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February 12, 2025

Holmen reports stable wood prices but rising log costs weigh on profits

Swedish sawmiller Holmen has reported continuing low demand for wood products in Q4 2024, though prices remained stable. The company, which operates five sawmills, curtailed timber production in 2024 due to the weak market, resulting in timber deliveries decreasing to 1,348,000 m³ (2023: 1,498,000 m³) for the full year. Holmen’s wood products division saw its operating profit for 2024 reduce to approximately €175,000 (2023: €525,000). Lower deliveries and increased log costs were offset by higher selling prices and increased revenue from sales of wood chips and biofuel. Compared with the ...

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