Climate and forest damage
Trees grow over long periods and are vulnerable to drought, fire, storms, and pests.
- Scope
- Forest holdings and silviculture
- Materiality
- high
Holmen B
Holmen is a Swedish forest-industry group built around owned forest land, wood processing, paperboard, paper, and renewable energy assets. Its operations span forestry, sawmills, mills, converting, and power generation, with production sites concentrated in Sweden and one mill in the UK.
3.4k
1.38
0.46
| % | |
|---|---|
| Forest | 25% Owned forest land, silviculture, harvesting, and timber supply. |
| Wood Products | 25% Sawn timber and related wood products from Holmen’s sawmills. |
| Paperboard | 30% Paperboard used in packaging and other fiber-based applications. |
| Paper | 10% Paper products produced at Holmen’s paper mills. |
| Renewable Energy | 10% Hydro and wind power generated from Holmen’s land and waterways. |
Holmen sells to quality-conscious industrial customers that need renewable, fiber-based raw materials and finished...
- Packaging and paperboard customersprimary
Buy paperboard for packaging applications and value renewable fiber, quality, and traceability.
- Construction and wood-product customersprimary
Buy sawn timber and wood products for building and industrial use.
- Paper customerssecondary
Buy paper grades from Holmen’s mills for printing and related uses.
- Renewable electricity counterpartiessecondary
Buy hydro and wind power generated on Holmen’s assets.
- Industrial and sustainability-focused buyerssecondary
Buy because Holmen can provide renewable raw materials and documented forestry practices.
Holmen’s core asset base and industrial footprint are in Sweden, where it owns large forest holdings and operates most...
- •Forest holdings, mills, and power assets are concentrated in Sweden
- •Workington Mill provides an operating presence in the UK
- •Products are sold to customers across world markets
- •Export exposure creates currency and logistics sensitivity
- •Forest, energy, and industrial assets are location-specific
Holmen’s strategy is to create long-term value by combining active forestry, industrial processing, and renewable...
01
Active forestry and forest growthlong-term
A larger and healthier forest base supports future harvests and long-term raw material supply.
02
Integrated wood utilizationmedium-term
Using logs, residues, and by-products across sawmills, paperboard, paper, and energy improves asset productivity.
03
Renewable energy developmentmedium-term
Hydro and wind assets monetize land and support the group’s renewable profile.
04
Sustainability and biodiversity managementshort-term
Customer demand and regulation increasingly require traceable, responsible forestry and business conduct.
Holmen’s main risks come from forestry biology, weather, and long-cycle asset management, because tree growth and...
Currency volatility
Sales and costs are in different currencies, creating transaction and translation exposure.
- Scope
- EUR, USD, GBP flows
- Materiality
- high
Business conduct and compliance
Deviations from policies or new legislation can trigger penalties, higher compliance costs, and reputational damage.
- Scope
- Upstream, own operations, downstream
- Materiality
- high
Industrial operating disruption
Mills, sawmills, and power assets require reliable uptime and maintenance.
- Scope
- Paperboard, paper, wood products, energy
- Materiality
- medium
Market demand and pricing cycles
Wood, paperboard, and paper markets are cyclical and tied to industrial demand.
- Scope
- Export and domestic industrial customers
- Materiality
- high
Forest and biological asset valuation
Can materially affect asset values and equity
Depreciation and impairment of industrial assets
Affects operating profit and carrying values
Derivative and hedge accounting
Can create fair value gains/losses in financial items
Lease and pension obligations
Affects leverage and financing analysis
Foreign currency translation
Moves reported earnings and equity
: 11/08/2026