Quarter Jan-Jun Full year
SEKm 2-25 1-25 2-24 2025 2024 2024
Net sales 5 573 5 973 5 894 11 545 11 613 22 759
EBITDA 1 176 1 348 1 319 2 524 2 619 5 110
Operating profit 807 988 983 1 794 1 927 3 721
Profit after tax 602 752 744 1 354 1 487 2 861
Earnings per share, SEK 3.8 4.8 4.7 8.6 9.3 18.0
Operating margin, % 14 17 17 16 17 16
Book value, forest assets 58 413 58 098 56 744 58 413 56 744 57 843
Cash flow before investments and change in working capital 730 1 129 1 024 1 859 2 136 3 728
Net financial debt 5 353 3 560 3 255 5 353 3 255 3 397
Debt/equity ratio, % 10 6 6 10 6 6
  • Operating profit for January-June 2025 amounted to SEK 1 794 million (January-June 2024: 1 927), corresponding to an operating margin of 16 per cent (17). Earnings from Board and Paper increased despite a maintenance shutdown at the paperboard mill in Workington, while earnings from Renewable Energy decreased due to very low electricity prices in northern Sweden.
  • Compared with the first quarter, operating profit for the second quarter decreased by SEK 181 million to SEK 807 million as a result of maintenance shutdown in Workington.
  • Profit after tax for January-June amounted to SEK 1 354 million (1 487), which corresponds to earnings per share of SEK 8.6 (9.3).
  • In January-June, own shares were bought back for SEK 862 million, equal to 1.3 per cent of the total num-ber of shares. 
  • In the second quarter, a dividend of SEK 1 888 million was paid.

For further information please contact: 
Henrik Sjölund, President and CEO, tel. +46 8 666 21 05
Stefan Loréhn, CFO, tel. +46 8 666 21 22
Stina Sandell, Senior Vice President Sustainability and Communications, tel. +46 73 986 51 12 

This is information that Holmen AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act (2007:528). The information was submitted for publication, through the agency of the contact person set out above, at 07.30 CEST on Thursday, 14 August 2025.