Holmen increased ROCE to 10.2% in 1Q2017

Holmen reported net sales increase by 7.9% in 1Q2017 to SEK 4,131 million (around USD 479 million) in 1Q2017, the company increased ROCE to 10.2% from 9.1% in the previous period.

In 4Q2016 Holmen reported net sales increase to SEK 3,937  million. Check other wood business-related companies 1Q2017 schedules for financial and operating results.

Earlier Holmen announced a SEK 50 million (around USD 6 million) investment into a pressure treatment plant and a distribution warehouse at Braviken Sawmill outside Sweden.

About Holmen Group:

The company is a forest industry group that manufactures printing paper, paperboard and sawn timber and runs forestry and energy production operations. The company’s extensive forest holdings and its high proportion of energy production are strategically important resources for its future growth.

Source: Woodbizforum