)

Holmen (HOLM) investor relations material
Holmen Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Second quarter revenue exceeded €800 million, with strong financial position and SEK2.8 billion distributed to shareholders via dividends and buybacks in H1 2025.
Operating profit for Jan–Jun 2025 was SEK 1,794 million, down from SEK 1,927 million year-over-year, with a 16% operating margin.
Delivered solid operating profit despite challenging market conditions, with resilience across core segments.
Board and Paper earnings rose despite a major maintenance shutdown; Renewable Energy earnings fell due to low electricity prices.
Maintained strong capital returns and continued strategic investments in sustainability and growth.
Financial highlights
Operating profit reached SEK 1,166 million in Q2 2025, up from SEK 1,138 million in Q2 2024.
Net sales for Jan–Jun 2025 were SEK 11,545 million, nearly flat year-over-year.
Forest division Q2 result was SEK519 million, up SEK30 million from Q1 due to higher own forest harvesting.
Board and paper segment benefited from SEK250–300 million lower energy costs in Q2 versus normal levels.
Maintenance shutdown at Workington mill impacted Q2 results by SEK150 million.
Outlook and guidance
Harvesting expected to increase in H2, aiming for full-year levels similar to previous years.
Ongoing uncertainty from tariffs and weak construction activity is expected to persist.
Wood product prices are under pressure for Q3, with further cost increases expected from higher sawlog costs.
No new wind power projects planned due to persistently low energy prices; ongoing projects will be completed.
Iggesund Mill's annual maintenance shutdown in Q3 is expected to negatively impact earnings by SEK 150 million.
Next Holmen earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage