Holmen witnessed a healthy performance across divisions (ex. Paperboard). Forest remained the biggest profitability-generator and Paper benefited from the sustained focus on value-added products. Even the relatively smaller divisions did pretty well. While the industry’s operating environment is becoming somewhat challenging, the group’s ownership of sizeable natural resources should render critical strategic benefits.
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Overall healthy Q1 results
Holmen witnessed a healthy performance across divisions (ex. Paperboard). Forest remained the biggest profitability-generator and Paper benefited from the sustained focus on value-added products. Even the relatively smaller divisions did pretty well. While the industry’s operating environment is becoming somewhat challenging, the group’s ownership of sizeable natural resources should render critical strategic benefits.