Holmen AB (HOLM_A) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.897 Good morning, everybody, and welcome to the interim report presentation for the Holmen 00:00:03.897 -- 00:00:07.143 Group. My name is Henrik Sjölund, and this is not Anders Jernhall. 00:00:07.143 -- 00:00:12.191 This is Stefan Lorén. He's been with the company for actually quite many 00:00:12.191 -- 00:00:17.499 years before, and then you were away working for LKAB and back now as CFO. 00:00:17.499 -- 00:00:21.786 And Anders Jernhall, who you know really well, most of you at least, he has a more free 00:00:21.786 -- 00:00:26.997 role as vice president of the company. So we will do the presentation together in 00:00:26.997 -- 00:00:29.362 roughly the same way as Anders and I used to do it. 00:00:29.362 -- 00:00:34.914 And then after the presentation, we are happy to take any questions you might have. 00:00:34.914 -- 00:00:37.636 So Stefan, let's start. 00:00:38.883 -- 00:00:40.868 First quarter. 00:00:40.868 -- 00:00:46.240 A good result from us. Again, not the least thanks to a really 00:00:46.240 -- 00:00:51.190 good performance from board and paper, which I will come back to a bit later. 00:00:51.190 -- 00:00:56.743 The environment is not easy. The market conditions are, I would say, both uncertain 00:00:56.743 -- 00:01:00.713 and not extremely good. We'll come back to that as well. 00:01:00.713 -- 00:01:05.843 If we look at our industry, I mentioned board and paper, but if we also include our 00:01:05.843 -- 00:01:10.932 wood products division and look at how we have performed in terms of 00:01:10.932 -- 00:01:15.461 return on capital employed in the first quarter, we reached 20%. 00:01:15.461 -- 00:01:20.591 And as you know, the last 10 years, looking at the graph, we've been on that level 00:01:20.591 -- 00:01:24.254 roughly, ...