Holmen sector role in Nordic pulp and paper, shares in Stockholm trade

By Christina Vogel, Background & Management desk. Reviewed prior to publication on 2026-06-28, 11:32.

Holmen (SE0000171100) is part of the Nordic pulp and paper sector and its shares trade on Nasdaq Stockholm, giving international investors exposure to forestry, board and energy assets. The group sits alongside peers such as SCA and Stora Enso in the European packaging and timber space.

The Nordic pulp and paper landscape

Holmen operates in a region where demand for containerboard, paperboard and specialty papers is shaped by global packaging trends and European industrial activity. According to Holmen’s latest annual report, the company’s operations center on forest, paperboard, paper, wood products and renewable energy.

Nordic peers including SCA and Stora Enso similarly combine large forest holdings with pulp and board mills, positioning the sector for long-term structural demand from e-commerce packaging and fiber-based materials. This integrated model links upstream forest assets to downstream board and paper production in Sweden and neighboring countries.

Where Holmen sits in the sector

Holmen’s product mix places it among European leaders in folding boxboard and paperboard, which are widely used in consumer packaging and graphical applications. The group’s forest division manages extensive timber resources in Sweden, supporting internal pulp supply and external log sales.

In energy, Holmen runs hydroelectric power plants and wind power projects, which provide renewable electricity for its own mills and for sale to the grid. This energy portfolio differentiates Holmen from pure-play paper producers, adding an additional revenue and asset stream tied to Nordic power markets.

The business behind the stock

Holmen’s business model is built around five segments: Forest, Paperboard, Paper, Wood Products and Renewable Energy, as detailed in its corporate information. The forest segment manages large-scale, sustainably certified woodland, generating timber and fiber for internal use and external customers.

The paperboard segment produces folding boxboard and other board grades for consumer packaging, food applications and graphical uses, while the paper segment focuses on printing papers tailored to magazines, direct mail and books. Wood products include sawn timber and building materials derived from Holmen’s forest resources.

Where the stock trades

Holmen shares (SE0000171100) trade on Nasdaq Stockholm in Swedish krona, giving investors exposure to the Nordic pulp, paper and energy sector via a Swedish listing. The stock is part of the broader Swedish equity market, where forestry-linked names form a recognized industry cluster.

This article is for informational purposes only and does not constitute investment advice, a buy or sell recommendation, or any form of financial guidance. All data are based on sources believed to be reliable but cannot be guaranteed.