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 2023 Holmen AB Earnings Call Transcript

Aug 17, 2023 / 07:00AM GMT

Release Date Price: $10.9

Transcript

Henrik Sjolund;publ;President

Holmen AB;CEO & Director

()- -

Good morning, everybody, and welcome to the interim report presentation for Holmen. My name is Henrik, and together with me, I have Anders Jernhall, the usual suspects, I think, most people we know by this time. And we do as we normally do: we go through the presentation, and then we answer the questions you have.

So let's start. Well, in the second quarter, we definitely realized that demand in general for forest-based products were a bit lower than normal based on high inflation and interest rates, and that has had an effect also on us. But still, despite that, we've been able to deliver a historic very good result of a bit over SEK 1.1 billion. And also, our cash flow has been really strong in the second quarter, meaning that we have been able to not only pay a normal dividend but also an extra dividend in total SEK 2.6 billion and also buying back shares for roughly SEK 1 billion and kept the net debt unchanged more or less through the second quarter at SEK 2.6 billion.

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