Holmen AB (HOLM_A) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.919 Good morning and welcome to the interim report presentation for the Holmen Group. 00:00:04.919 -- 00:00:08.044 Today it's me, Henrik Sjölund and Stefan Lorén. 00:00:08.044 -- 00:00:11.529 We will go through the presentation and then we're happy to take any questions you might 00:00:11.529 -- 00:00:16.737 have. I know it's a busy day for you so special thank you for taking the time also to 00:00:16.737 -- 00:00:19.358 discuss with us. 00:00:19.977 -- 00:00:22.718 Well, the third quarter, 00:00:22.720 -- 00:00:28.246 challenging market conditions, a bit the same as we actually had 00:00:28.246 -- 00:00:35.172 after the second quarter. This quarter, well, low demand for wood products. 00:00:35.254 -- 00:00:37.637 We also have, 00:00:37.637 -- 00:00:39.199 despite 00:00:39.199 -- 00:00:41.041 low utilization, 00:00:41.041 -- 00:00:44.685 all in all, a bit over 700 million. 00:00:44.685 -- 00:00:48.507 A decent result when it comes to Holmen. 00:00:48.698 -- 00:00:53.446 If you look at our industry, not only wood products, but also board and paper together, 00:00:53.446 -- 00:00:57.873 so far this year, during the first nine months, we've been able to deliver 15% return 00:00:57.873 -- 00:01:00.835 on capital employed. And 00:01:02.821 -- 00:01:09.008 if we look at our financial position and what we have done, Stefan, we have 00:01:09.472 -- 00:01:14.539 We have distributed a bit over 3 billion SEK in dividend and buybacks during 00:01:14.539 -- 00:01:19.767 January to September. And if you look at five year period, we have roughly the same debt 00:01:19.767 -- 00:01:22.390 to equity ratio today as we had five years ago. 00:01:22.390 -- 00:01:28.960 We have distributed 13 billion Swedish in total during the five years. 00:01:28.960 -- 0...