While Holmen’s Q3 results at the group-level seemed reasonable, the respective divisions had various (long-term) positive takeaways. Moreover, the much-awaited unlocking of value of the forest holdings is a welcome development. Overall, we remain optimistic on the group, given the high-potential of its natural resources holdings.
21 Oct 2019
Decent Q3 results; more importantly, forests revalued at >2x book value
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Decent Q3 results; more importantly, forests revalued at >2x book value
While Holmen’s Q3 results at the group-level seemed reasonable, the respective divisions had various (long-term) positive takeaways. Moreover, the much-awaited unlocking of value of the forest holdings is a welcome development. Overall, we remain optimistic on the group, given the high-potential of its natural resources holdings.