Refile: Sweden's Holmen Q2 sales beat on higher board, paper deliveries
REFILE-Sweden's Holmen Q2 sales beat on higher board, paper deliveries Corrects to "board", from "broad", in headline
Overview
Sweden forest products firm's Q2 net sales rose yr/yr, beating analyst expectations
Q2 operating profit declined yr/yr, impacted by lower electricity prices in northern Sweden
Company repurchased 3 mln shares, about 2% of total shares outstanding in Q2
Outlook
Company did not provide specific financial guidance or outlook for future quarters or the full year
Result Drivers
ELECTRICITY PRICES - Co said lower electricity prices in northern Sweden negatively impacted Q2 operating profit
BOARD AND PAPER DELIVERIES - Higher deliveries of board and paper offset some of the decrease in Q2 profit
HYDRO AND WIND POWER - Profit from hydro and wind power assets increased significantly, per co
Company press release: ID:nWkr5DqqMR
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | SEK 5.63 bln | SEK 5.38 bln (7 Analysts) |
Q2 EPS |
| SEK 3.30 |
|
Q2 Net Income |
| SEK 510 mln |
|
Q2 EBIT |
| SEK 689 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 3 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the paper products peer group is "buy."
Wall Street's median 12-month price target for Holmen AB is SEK350.00, about 10.5% above its August 19 closing price of SEK316.80
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago
Reuters Recommended Reads
Aug 19 - Norway's Elmera Q2 adjusted revenue rises on higher volumes and prices
Aug 19 - EU expects electricity supply situation to be tight in coming weeks
Aug 19 - Denmark's Rockwool Q2 revenue rises on volume growth; lifts 2026 outlook
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)