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Sustainable business goals follow-up

Forest

The forest is sustainably managed to provide a good annual return and stable value growth. Growth and harvests will increase over time.
In 2020, a new harvesting plan was drawn up for 2021–2030, under which the annual harvest will increase by 0.1 million m3 compared with 2016–2020, while keeping the amount of thinning unchanged.

Industry

Industry’s return on capital employed, %

The industrial operations are run with a focus on long-term profitability. The target is for a sustained return of over 10 per cent on capital employed.

In 2021, the return for the industrial side of the business reached 26 per cent, driven by excellent profitability in Wood Products.

Renewable energy

The production of renewable energy will increase by complementing our existing hydro power with wind power on our own land.

The level of hydro and wind power production was normal, amounting to a little over 1.2 TWh. 2022 will see the wind farm in Blåbergsliden become fully operational, which is expected to boost the Group’s annual production of renewable energy by a little over 0.4 TWh.

Climate benefit

We will increase our benefit to the climate through higher growth in our forest and higher sales of renewable products that store carbon dioxide and replace fossilbased alternatives, while also reducing the fossil emissions along our value chain.

In 2021, Holmen’s operations helped to generate a climate benefit of almost 7 million tonnes of CO2e, with positive contributions from all the business areas.

More information regarding Holmens contribution to the climate. 

Capital structure

Our financial position is to be strong in order to secure room for manoeuvre when making long-term commercial decisions. Net financial debt will not exceed 25 per cent of equity.

At year end, the financial position remained strong, with a debt/equity ratio of 9 per cent.

Dividend

Holmen will generate a good annual dividend for shareholders. The level is determined by the Group’s profitability, investment plans and financial situation. The dividend is supplemented with share buy-backs where this is judged to create long-term value for shareholders.

The Board proposes that the 2022 AGM approve a dividend of SEK 7.50 per share and an extra dividend of SEK 4.00 per share.

Annual report 2021

Still interested in Holmen's goals and reports, please download the latest annual report below

Annual Report 2021

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Holmen’s business is built around the forest ecocycle and the renewable products we can create from it. Our business areas are Forest, Renewable Energy, Wood Products, Paperboard and Paper. With a workforce of 3 500 people, we create value for shareholders, customers and society. We generate sales of around SEK 19 billion and our shares are listed on Nasdaq Stockholm, Large Cap. Please visit holmen.com for more information.

Modern Slavery Act Transparency Statement

Holmen AB, P.O. Box 5407, SE-114 84 Stockholm, Sweden
Phone: +46 8 666 21 00  E-mail: info@holmen.com

 

 

Holmen Group websites

  • Forest - holmen.com/forest
  • Renewable energy - holmen.com/energy
  • Wood Products - holmen.com/woodproducts
  • Paperboard - iggesund.com
  • Paper - holmen.com/paper

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