Q1 2024 Holmen AB Earnings Call Transcript

Apr 26, 2024 / 07:00AM GMT
Henrik Sjolund - Holmen AB - President, Chief Executive Officer, Director

Good morning, everybody, and welcome to the interim report presentation for the Holmen Group. My name is Henrik Sjölund. This is Anders Jernhall. Most of you probably know us already.

We'll do as we usually do. We go through the presentation, and then we're happy to take any questions you might have.

But today, we do it in a slightly different order where we start with the business areas. And we come to the report for the group at the end. But let's start with the forest and the wood market, where we, right now, have a quite extreme situation where we, also in the first quarter this year, saw that wood prices continued to increase, despite the fact that actually the industry was not running full.

How can that be? There are a few things. First of all, activity among private forest owners were not as high as normal. We also know that Sveaskog has a strategy to reduce harvesting, that's add to the situation. And then we do not have Russian volumes into the system coming from the east, which is also

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