Holmen AB (HOLM_A) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Interim Report presentation for the Holmen Group. It's me, Henrik Sjölund and Stefan Laurén. We will go through the presentation and as we usually do, we take all the questions you have after the presentation. So let's start. Well, in the second quarter, first of all, the result, we were able to produce a really good result, at least a solid result, quite similar to the previous quarters. If you look at the years, though, we can see quite big changes between last year and this year, especially in the beginning of this year, we had a really good contribution from our energy division. And now in the second quarter, we also see good deliveries from board and paper. Our financial position is strong and during the first half of the year we've also distributed roughly 2.5 billion SEK to our shareholders through dividend and buybacks. Let's start with our forest division or let's say the wood market and the situation right now. It's clearly so that we have lower wood prices and if you compare the peak towards what we buy at currently it's roughly 10%. But then you should remember that we have discussed it a number of times that we also have a backpack with wood we have bought at higher prices before and it takes time to consume that. As things are today, we also had a storm in the beginning of the year. In our case, that means that in total, first of all, it was roughly 10 million cubic meters. In our area, roughly half a million, which is roughly half a year's harvesting. And in this area, of course, prices are lower than the normal market, so to say. And we have consumed a bit of storm-filled timber and pulpwood already in the second quarter, and there will be some more in the third quarter. But it's, of course, also a temporary effect, whi...