Holmen outlines long-term forestry strategy, shares on Nasdaq Stockholm

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-27, 13:12.

Holmen (SE0000171100) stands out as a Swedish forestry and paper group with a long investment horizon. The stock trades on Nasdaq Stockholm in the materials segment and is often cited as a Scandinavian pure play on sustainable forest assets.

How Holmen earns its money

Holmen reports two core pillars in its business model: forestry assets and industrial processing into paperboard, paper and renewable energy. The group controls large forest holdings in Sweden, manages them for long rotation periods and uses the wood as input for its mills.

The company highlights that its forest assets are measured at fair value, with standing timber serving as a long-term store of value over several decades. This balance-sheet structure makes Holmen unusual compared with more asset-light paper producers that rely on purchased pulp and short-term contracts.

Long-term strategy in forestry and energy

Holmen’s strategy focuses on sustainable forestry management, certified by schemes such as FSC and PEFC, and on maximizing value from each cubic meter of harvested wood. The group states that sawlogs, pulpwood and residuals are allocated across its own board mills, paper mills and energy operations to optimize margins.

In energy, Holmen operates hydro power assets in Sweden and participates in the Nordic power market, adding a recurring cash flow stream that is less correlated with paper prices. Over time, this combination of wood-based products and electricity sales is designed to reduce earnings volatility in cyclical downturns.

The product behind the stock

One representative Holmen product is its premium folding boxboard, marketed for consumer packaging such as cosmetics and food. This board uses fiber from sustainably managed Swedish forests and targets brand owners that want low climate impact and high print quality.

Where the stock trades today

The Holmen shares (SE0000171100) trade on Nasdaq Stockholm; a current, live-verified price and market capitalization were not available at the time of writing, but the listing remains in Swedish kronor on the Stockholm exchange.

This article is for informational purposes only and does not contain investment advice, buy or sell recommendations, or price targets. All data are based on sources believed to be reliable at the time of publication but may change without notice.