Sweden · Delayed Price · Currency is SEK Holmen AB Earnings Call Transcripts
Fiscal Year 2026
-
Q1 saw strong results in Forest and Energy divisions, offset by weak Wood and Board/Paper segments due to high costs and soft demand. Financial position remains robust after a SEK 1.5 billion dividend, with stable CapEx and a share buyback mandate in place.
Fiscal Year 2025
-
Full-year 2025 earnings reached SEK 3.3 billion despite weak demand and high wood costs, with Q4 results boosted by one-off gains in board and paper. The board proposes a dividend increase to SEK 9.50, while market and energy volatility, high wood costs, and a recent storm pose ongoing challenges.
-
Q3 saw continued weak demand and price pressure, especially in wood products, while board and paper segments maintained stable results despite overcapacity. Lower electricity costs and disciplined capital allocation supported profitability, but market outlook remains cautious.
-
Q2 saw resilient profits above SEK 800 million, strong shareholder returns, and significant energy cost savings, despite weak demand and volatile markets. Wood product prices are under pressure, and capacity is being reduced, while board and paper segments benefit from energy optimization.
-
Strong Q1 results were driven by board and paper, with low energy costs and stable prices, but significant uncertainty remains in wood products and construction markets due to high sawlog prices and weak demand. Share buyback and dividend were executed while maintaining a strong balance sheet.
Fiscal Year 2024
-
Q4 2024 profit reached SEK 700 million, with full-year profit at SEK 3.7 billion. High wood costs and low energy prices in Sweden pressured margins, but board and paper segments remained resilient. CapEx for 2025 is set at SEK 2.5 billion, with stable pricing expected.
-
Q3 saw strong board and paper results, offsetting weak wood products and energy segments amid high log costs and low electricity prices. Q4 faces headwinds from maintenance shutdowns, lower demand, and continued market challenges.
-
Q2 profit exceeded SEK 980 million, driven by strong board and paper performance and higher wood prices. Share buybacks and major sawmill investments reflect a robust balance sheet, while market demand remains subdued but stable in key segments.