Holmen AB (OTCPK:HLHLY)

$ 10.9 0 (0%) Market Cap: 3.47 Bil Enterprise Value: 3.39 Bil PE Ratio: 21.88 PB Ratio: 1.17 GF Score: 87/100

Q2 2020 Holmen AB Earnings Call Transcript

Aug 13, 2020 / 12:30PM GMT

Release Date Price: $10.9

Transcript

Henrik SjÃ;lund;publ;President

Holmen AB;CEO & Director

¶ - ()- -

Good afternoon, ladies and gentlemen, and welcome to the interim report presentation for the Holmen Group. Here in Stockholm at the office, we are the usual suspects on this. It's me Henrik SjÃ¶lund, CFO; and Anders Jernhall, CEO and CFO, of course. And this quarter, the second quarter has been a very special quarter in relation to the years that we have had before and also the situation with COVID-19.

If we go back a few months, there was a lot of uncertainty in the market. I think all of us have been affected in different ways, all societies, also our own business. Now as we have proceeded during the quarter, we have a little bit better understanding how it has affected our own business. And we can say that all over, we are doing relatively well, which is also reflected in the second quarter operating profit of SEK 542 million. But we can also say that we are struggling in our paper business, which comes from a really huge drop in demand.

We are happy to say that

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