Brief: Holmen Says Not Enough Supply Of Forest Raw Materials

Holmen AB

17/08/2023 06:37

Aug 17 (Reuters) - Holmen AB  HOLMb.ST :
    * DESPITE THE ECONOMIC SLOWDOWN THERE ARE NOT ENOUGH SUPPLY
OF
FOREST RAW MATERIALS
    * COMPETITION ON THE  WOOD MARKET REMAINED STRONG IN NORDICS
DURING QUARTER AND PRICES INCREASED FURTHER
    * WOOD PRICES ARE  NOW 30% ABOVE THEIR HISTORICAL LEVEL,
WHICH
INCREASED PROFIT FROM FORESTS TO SEK 390 MILLION
    * DEMAND FOR PAPERBOARD FOR CONSUMER PACKAGING WAS LOWER
THAN
NORMAL AS CUSTOMERS CONTINUED TO DESTOCK  AND ECONOMY WEAKENED

Source text for Eikon:  ID:nWkr5XBkkC 
Further company coverage:  HOLMb.ST 

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