Half Year 2024 Holmen AB Earnings Call Transcript

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Aug 15, 2024

Aug 15, 2024 / 07:00AM GMT
Henrik Sjolund - Holmen AB - President, Chief Executive Officer, Director

Good morning, everybody, and welcome to the interim report presentation for Holmen. It's me, Henrik Sjölund, and Anders Jernhall. We'll go through the presentation, and then we'll take any questions you might have after the presentation.

So let's start. First of all, a comment on the result, which was SEK980 million and a bit more in the second quarter, which is actually a good result. We think, given the market conditions we have and the economic situation we have, and particularly happy about board and paper, actually.

And if we look at our industry and how we have performed, and we include also wood products, and take a look also back some years, we can see that, well, in the first half year of this year, we performed some 16% return on capital employed. And if you look at what we have done over the last 10 years, we have reached an average of 18%.

If you then look at our financial position, we have a very strong financial position, also after having paid SEK1.8 billion in dividend in the second

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