Quarter   Jan-Jun Full year
SEKm 2-26 1-26 2-25 2026 2025 2025
Net sales 5 632 5 473 5 573 11 105 11 545 22 056
EBITDA 1 049 1 177 1 176 2 227 2 524 4 733
Operating profit 689 827 807 1 516 1 794 3 270
Profit after tax 510 618 602 1 127 1 354 2 879
Earnings per share, SEK 3.3 4.0 3.8 7.4 8.6 18.5
Operating margin, % 12 15 14 14 16 15
Book value, forest assets 57 236 56 908 58 413 57 236 58 413 56 711
Cash flow before investments and change in working capital 637 986 730 1 623 1 859 3 901
Net financial debt 6 482 4 186 5 353 6 482 5 353 4 979
Debt/equity ratio, % 12 8 10 12 10 9
  • Operating profit for January–June 2026 amounted to SEK 1 516 million (January–June 2025: 1 794), corresponding to an operating margin of 14 per cent (16). Profit from Holmen’s industrial activities decreased, while profit from hydro and wind power assets increased significantly.
  • Compared with the first quarter, operating profit for the second quarter decreased by SEK 138 million to SEK 689 million. Lower electricity prices in northern Sweden had a negative impact on profit, while higher deliveries of board and paper offset the decrease in profit.
  • Profit after tax for January–June amounted to SEK 1 127 million (1 354), which corresponds to earnings per share of SEK 7.4 (8.6).
  • In the second quarter, a dividend of SEK 1 458 million was paid and 3 million shares, corresponding to 2 per cent of the total number of shares, were bought back for SEK 946 million. 
  • Net debt at the end of the quarter amounted to SEK 6 482 million, corresponding to 12 per cent of equity.

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, 20 August 2026.