Holmen AB (HOLM_A) Q2 2026 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Holmen Ab Class A.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.211 -- 00:00:04.555 Good morning and welcome to the Interim Report presentation for the Holmen Group. 00:00:04.555 -- 00:00:07.658 It's me, Henrik Sjölund and Stefan Laurén. 00:00:07.658 -- 00:00:12.282 We will go through the presentation and as we usually do, we take all the questions you 00:00:12.282 -- 00:00:16.384 have after the presentation. So let's start. 00:00:17.947 -- 00:00:24.372 Well, in the second quarter, first of all, the result, we were able to 00:00:25.117 -- 00:00:29.318 produce a really good result, at least a solid result, 00:00:29.318 -- 00:00:34.020 quite similar to the previous quarters. If you look at the years, though, we can see 00:00:34.020 -- 00:00:37.741 quite big changes between last year and this year, especially in the beginning of this 00:00:37.741 -- 00:00:41.482 year, we had a really good contribution from our energy division. 00:00:41.482 -- 00:00:47.544 And now in the second quarter, we also see good deliveries from board and paper. 00:00:47.941 -- 00:00:51.302 Our financial position is strong 00:00:51.302 -- 00:00:57.024 and during the first half of the year we've also distributed roughly 2.5 billion 00:00:57.024 -- 00:01:02.205 SEK to our shareholders through dividend and buybacks. 00:01:02.806 -- 00:01:08.148 Let's start with our forest division or let's say the wood market 00:01:08.148 -- 00:01:10.553 and the situation right now. 00:01:10.553 -- 00:01:15.738 It's clearly so that we have lower wood prices and if you compare the 00:01:15.738 -- 00:01:22.043 peak towards what we buy at currently it's roughly 10%. 00:01:22.085 -- 00:01:26.009 But then you should remember that we have discussed it a number of times that we also 00:01:26.009 -- 00:01:31.434 have a backpack with wood we have bought at higher prices be...