Company Performance: Billerud's financial results (revenue, profit, margins) directly impact its stock price. Strong performance often leads to price increases, while weak results can cause declines.

Market Conditions: Overall stock market sentiment and economic conditions influence BINV.ST. A bullish market tends to lift most stocks, while a bearish market can drag them down.

Industry Trends: Developments in the pulp and paper industry, such as changes in demand, raw material prices, and technological advancements, affect investor perception of Billerud.

Investor Sentiment: The overall attitude and expectations of investors regarding Billerud and the industry play a role. Positive news and analyst upgrades can boost sentiment and drive prices up.

Macroeconomic Factors: Interest rates, inflation, and currency exchange rates influence Billerud's profitability and therefore its stock price. Changes in these factors can affect investor confidence.

Competitor Performance: How Billerud's competitors are performing affects investor evaluation. Outperformance by competitors can put downward pressure on BINV.ST.

Dividend Policy: Billerud's dividend payouts and policies influence investor demand. Higher or increasing dividends can attract investors and support the stock price.

News and Events: Company-specific news, such as acquisitions, divestitures, or major contracts, can cause significant price fluctuations.

Regulatory Changes: New environmental regulations or trade policies impacting the pulp and paper industry affect Billerud's business and stock price.

Management Decisions: Strategic decisions by Billerud's management team, like capacity expansions or cost-cutting measures, affect investor confidence and the stock's valuation.