Own electricity production brings record profits for Holmen

The forest and energy company Holmen increased its profit significantly during the second quarter. The key to success was own electricity production – and increased prices.

Holmen is today the owner or co-owner of 21 hydropower plants and two wind farms on its own land. The group has plans for additional wind farms.

Outside Holmen’s facility in Hallstavik in Uppland, in Varsvik, is a wind farm with 17 wind turbines that produce an average of 165 GWh per year, of which Holmen’s share is 83 GWh.

In the Blåbergsliden outside Skellefteå, Holmen has 26 wind turbines that together produce around 400 GMh per year.

The 21 hydropower plants are located in Umeälven, Faxälven, Gideälven, Motala Ström, Iggesundsån and Ljusnan. They contribute 1,112 GWh annually, according to Holmen.

The energy business area is growing

Operating profit rose to a record high of SEK 2.1 billion, compared to SEK 0.9 billion in the same period last year. Sales increased by one billion to SEK 6.2 billion.

Cost inflation was countered by the group partly investing in its own energy production and partly raising prices towards customers.

Operating profit for the Energy business area has increased from SEK 66 million to SEK 162 million in one year.

Source: Nyteknik – Senaste nytt by www.nyteknik.se.

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