high confidence

narrative-velocity

Insufficient data

0.00 · 72h · 6m ago

low confidence

market-activity

Mixed evidence

-0.01 · 5/20/60d · 6m ago

high confidence

corporate-events

Event-driven volatility

1.65 · 30d · 6m ago

high confidence

insider-activity

Building evidence

0.39 · 90d · 6m ago

moderate confidence

Price & volume

SCA B · daily bars · evidence markers

Public source
Loading price chart…

TIMELINE · FULL WINDOW

Price and event windows provide context only and do not establish causation.

Market data source: Free OHLC fallback (Yahoo Finance) — unofficial Yahoo OHLC fallback (low credibility).

Company brief

AI-generated from ingested evidence only

AI-generated, evidence-linkedmoderate confidencegenerated 2026-08-10 17:15

SCA — Kraftliner price hike alongside disclosed institutional shorts; PDMR activity in evidence refers to Scandi Standard, not SCA

Over the last 14 days, SCA announced a €100/tonne increase on Kraftliner prices [event:b329a235-de31-46d0-be2d-0d9129a2c4a8, event:df8cb2a6-c31f-4f25-8d6c-45cc04a6f9c0], the dominant fundamental event in the window. Two significant net short positions were disclosed to FI on 2026-08-10: BlackRock Advisors LLC 1.08% and AQR Capital Management LLC 0.89%, summing to ~1.97% of shares [capital:shorts:e2eb6fd9-5cb4-481e-8c3d-8163ef3a1095, event:5f7ad356-c83b-4902-a53b-cd7e642a4c5f, event:66614e16-ec96-4528-8003-521dfd32bdbe]. Three PDMR buy filings also appear in the evidence window, but the extracts identify the issuer as Scandi Standard AB, not SCA [event:a3f0c83d-a146-4068-9af1-93b1ed4f620d, event:35b84bd3-1581-476b-80a5-01bba9eab102, event:94ead0d2-3ff1-4c45-91ae-f10bd37a04f3], which means the pre-computed insider-activity signal appears to be picking up an unrelated issuer and should not be read as SCA-specific insider buying.

Why it may matter: The Kraftliner price hike is a direct read on SCA's pricing power in containerboard and is the type of issuer-led event that typically drives event-driven volatility — consistent with the composite label. The FI Blankning disclosures are notable because they were just published on 2026-08-10 and cross the ≥0.5% reporting threshold for two well-known systematic/quant houses, which is a mechanism that can amplify positioning discussions even though the absolute disclosed short is modest. The PDMR caveat matters because it prevents a misread of insider sentiment — buying at Scandi Standard tells us nothing about SCA's own management conviction.

Confidence rationale: The FI Blankning and issuer IR press releases are primary, high-credibility sources (credibility 0.95–1.0) and recent (July–August 2026). The composite confidence is reduced to moderate primarily because (a) the insider-activity signal is contradicted by the explicit issuer labels in the PDMR extracts showing Scandi Standard rather than SCA, and (b) market-activity and narrative-velocity signals are mixed/insufficient, limiting the corroboration of the event-driven volatility thesis. The short-side evidence is credible but limited in scope (only ≥0.5% positions disclosed), which is a standard FI caveat.

Claims & evidence

  • supportingTwo significant net short positions in SCA were disclosed by BlackRock Advisors LLC (1.08%) and AQR Capital Management LLC (0.89%), aggregating to ~1.97%, as of end-July 2026 and published 2026-08-10.

    • +Source document· Finansinspektionen net short positions· undatedPublic source
    • +Source document· Finansinspektionen net short positions· undatedPublic source
    • +Source document· Finansinspektionen net short positions· undatedPublic source

  • supportingSCA announced a €100/tonne price increase on Kraftliner products, published 2026-08-06 via Issuer IR.

  • caveatThe disclosed short positions are net shorts above the 0.5% FI reporting threshold, not total free-float short interest; the aggregate understates the true short book.

    • +Source document· Finansinspektionen net short positions· undatedPublic source

  • contradictingThe three PDMR buy filings in the evidence window are explicitly for Scandi Standard AB at SEK 138.62–140, not for SCA — the insider-activity pre-computed signal labelled 'building-evidence' therefore appears to be driven by an unrelated issuer.

  • supportingThere were no FI flaggning (major holdings) notifications for SCA in the supplied window (notificationCount=0).

    • +Source document· Finansinspektionen net short positions· undatedPublic source

  • caveatComposite signal flags event-driven-volatility (value 0.328, confidence 0.72), consistent with the issuer-led price hike as the dominant near-term catalyst; narrative-velocity is insufficient and market-activity is mixed, reducing corroboration.

    • +Source document· Finansinspektionen net short positions· undatedPublic source

  • open-questionOpen question: whether any genuine SCA PDMR insider transactions occurred in the last 14 days, since the only PDMR evidence in the window is for Scandi Standard AB.

  • contradictingThe PDMR records underpinning the insider-activity signal are purchases by Paulo Gaspar in Scandi Standard AB (906 @ 140 SEK on 2026-08-10, 1000 @ 140 SEK on 2026-08-10, and 2129 @ 138.62 SEK on 2026-07-30), not in Svenska Cellulosa Aktiebolaget SCA. The 'building-evidence' label for SCA therefore appears misattributed to a different issuer. (severity: serious)

  • contradictingDisclosed net short positions from two sophisticated holders — BlackRock Advisors LLC at 1.08% (as of 2026-07-31) and AQR Capital Management LLC at 0.89% (as of 2026-07-30) — were in place around the same window, aggregating to ~1.97% reported short exposure. The presence of disclosed shorts alongside a positive pricing announcement is a mixed signal rather than a clean positive. (severity: minor)

Alternative interpretations

  • The €100/tonne Kraftliner increase could reflect genuine pricing power, or alternatively a pass-through of higher pulp/freight input costs rather than margin expansion — the evidence does not distinguish between these.
  • The disclosed net shorts of ~1.97% are above the FI 0.5% reporting threshold but well below levels historically associated with crowded bearish bets on Swedish large-caps; the signal could be either a routine re-disclosure by systematic desks or a directional view, and the data does not settle which.
  • The 'building-evidence' insider-activity pre-computed signal may simply be a data-attribution artefact where Scandi Standard transactions were pulled into the SCA feed; the alternative is that Paulo Gaspar serves on the SCA board and the filing was mis-labelled, but the extracts unambiguously say Scandi Standard AB.

Open questions

  • Has SCA itself seen any PDMR/MAR insider transactions in the last 14 days, or are the only insider filings in the window the Scandi Standard ones (which would mean the insider-activity signal is misattributed)?
  • What is total free-float short interest in SCA beyond the two ≥0.5% disclosed positions? The FI figure is only disclosed significant net shorts, not the full picture.
  • Will the announced €100/tonne Kraftliner increase be fully realised in negotiations with key customers, and on what timeline?
  • Has the board composition changed such that Paulo Gaspar could plausibly be an SCA insider, or are these purely Scandi Standard filings routed through a shared entity?

Supporting sources

What changed

40 events

other—

SCA höjer priserna på Kraftliner med 100 euro per ton

SCAIssuer IR via MFN (press rooms)Public sourcelow confidenceSource
other—

SCA to increase Kraftliner prices by €100 per tonne

SCAIssuer IR via MFN (press rooms)Public sourcelow confidenceSource
Insider transactionpositive—

Paulo Gaspar (Member of the Board of Directors) reported purchase of ≈ 140 tkr

Reported to FI: buy of 1000 Quantity Scandi Standard AB at 140 kr. Nature: open-market.

SCAFinansinspektionen PDMR registerPublic sourcelow confidenceSource
Insider transactionpositive—

Paulo Gaspar (Member of the Board of Directors) reported purchase of ≈ 127 tkr

Reported to FI: buy of 906 Quantity Scandi Standard AB at 140 kr. Nature: open-market.

SCAFinansinspektionen PDMR registerPublic sourcelow confidenceSource
regulatorynegative—

Net short 1.08% — BlackRock Advisors LLC in Svenska Cellulosa Aktiebolaget SCA

BlackRock Advisors LLC reports net short 1.08% in Svenska Cellulosa Aktiebolaget SCA.

SCAFinansinspektionen net short positionsPublic sourcelow confidenceSource
regulatorynegative—

Net short 0.89% — AQR Capital Management LLC in Svenska Cellulosa Aktiebolaget SCA

AQR Capital Management LLC reports net short 0.89% in Svenska Cellulosa Aktiebolaget SCA.

SCAFinansinspektionen net short positionsPublic sourcelow confidenceSource
Insider transactionpositive—

Paulo Gaspar (Member of the Board of Directors) reported purchase of ≈ 295 tkr

Reported to FI: buy of 2129 Quantity Scandi Standard AB at 138,62 kr. Nature: open-market.

SCAFinansinspektionen PDMR registerPublic sourcelow confidenceSource
Earnings—

SCA: Half-year report, Q2 2026

SCAIssuer IR via MFN (press rooms)Public sourcelow confidenceSource
Earnings—

SCA: Halvårsrapport Q2 2026

SCAIssuer IR via MFN (press rooms)Public sourcelow confidenceSource
regulatorynegative—

Net short 0.60% — BlackRock Financial Management Inc in Svenska Cellulosa Aktiebolaget SCA

BlackRock Financial Management Inc reports net short 0.60% in Svenska Cellulosa Aktiebolaget SCA.

SCAFinansinspektionen net short positionsPublic sourcelow confidenceSource
regulatorynegative—

Net short 0.60% — Acadian Asset Management LLC in Svenska Cellulosa Aktiebolaget SCA

Acadian Asset Management LLC reports net short 0.60% in Svenska Cellulosa Aktiebolaget SCA.

SCAFinansinspektionen net short positionsPublic sourcelow confidenceSource
regulatorynegative—

Net short 0.60% — CAISSE DE DEPOT ET PLACEMENT DU QUEBEC in Svenska Cellulosa Aktiebolaget SCA

CAISSE DE DEPOT ET PLACEMENT DU QUEBEC reports net short 0.60% in Svenska Cellulosa Aktiebolaget SCA.

SCAFinansinspektionen net short positionsPublic sourcelow confidenceSource
other—

SCA uppdatera MTN-program och offentliggör prospekt

SCAIssuer IR via MFN (press rooms)Public sourcelow confidenceSource
other—

SCA updates MTN programme and publishes prospectus

SCAIssuer IR via MFN (press rooms)Public sourcelow confidenceSource
regulatorynegative—

Net short 0.60% — Capital Fund Management SA in Scandic Hotels Group AB

Capital Fund Management SA reports net short 0.60% in Scandic Hotels Group AB.

SCAFinansinspektionen net short positionsPublic sourcelow confidenceSource

Capital structure (FI)

Blankning + Flaggning aggregates

RADAR →

Net shorts (Blankning)

Σ 4.37%

6 position(s) · 6 holder(s) · as of 2026-07-31

  • BlackRock Advisors LLC1.08%
  • AQR Capital Management LLC0.89%
  • Acadian Asset Management LLC0.60%
  • BlackRock Financial Management Inc0.60%
  • CAISSE DE DEPOT ET PLACEMENT DU QUEBEC0.60%

Disclosed significant net shorts (≥0.5%), not total free-float short interest.

Major holdings (Flaggning)

No notifications in register slice.

Reported insider transactions

FI PDMR register · trend vs share-price window

PDMR TREND · 14D

Net insider buying · 562 tkr net in

562 tkr

net disclosed

In 562 tkrOut 0 kr0 sellers · 1 buyerPrice +2,2 % · Buys into strength
  • Buy Paulo Gaspar · Member of the Board of Directors562 tkr

0 sell / 3 buy print(s) from 1 unique PDMR(s) in 14d. Reported sells 0 kr, buys 562 tkr. Share price over the same 14d window: +2,2 % — buys into a rising tape. Based solely on Finansinspektionen PDMR disclosures.

  • SCA

    Paulo Gaspar

    Member of the Board of Directors

    BUY
    140 tkr2026-08-05open-market
  • SCA

    Paulo Gaspar

    Member of the Board of Directors

    BUY
    127 tkr2026-08-04open-market
  • SCA

    Paulo Gaspar

    Member of the Board of Directors

    BUY
    295 tkr2026-07-29open-market

Announcements & filings

  • SCA höjer priserna på Kraftliner med 100 euro per ton

    Announcement4d agoIssuer IR via MFN (press rooms)Source

  • SCA to increase Kraftliner prices by €100 per tonne

    Announcement4d agoIssuer IR via MFN (press rooms)Source

  • SCA: Half-year report, Q2 2026

    interim-report19d agoIssuer IR via MFN (press rooms)Source

  • SCA: Halvårsrapport Q2 2026

    interim-report19d agoIssuer IR via MFN (press rooms)Source

  • SCA uppdatera MTN-program och offentliggör prospekt

    Announcement2026-06-12Issuer IR via MFN (press rooms)Source

  • SCA updates MTN programme and publishes prospectus

    Announcement2026-06-12Issuer IR via MFN (press rooms)Source

  • SCA: Ny rapport: EU-policy hotar 35 000 svenska jobb

    Announcement2026-05-05Issuer IR via MFN (press rooms)Source

  • SCA utser ny hållbarhets- och kommunikationsdirektör

    Announcement2026-05-04Issuer IR via MFN (press rooms)Source

  • SCA appoints new SVP Sustainability and Communications

    Announcement2026-05-04Issuer IR via MFN (press rooms)Source

  • SCA: Interim report, Q1 2026

    interim-report2026-04-24Issuer IR via MFN (press rooms)Source

  • SCA: Delårsrapport Q1 2026

    interim-report2026-04-24Issuer IR via MFN (press rooms)Source

  • SCA: Conversion of shares

    Announcement2026-03-31Issuer IR via MFN (press rooms)Source

  • SCA: Aktieomvandling

    Announcement2026-03-31Issuer IR via MFN (press rooms)Source

  • SCA's Annual General Meeting 2026

    Announcement2026-03-27Issuer IR via MFN (press rooms)Source

  • SCAs årsstämma 2026

    Announcement2026-03-27Issuer IR via MFN (press rooms)Source

  • SCA och Svenska Samernas Riksförbund enas om långsiktig samverkan mellan skogsbruk och rennäring

    Announcement2026-03-25Issuer IR via MFN (press rooms)Source

  • SCA and Swedish Sámi National Association agree on long-term collaboration between forestry and reindeer husbandry

    Announcement2026-03-25Issuer IR via MFN (press rooms)Source

  • Unique beetle discovery on SCA land in Västerbotten

    Announcement2026-03-13Issuer IR via MFN (press rooms)Source

  • Fynd av unik skalbagge på SCA-mark i Västerbotten

    Announcement2026-03-13Issuer IR via MFN (press rooms)Source

  • SCA höjer priset på kraftliner med 100 euro per ton.

    Announcement2026-03-12Issuer IR via MFN (press rooms)Source

  • SCA to increase kraftliner prices by € 100 per tonne

    Announcement2026-03-12Issuer IR via MFN (press rooms)Source

  • SCA's record rail volumes save over 50,000 tonnes of carbon dioxide.

    Announcement2026-03-12Issuer IR via MFN (press rooms)Source

  • SCAs rekordvolymer på räls sparar över 50 000 ton koldioxid

    Announcement2026-03-12Issuer IR via MFN (press rooms)Source

  • SCA: Nästan 31 000 hektar ny nyckelbiotop inrapporterat

    Announcement2026-03-05Issuer IR via MFN (press rooms)Source

  • SCA: Almost 31,000 hectares of new key habitats reported

    Announcement2026-03-05Issuer IR via MFN (press rooms)Source

Key people

  • Paulo Gaspar

    Member of the Board of Directors

    high confidence

Themes

  • Rising oil prices and downstream cost pressuresmoderate confidence

    Detected via 5 evidence records

  • Swedish demographic and labour-market headwindslow confidence

    Detected via 3 evidence records

Related companies

  • Hexagonvia Swedish demographic and labour-market headwinds
  • Essityvia Rising oil prices and downstream cost pressures
  • Volvo Groupvia Rising oil prices and downstream cost pressures
  • Bolidenvia Materials peer

Explore

Open in company explorer →All intelligence for SCA →