1. Sweden Stocks

  2. •

    Process industries

  3. •

    Pulp & paper
Holmen AB Class A

Holmen AB Class A

305.60
SEK
-10.80
(-3.41%)
15.15EPS
20.09P/E
45.04BMarket Cap
Feb 02Next Earn
Holmen AB Class A
STO:HOLM_B
(Nasdaq Stockholm)

Recent

price

305.60

P/E

ratio

20.09

div

yld

7.18%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
SEK
106.47
112.98
108.11
98.3
96.86
96.98
93.95
97.7
97.23
103.88
102.58
122.38
150.44
144.52
145.83
143.96
143.4
Revenue per Share
4.26
23.95
11.22
4.31
5.49
3.39
8.62
10.1
13.74
53.48
12.43
18.87
36.89
23.44
18.33
18.79
15.16
Basic EPS, GAAP
-0.81
1.67
2.43
6.18
8.55
10.22
7.21
11
7.87
11.31
8.91
10.57
26.71
27.02
8.71
12.26
25.9
Free Cash Flow per Basic Share
3.56
3.56
4.07
4.58
4.58
5.09
5.34
6.1
6.61
6.95
3.56
10.94
11.7
16.43
11.73
12.32
21.95
Dividend per Share
102.43
119.75
126.04
126.29
126.99
126.29
128.65
133.44
142.03
252.01
267.12
295.25
357.64
363.71
370.18
367.37
366.42
Book Value per Share
102.31
119.59
125.69
125.93
126.3
125.64
128.12
132.91
141.62
251.57
263.64
291.86
354.96
360.44
366.97
364.14
363.16
Tangible Book Value per Share
165
165
165
165
165
165
165
165
165
163
159
159
159
158
156
153
152
Basic Weighted Avg Shares
17,581
18,656
17,852
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
Sales/Revenue/Turnover
12.23
29.05
8.92
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
Operating Margin (%)
1,251
1,260
1,313
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
Depreciation Expense
704
3,955
1,853
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
Net Income, GAAP
49.28
25.79
- -
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
Effective Tax Rate (%)
4
21.2
10.38
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
Profit Margin (%)
943
137
-1,788
-497
-392
-196
-128
146
1,113
703
2,443
3,521
9,222
4,080
3,106
2,704
1,952
Working Capital
- -
3,259
1,689
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
LT Debt
16,913
19,773
20,813
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
Total Equity
4.81
19.49
- -
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 Invested Capital (%)
4.88
19.57
- -
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 Capital (%)
4.21
21.56
9.13
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
Return on Common Equity (%)

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
151
151
148
Market Capitalization
53,449
50,825
45,040

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
4.78
4.78
5.19
3.56
18.33
2025
4.88
3.87
- -
3.87
18.79
2026
4.07
3.36
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
11.77
- -
- -
11.73
2025
- -
12.12
- -
- -
12.32
2026
- -
9.6
- -
- -
- -
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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.