# Holmen B > Clarifo company profile — qualitative business description generated from > the company's filings. Financial statements, charts and ratios are > available on Clarifo (https://www.clarifo.com/en/companies/holmenb). ## Overview 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. ## Products & services • Managed forest land and silviculture • Sawn timber and wood products • Paperboard and paper products • Renewable hydro and wind power • Converting and packaging-related paper products - **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. - Managed forest land and silviculture - Sawn timber and wood products - Paperboard and paper products - Renewable hydro and wind power - Converting and packaging-related paper products ## Customers Holmen sells to quality-conscious industrial customers that need renewable, fiber-based raw materials and finished products. Buyers include packaging and paperboard customers, wood-product customers in construction and industrial channels, and energy counterparties for renewable power output. - **Packaging and paperboard customers** (primary) — Buy paperboard for packaging applications and value renewable fiber, quality, and traceability. - **Construction and wood-product customers** (primary) — Buy sawn timber and wood products for building and industrial use. - **Paper customers** (secondary) — Buy paper grades from Holmen’s mills for printing and related uses. - **Renewable electricity counterparties** (secondary) — Buy hydro and wind power generated on Holmen’s assets. - **Industrial and sustainability-focused buyers** (secondary) — Buy because Holmen can provide renewable raw materials and documented forestry practices. - Packaging and paperboard converters buying fiber-based materials - Construction and industrial buyers of sawn timber - Paper customers needing specialty and graphic paper grades - Energy buyers and grid counterparties for renewable electricity - Customers seeking traceability and sustainable forestry inputs ## Geography Holmen’s core asset base and industrial footprint are in Sweden, where it owns large forest holdings and operates most of its mills, sawmills, and power assets. The group also has a mill in the UK, and its products are sold to customers across global markets. Geography matters because forest resources, energy assets, and industrial sites are tied to specific locations, while sales are exposed to export markets and currency movements. - **Sweden** (85%) — Core forest holdings and most industrial sites are in Sweden. - **United Kingdom** (15%) — Includes Workington Mill and related UK operations. - 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 ## Strategy Holmen’s strategy is to create long-term value by combining active forestry, industrial processing, and renewable energy on a common asset base. The group emphasizes forest growth, biodiversity-conscious silviculture, and efficient use of wood raw material, while turning residual streams into paperboard, paper products, and energy. - **Active forestry and forest growth** (long-term) — A larger and healthier forest base supports future harvests and long-term raw material supply. - **Integrated wood utilization** (medium-term) — Using logs, residues, and by-products across sawmills, paperboard, paper, and energy improves asset productivity. - **Renewable energy development** (medium-term) — Hydro and wind assets monetize land and support the group’s renewable profile. - **Sustainability and biodiversity management** (short-term) — Customer demand and regulation increasingly require traceable, responsible forestry and business conduct. - Increase forest growth through active silviculture and planning - Use wood raw material efficiently across multiple product chains - Develop paperboard and paper products from residual fiber streams - Expand renewable energy value from hydro and wind assets - Balance production with biodiversity and climate objectives ## Risks Holmen’s main risks come from forestry biology, weather, and long-cycle asset management, because tree growth and harvest timing depend on climate, pests, storms, and fire. It is also exposed to industrial, market, and compliance risks, including currency swings, customer demand for sustainable sourcing, and stricter rules on business conduct and value-chain responsibility. - **Climate and forest damage** [high] — Trees grow over long periods and are vulnerable to drought, fire, storms, and pests. - **Currency volatility** [medium] — Sales and costs are in different currencies, creating transaction and translation exposure. - **Business conduct and compliance** [medium] — Deviations from policies or new legislation can trigger penalties, higher compliance costs, and reputational damage. - **Industrial operating disruption** [medium] — Mills, sawmills, and power assets require reliable uptime and maintenance. - **Market demand and pricing cycles** [medium] — Wood, paperboard, and paper markets are cyclical and tied to industrial demand. - Forest growth is exposed to drought, storms, fires, and pests - Currency swings affect export sales and cost competitiveness - Customer and regulator scrutiny of forestry sustainability is high - Industrial operations face maintenance, outage, and input-cost risk - Business conduct failures could damage reputation and contracts ## Accounting Holmen’s reporting is affected by long-lived biological assets, industrial fixed assets, and financial instruments used for hedging. Investors should watch how forest valuation, depreciation of mills and power assets, derivative fair values, and pension or lease obligations affect reported earnings and balance sheet strength. - **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 - Forest and biological asset valuation depends on long-term assumptions - Depreciation of mills, sawmills, and power assets affects operating profit - Derivative hedge accounting affects reported financial income and expense - Lease and pension obligations affect net debt and leverage metrics - Foreign currency translation can move reported equity and earnings --- *Last updated: 2026-08-11T04:04:53.235936+00:00*