Holmen improved its credit rating from BBB to BBB+

Standard & Poor’s Ratings Services upgraded Holmen’s credit rating from BBB to BBB+ on July 10, 2017. The agency based its upgrade on a sustained improvement of earnings and cash-flow.

In 1Q2017 Holmen reported net sales increase by 7.9%.

Earlier Holmen appointed a Director of Sustainability and Communications

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