Holmen AB

HOLM B

Equity

ISIN SE0011090018 / Valor 41359974

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

SEK 399.80-0.20%

Holmen AB
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About company

Holmen AB is a Swedish company that specializes in refining wood, the only completely renewable construction material, in modern sawmills located close to their forest holdings in northern and southern Sweden. They produce sawn and refined wood products for various industries, as well as premium paperboard and innovative paper products for a wide range of applications. Holmen's business is centered around the forest ecocycle and the renewable products they 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. They also produce renewable energy from wind and water, owning or co-owning 21 hydro power plants in Sweden and investing in building more wind power on their own land.

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

Revenue Growth

Holmen AB reported a significant increase in revenue for the first quarter of 2024. The company's revenue reached SEK 4,755 million, reflecting a robust performance across its various business segments. This growth was primarily driven by higher prices and increased demand in the forest and renewable energy sectors.

Operating Profit

Holmen AB's operating profit for Q1 2024 stood at SEK 1,737 million, marking a substantial improvement from the previous quarters. The increase in operating profit was largely attributed to higher wood prices and strong earnings from the hydro power segment. This positive trend indicates the company's effective cost management and strategic pricing.

Dividends

In light of the strong financial performance, Holmen AB announced a dividend of SEK 7.00 per share for the first quarter of 2024. This decision reflects the company's commitment to returning value to its shareholders while maintaining a solid financial position. The dividend payout is supported by the company's healthy cash flow and profitability.

Renewable Energy Earnings

Holmen AB's renewable energy segment reported strong earnings for Q1 2024, with operating profit reaching SEK 624 million. The high earnings were driven by favorable weather conditions and sustained high power prices in the Nordic region. This segment continues to be a significant contributor to the company's overall profitability.

Outlook

Looking ahead, Holmen AB remains optimistic about its financial performance for the rest of 2024. The company expects continued strong demand in the forest and renewable energy sectors, which should support further revenue and profit growth. Additionally, Holmen AB plans to invest in expanding its production capacity to meet the increasing market demand.

Summarized from source with an LLMView Source

Key figures

-7.28%1Y

-5.91%3Y

40.3%5Y

Performance

18.0%1Y

24.3%3Y

25.2%5Y

Volatility