Holmen reported 2025 operating profit of SEK 3,270 million, down
from SEK 3,721 million a year earlier, corresponding to an
operating margin of 15% versus 16%, as weaker wood products
performance and lower electricity prices in northern Sweden
weighed on results. Fourth-quarter operating profit was SEK 739
million, roughly flat quarter-on-quarter but hit by a SEK 160
million inventory impairment tied to sawmill-related felling
rights, while profit after tax for the year edged up to SEK
2,879 million, or SEK 18.5 per share, reflecting resilience in a
weak macro environment. The company’s forest assets were valued
at SEK 56.7 billion at year-end, about 2% lower than at the
start of the year, and management expects storm damage in
heavily affected Swedish regions to be financially manageable
within normal operations.
Board and Paper delivered strong fourth-quarter earnings of SEK
454 million thanks to healthy deliveries, low energy costs and a
focus on fresh-fibre niches that supported a 22% return on
capital employed, offsetting subdued demand and high wood costs,
while Wood Products suffered a very weak quarter with a loss of
SEK 111 million due to elevated log costs and muted construction
activity.
Holmen continued to optimise its balance sheet with SEK 1,649
million of share buybacks, representing 2.65% of its share
capital, and the board has proposed raising the ordinary
dividend from SEK 9 to SEK 9.5 per share, signalling confidence
in the company’s long-term cash generation despite ongoing
global uncertainty and cautious consumer behaviour.
About Holmen AB:
Holmen AB is a Swedish forest industry group that manages
extensive forest holdings and produces wood products, paperboard
and printing paper, as well as generating hydro and wind power.
Its operations focus on adding value to its forest and land
assets by supplying renewable packaging materials, magazines and
books, and electricity to European markets, with a strategic
emphasis on fresh-fibre niches and electricity-intensive
industrial.
Source:
tipranks.com
