There was no major surprise in Holmen’s Q3 results, wherein Paper and Wood Products’ pricing gains helped reduce the impact of cost headwinds and some divisional (volume) issues. While price tailwinds should moderate over time, healthy volumes across businesses, limited downside risk in case paper market headwinds are reinstated and apt input cushions from forests and energy – which also limit the group-wide emissions, should help Holmen maintain its valuation premium vis-&a
13 Nov 2018
Overall stable Q3 performance
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Overall stable Q3 performance
There was no major surprise in Holmen’s Q3 results, wherein Paper and Wood Products’ pricing gains helped reduce the impact of cost headwinds and some divisional (volume) issues. While price tailwinds should moderate over time, healthy volumes across businesses, limited downside risk in case paper market headwinds are reinstated and apt input cushions from forests and energy – which also limit the group-wide emissions, should help Holmen maintain its valuation premium vis-&a