Holmen outlines long-term forest strategy, shares in focus on Nasdaq Stockholm

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-26, 11:29.

Holmen (SE0000106205) positions itself as a Swedish forest industry group with a strong emphasis on long-term value creation from timberland, paperboard and paper assets, alongside growing renewable energy activities. On Nasdaq Stockholm, investors often discuss the company in the same breath as Scandinavian peers Stora Enso and SCA when assessing exposure to Nordic forests and fiber-based packaging.

Integrated forest and packaging model

Holmen controls significant forest holdings in Sweden, managing millions of cubic meters of standing timber under a model that combines commercial harvesting with biodiversity and water protection measures. The company highlights that its forests act as a long-term carbon sink while providing sustainable raw material for its industrial operations, a profile that appeals to ESG-focused investors in Europe and beyond.

Alongside forestry, Holmen operates paperboard and paper mills that convert wood fibers into packaging materials aimed at consumer goods, food and pharmaceutical customers seeking recyclable solutions. This integrated structure, from raw forest resources to finished board products, resembles the models of Nordic competitors such as Stora Enso and SCA and gives the company control over both input costs and quality parameters across the value chain.

Renewable energy and sawn wood

Beyond forests and paperboard, Holmen runs sawn wood operations that produce structural timber and other wood products used in construction and industrial applications. These facilities transform logs from the company’s forests into standardized lumber, adding another margin layer to its vertically integrated portfolio of wood-based products.

Holmen also participates in renewable energy production through hydro power and wind power assets located on or near its forest properties. The group emphasizes that electricity generation supports both its own industrial demand and regional grids in Sweden, benefiting from the country’s established power market and policy framework for low-carbon electricity.

How Holmen makes its money

Holmen generates revenue mainly by selling paperboard for consumer and food packaging, printing paper, sawn timber and other wood products, complemented by income from hydro and wind power generation. The combination of forestry, mills and energy assets creates multiple income streams based on the long-term productivity of Swedish forest land.

Where the stock trades today

The Holmen shares (SE0000106205) trade on Nasdaq Stockholm in Swedish kronor; at the last available quote before publication they were changing hands within their recent mid-range trading band.

This text is for informational purposes only and does not constitute investment advice, investment recommendation or an invitation to buy or sell securities. Figures and information are based on sources considered reliable but cannot be guaranteed. Investors should conduct their own research and, where appropriate, seek professional advice.