Holmen wins in tax case

The Administrative Court in Stockholm has granted Holmen the right to tax deductions linked to the Group's previous operations in Spain. The decision will have a positive impact on the Group's profit after tax of approximately SEK 400 million in the third quarter.

Holmen has claimed group deductions for tax losses in the Group's Spanish subsidiaries after operations in the country were discontinued. The Swedish Tax Agency has denied the right to deductions. Holmen has appealed the Swedish Tax Agency’s decision and the Administrative Court in Stockholm has now found that Holmen is entitled to the deduction. The judgment will become final in two months unless it is appealed before then.

For more information, please contact: 
Stina Sandell, Senior Vice President Sustainability and Communications, +46 73 986 51 12

Holmen’s business is built around the forest ecocycle and the renewable products we can create from it. With a workforce of 3 500 people, we create value for shareholders, customers and society. Holmen's net sales in 2024 amounted to just under SEK 23 billion and our shares are listed on Nasdaq Stockholm, Large Cap. Please visit holmen.com for more information.