Holmen AB (HOLM_A) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and welcome to the Interim Report presentation for the Holmen Group. It's me, Henrik, and it's Stefan, and we will take you through the presentation. And once we finalized, we are happy to take any questions you might have. So, Stefan, let's start. Yep. second quarter we were able to deliver a bit over 800 million which i think is a decent result given the situation especially when it comes to consumer products which we will come into a bit later we also If you look at only our industry, which is board and paper and our wood products, the industry where we always measure return on capital employed, we were able to deliver 15% in the second quarter. And if you look at the last 12 months, we have an average of 17% over the last 10 years, even a little bit more. Our financial position is strong. We have also distributed 2.8 billion to our shareholders during the first half of the year through dividend and buybacks. Let's change subject totally and go into the forest or more the wood market in Sweden. We have talked about increasing log cost both saw logs and pulp wood for many quarters. But I think now it's time to say that things are changing. But in the second quarter, especially saw log prices continue to go up. And remember when we buy or what we buy today and last week, we will consume that in roughly half a year or even a little bit more. as i said solo prices continue to go up especially in south of sweden and also the difference now between south of sweden and northern parts of sweden when it comes to so logs we have never had such a big price difference pulpwood leveling off in the second quarter and as we speak right now there is some price pressure on pulpwood that's quite clear but we haven't seen it yet and the same there. What we b...