Holmen HOLM B
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Full analysis: 6 Apr 2026
Latest news check: 2 Aug 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
Hold. Consider adding on clear timber-market improvement or a larger dip (e.g., >10%).
A strong balance sheet and shareholder-friendly capital allocation support the HOLD signal, while uncertainty in wood products and energy prices creates short-term hesitation ahead of the Q2 report.
Market sentiment
6/10
→
Trend: Stable
Sentiment remains neutral to mildly positive, centered on dividends and buybacks, while uncertainty around wood products and construction dampens optimism.
Price context
The share trades at 323 SEK, about 16 % below the 52-week high, indicating the market is waiting for the Q2 report to justify further upside despite stable fundamentals.
Risk assessment
4/10
Dilution:
Low
Positive cash flow; no equity raise expected
Jurisdiction:
Low
Sweden; stable legal and political environment
Execution:
Medium
Timber turnaround and restructuring must deliver
About the company
Holmen AB is a Swedish forestry and forest-products company with large forest assets and production of sawn timber, packaging board and paper. It also produces renewable power (hydro and wind) and operates with a strong balance sheet and low leverage.
Sector:
Forestry, paper/packaging board and renewable energy
Type:
Industrial
Next report
20 Aug 2026
Q2
Catalysts
20 Aug 2026
Q2/H1 2026 report
High
Horizon:
Bull case
Share buybacks and defensive real assets in the form of forest holdings provide support for total returns even in an uncertain market.
Bear case
Weak construction activity and low electricity prices are pressuring margins in wood products and energy.
Signal rationale (informational)
A strong balance sheet and shareholder-friendly capital allocation support the HOLD signal, while uncertainty in wood products and energy prices creates short-term hesitation ahead of the Q2 report.
Recent news
- Holmen extended its service and maintenance agreement with Kalmar for the fleet at Iggesund and issued an invitation to the Q2 results conference. The share price stands at 323 SEK with a 3.9 % gain over the past week.
Key figures
Revenue
Q1 2026
SEK 5.5B
EBITDA
Q1 2026
SEK 1.2B
Net income
Q1 2026
SEK 0.6B
Price & valuation
Last close
SEK 324
1 week
-1.0 %
3 months
+6.2 %
12 months
-14.4 %
From 52w high
-14.6 %
From 52w low
+8.7 %
Exchange
Stockholm
Type
Industrials
Sector
Forestry, paper/packaging board and renewable energy
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.