1. Sweden Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
Holmen AB Class A

Holmen AB Class A

301.00
SEK
-10.00
(-3.22%)
14.89EPS
20.13P/E
45.13BMarket Cap
Feb 02Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
96.62
95.21
95.33
92.34
96.03
95.57
102.1
100.83
120.3
147.87
142.05
143.34
141.51
140.96
Basic EPS, GAAP
4.23
5.4
3.33
8.48
9.93
13.5
52.57
12.22
18.55
36.26
23.04
18.02
18.47
14.9
Free Cash Flow per Basic Share
6.08
8.41
10.05
7.08
10.82
7.73
11.11
8.76
10.39
26.26
26.56
8.57
12.06
25.46
Dividend per Share
4.5
4.5
5
5.25
6
6.5
6.83
3.5
10.75
11.5
16.15
11.53
12.11
21.57
Book Value per Share
124.14
124.82
124.13
126.45
131.17
139.61
247.71
262.56
290.21
351.54
357.51
363.87
361.1
360.17
Tangible Book Value per Share
123.79
124.14
123.49
125.93
130.64
139.2
247.28
259.14
286.88
348.9
354.28
360.71
357.92
356.97
Basic Weighted Avg Shares
168
168
168
168
168
168
166
162
162
162
160
159
156
155
Sales/Revenue/Turnover
16,231
15,994
16,014
15,513
16,133
16,055
16,959
16,327
19,479
23,952
22,795
22,759
22,056
21,861
Operating Margin (%)
6.89
10.62
8.07
12.6
13.08
14.63
65.78
14.27
16.98
28.94
20.53
15.96
14.03
13.99
Depreciation Expense
1,370
1,265
1,240
1,018
991
1,012
1,141
1,172
1,261
1,345
1,360
1,388
1,464
1,441
Net Income, GAAP
711
907
559
1,424
1,668
2,268
8,731
1,979
3,004
5,874
3,697
2,861
2,879
2,311
Effective Tax Rate (%)
18.37
20.23
17.67
23.45
21.06
3.78
21.22
18.79
18.64
21.06
21.42
21.8
9.04
21.08
Profit Margin (%)
4.38
5.67
3.49
9.18
10.34
14.13
51.48
12.12
15.42
24.52
16.22
12.57
13.05
10.57
Working Capital
-497
-392
-196
-128
146
1,113
703
2,443
3,521
9,222
4,080
3,106
2,704
1,952
LT Debt
2,715
2,400
2,200
800
500
1,000
2,171
4,075
4,073
3,058
2,060
2,632
3,605
91
Total Equity
20,854
20,969
20,853
21,243
22,035
23,453
40,111
42,516
46,992
56,950
56,923
57,370
55,405
54,182
Return on Invested Capital (%)
3.22
3.81
2.43
5.86
6.77
8.77
24.39
4.36
6.14
10.65
6.26
4.87
4.93
4.35
Return on Capital (%)
3.23
3.82
2.44
5.71
6.78
8.83
24.47
4.4
6.17
10.66
6.34
4.94
4.98
4.39
Return on Common Equity (%)
3.41
4.34
2.67
6.77
7.71
9.97
27.47
4.79
6.71
11.3
6.49
5.01
5.11
4.18

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,491
106
95
LT Borrowings
3,500
- -
- -
LT Finance Leases
105
96
91
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
153
153
150
Market Capitalization
53,549
51,861
45,130

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
9,896
11,296
9,887
Cash, Cash Equivalents & STI
390
1,602
182
Accounts Receivable, Net
2,398
2,629
3,020
Inventories
5,651
5,622
5,229
Total Current Liabilities
7,192
8,726
7,935
Payables & Accruals
- -
- -
- -
ST Debt
1,491
106
95
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.81%
5.81%
-3.43%
Free Cash Flow
15.54%
28.35%
38.16%
Net Income, GAAP
50.38%
17.66%
0.63%
Sales/Revenue/Turnover
3.65%
6.84%
-3.09%
Total Cash Common Dividend
20.84%
45.39%
3.11%

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,720
5,894
5,632
5,513
22,759
2025
5,973
5,573
- -
5,183
22,056
2026
5,473
5,632
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.7
4.7
5.1
3.5
18.02
2025
4.8
3.8
- -
3.8
18.47
2026
4
3.3
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
11.57
- -
- -
11.53
2025
- -
11.92
- -
- -
12.11
2026
- -
9.43
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Henrik Sjölund
Full Time Employees
3,435
Sector
Process industries
Industry
Pulp & paper
Address
Strandvägen 1 Stockholm AB Sweden 114 51
IPO Date
May 11, 1936
Website
holmen.com
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Business
Holmen AB (publ) manufactures paperboard, printing paper, wood products and generates renewable energy from its Swedish forest holdings. The company operates through four main business areas: Forest, which manages 1.2 million hectares of productive forestland and supplies timber; Wood Products, producing construction timber, glulam and cross-laminated timber (CLT) from five sawmills including Braviken, Iggesund and the acquired Martinsons facility; Board and Paper, offering premium virgin fibre paperboard such as Invercote and Incada brands for packaging in cosmetics, pharmaceuticals, food and graphics, alongside book paper and magazine paper; and Renewable Energy, producing electricity from hydropower stations and onshore wind farms including the fully operational Blåbergsliden Wind Farm. Holmen serves quality-conscious customers worldwide, with approximately 90 per cent of sales in Europe, and maintains a circular business model emphasizing fossil-free, recyclable products from sustainably managed forests. Founded in 1609 and headquartered in Stockholm, Sweden, the company listed its shares on Nasdaq Stockholm. In November 2025, Holmen secured a SEK 1.1 billion loan from the European Investment Bank to expand onshore wind power capacity in northern Sweden; the board also initiated a share buyback programme for up to one million Class B shares to optimise capital structure ahead of the 2026 Annual General Meeting.