Holmen AB

HOLM A

Equity

ISIN SE0011090000 / Valor 41359973

NASDAQ Nordic Exchange Stockholm, Equities (2024-12-23)

SEK 396.00+1.02%

Holmen AB
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About company

Holmen AB is a company that focuses on refining wood, the only completely renewable construction material, in modern sawmills located close to their forest holdings in Sweden. They produce sawn and refined wood products for various industries, as well as offer customised solutions for climate-smart, large-scale building in wood. Additionally, Holmen produces premium paperboard and innovative paper products for a wide range of applications. Their business is centered around the forest ecocycle and the renewable products they can create from it, with business areas including Forest, Wood Products, Board and Paper, and Renewable Energy. With a workforce of 3,500 people, Holmen generates sales of around SEK 24 billion and is listed on Nasdaq Stockholm, Large Cap.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Q1 2023 Revenue Overview

In the first quarter of 2023, Holmen AB reported a robust revenue growth, reflecting strong market demand across most of its business segments. The company's strategic initiatives to enhance operational efficiency and market reach have positively impacted the revenue streams during this period.

Q1 2023 Net Income

Holmen AB's net income for Q1 2023 saw a significant increase compared to the same quarter last year. This improvement is attributed to higher sales volumes and cost optimization measures that have been effectively implemented across the company's operations.

Q1 2023 Earnings Per Share

The earnings per share (EPS) for Holmen AB in the first quarter of 2023 experienced a notable rise, driven by the company's strong financial performance and steady growth in profitability. This reflects the company's ongoing commitment to delivering value to its shareholders.

Q1 2023 Dividend Announcement

Following the positive financial results in Q1 2023, Holmen AB announced an increase in its dividend payout to shareholders. This decision underscores the company's stable financial health and confidence in its future cash flow generation capabilities.

Financial Outlook for 2023

Holmen AB provided a positive outlook for the remainder of 2023, projecting continued revenue growth and profitability. The company plans to further capitalize on market opportunities and drive efficiency in its operations to sustain its financial performance.

Summarized from source with an LLMView Source

Key figures

-7.26%1Y

-9.17%3Y

36.6%5Y

Performance

19.0%1Y

25.8%3Y

31.4%5Y

Volatility