Q3 2025 Holmen AB Earnings Call Transcript
Key Points
- Holmen AB (FRA:HL9C) achieved a decent result of over SEK700 million in the third quarter despite challenging market conditions.
- The company delivered a 15% return on capital employed during the first nine months of the year.
- Holmen AB distributed over SEK3 billion in dividends and buybacks from January to September 2025.
- The forest division reported a profit increase to SEK538 million in the third quarter, up by SEK20 million from the second quarter.
- The company effectively managed energy costs, resulting in significantly lower electricity expenses in the board and paper division.
- Holmen AB faced low demand for wood products, impacting overall performance.
- The renewable energy segment is loss-making due to low electricity prices in northern Sweden.
- The wood products segment reported a loss of SEK91 million in the third quarter due to declining selling prices and inventory write-downs.
- There is ongoing price pressure in the wood products market, with prices down 5% to 10% quarter over quarter.
- The board and paper segment faces challenges with overcapacity and price pressure for marginal volumes.
Good morning, and welcome to the interim report presentation for the Holmen Group. Today it is me, Henrik Sjolund, and Stefan Loréhn. We will go through the presentation and then we are happy to take any questions you might have. I know it is a busy day for you, so special thank you for taking the time to discuss with us.
Well, the third quarter, challenging market conditions, bit the same message as we actually had after the second quarter. This quarter, well, low demand for wood products. We also have, despite low utilization rate and very expensive wood, we have again a very good result from wood and paper.
All in all, a bit over SEK700 million, a decent result when it comes to Holmen. If you look at our industry, not only wood products, but also board and paper together, so far this year during the first nine months, we've been able to deliver 15% return on capital employed.
And If we look at our financial position and what we have done, Stefan, we have We have distributed a bit over SEK3 billion in
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
