Holmen

What Holmen does

Holmen is a Swedish forest industry group operating across four business areas—Forest, Wood Products, Board and Paper, and Renewable Energy—with a workforce of approximately 3,500 and 2025 turnover of nearly SEK 22 billion. The company controls large forest holdings that supply its own sawmills, paperboard mills, and paper mills located primarily in Sweden (Iggesund, Braviken, Hallstavik, Linghem, Bygdsiljum, Kroksjön, Strömsbruk) plus a paper and paperboard facility in Workington, United Kingdom. Its product portfolio spans premium paperboard brands (Invercote, Incada, Inverform), book and publishing papers (including the 2026-launched Holmen BOOK Bright), containerboard products (Holmen Elevate and the new Holmen Elevate Flute), and engineered wood construction systems (CLT, glulam, sawn timber) under the Martinsons brand acquired in 2020. Renewable Energy operates two wind farms (Varsvik and the 26-turbine Blåbergsliden) and controllable hydro assets, producing 1.8 TWh annually and supporting a 90% reduction in fossil fuel use since 2005.

The company makes money through direct B2B sales of physical forest-based products to enterprise customers including premium brands across cosmetics, electronics, pharmaceuticals, and food packaging, publishers, the joinery and construction industry, and builders' merchants (both direct and through international wood product importers). Revenue is generated almost entirely from hardware sales of paperboard, paper, sawn timber, and engineered wood, with the Board and Paper business area alone reported to generate around SEK 24 billion in sales. Pricing is quote-based and not publicly disclosed, consistent with a B2B industrial model. Holmen is publicly listed on Nasdaq Stockholm Large Cap (ticker HLMNY) with 45,384 shareholders as of April 2026 and an active share buyback program, operating as an independent public entity with no controlling parent. Its GTM combines direct enterprise sales, channel distribution via builders' merchants and wood product importers, brand-building content (Inspire Magazine, sample shop, image bank), and investor-relations communications, anchored in a sustainability narrative built around the forest ecocycle and renewable raw materials.

Name

Holmen

Legal name

Holmen AB

Website

https://holmen.com

Company type

Public

Founded year

1936

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Holmen is a publicly listed Swedish forest industry group operating four business areas—Forest, Wood Products, Board and Paper, and Renewable Energy—serving premium brands, publishers, and the joinery and construction industry with paperboard, paper, sawn timber, engineered wood, and wind/hydro energy.

Ownership category

akta.pro rank

Product category

Paper and Forest Products Manufacturing

NAICS

Paper Mills (322120), Engineered Wood Member Manufacturing (321215), Wood Product Manufacturing (321)

SIC

Paperboard Mills (2631), Paper Mills (2621), Millwood, Veneer, Plywood, & Structural Wood Members (2430), Lumber & Wood Products (No Furniture) (2400), Papers & Allied Products (2600)

akta.pro primary industry

Colored, Art & Premium Paper Manufacturing (IMAMAEAG)

akta.pro secondary industries

Mass Timber Panels & Components (DLT, NLT, Hybrid Panels) (IMAMACAG), Sawmilling & Lumber Production (IMADADAA), Planing Mills & Lumber Surfacing (IMAMABAE)

Keywords

• Printing paper manufacturing
• Paperboard products
• Sawn timber production
• Engineered wood products
• Renewable energy generation

Headquarters

HQ city

Fuenlabrada

HQ country

Spain

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Board and Paper Products: Premium paperboard (Invercote, Incada, Inverform) and innovative paper products for packaging, publishing, printing, stationery, and containerboard (Holmen Elevate Flute)
2. Wood Products: High-quality wood products including CLT, glulam, sawn timber, and construction systems through Martinsons brand for joinery and construction industry
3. Renewable Energy: Wind power (Varsvik and Blåbergsliden wind farms with 26 turbines) and controllable hydro power for sustainable energy supply

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Holmen manufactures and sells paperboard (Invercote, Incada, Inverform) and printing/book paper (including Holmen BOOK Bright and Holmen Elevate Flute), sawn timber and engineered wood products (CLT, glulam) under the Martinsons brand, and produces renewable energy from wind farms (Varsvik, Blåbergsliden) and hydro power. The group operates across four business areas (Forest, Wood Products, Board and Paper, Renewable Energy), serving premium brands, publishers, joinery and construction companies, and builders' merchants with fresh-fibre, fossil-free products derived from its own large forest holdings.

Differentiator

Problem solved

Functional benefit

Products and services

• Holmen BOOK Bright Whiter wood-containing book paper made from fresh fibres sourced from sustainable forestry, offering high opacity and improved readability while reducing environmental impact through lower carbon emissions. Targeted at educational and general book publishing customers.
• Holmen Elevate Flute Fresh-fibre fluting product extending the Holmen Elevate range; enables a consistent approach across the entire corrugated structure, reducing material use and emissions without compromising performance.
• Invercote paperboard Premium paperboard product within Holmen Board and Paper's portfolio, used for premium packaging, cosmetics, electronics, pharmaceuticals, and food packaging applications.
• Incada paperboard Premium paperboard product within Holmen Board and Paper's portfolio, sold to premium brands across packaging, publishing, and printing industries.
• Inverform paperboard Premium paperboard product within Holmen Board and Paper's portfolio, used for packaging and printing applications requiring distinctive performance and feel.
• CLT (cross-laminated timber) construction systems Engineered wood construction system offered under the Martinsons brand, used for sports halls, schools, office blocks, and apartment buildings as a sustainable building solution.
• Glulam construction timber Engineered wood product sold under the Martinsons brand for sustainable construction applications including sports halls, schools, office blocks, and apartment buildings.
• Sawn timber and wood products High-quality sawn timber, cladding, pressure-treated wood, and construction timber sold through Holmen Wood Products to the joinery industry worldwide and to builders' merchants.
• Wind power generation (Varsvik and Blåbergsliden wind farms) Renewable electricity generated by 26 wind turbines at the Blåbergsliden wind farm and the Varsvik wind farm in Sweden, producing 1.8 TWh annually.
• Controllable hydro power Hydroelectric power generation from Holmen's Swedish hydro assets, providing renewable and controllable electricity supply.

Quantifiable outcome

• 90% reduction in fossil fuel use since 2005
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• MartinsonscoreStrategic or Co-development Partner · 1 January 2020Martinsons is part of Holmen Group, acquired in 2020. Together they form a strong and stable value chain from tiny seed to timber building, offering construction systems with CLT and glulam for sports halls, schools, office blocks and apartment buildings.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Sappi: Global producer of coated woodfree paper, packaging board, and dissolving pulp. Comparable to Holmen in publishing/graphics paper grades and emerging paperboard segments.
• Binderholz: Austrian family-owned sawmilling and engineered wood group producing CLT, glulam, and sawn timber. Closest competitor to Holmen Wood Products / Martinsons in European mass timber construction systems.
• Stora Enso: Nordic integrated forest products company producing paperboard, packaging, biomaterials, and engineered wood (CLT). Closest direct competitor to Holmen with similar product mix, geographic footprint, and end markets.
• Mondi: European integrated paper and packaging group producing containerboard, kraft paper, and uncoated fine paper. Comparable to Holmen's Board and Paper business and overlapping in corrugated packaging solutions.
• Mayr-Melnhof Karton: European folding boxboard producer with recycled and virgin fiber mills. Directly competes with Holmen's Invercote and Incada premium paperboard in cosmetics, pharmaceuticals, and food packaging.
• Billerud: Swedish paperboard and packaging paper producer with overlapping premium paperboard portfolio and Nordic production base. Direct competitor in folding boxboard and kraft paper markets where Holmen's Incada and Inverform compete.
• UPM-Kymmene: Finnish forest products major with paper, label materials, and engineered wood businesses. Comparable to Holmen in vertical integration, European mills, and exposure to communication papers and biomass.
• Metsä Wood: Finnish manufacturer of engineered wood products including Kerto LVL and birch plywood. Comparable to Holmen Wood Products in engineered wood construction solutions and Nordic forest supply.

Broad incumbents

• Smurfit Kappa: Global paper-based packaging leader with corrugated and containerboard focus. Comparable to Holmen's Holmen Elevate Flute product line and broader packaging exposure, though larger and more corrugated-centric.

Emerging players

• Norske Skog: Norwegian publication paper producer transitioning into packaging grades and renewable energy. Comparable to Holmen in legacy publication paper exposure and ongoing strategic pivot toward sustainable packaging.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC4E1yu7ANGiM8egbVALzjxA
• Xx.com/holmenpaper

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Holmen