Henrik Sjölund
President, CEO & Director

Good morning, everybody, and most welcome to the Interim Report Presentation for the Holmen Group. Today, it's me, Henrik Sjolund, and Stefan Lorehn. Correct name again. Now the second quarter.

Stefan Lorehn
Chief Financial Officer

Good.

Henrik Sjölund
President, CEO & Director

We will go through the presentation, and then we are happy to take any questions you might have after the presentations.

So let's start. Well, as you know, the quarter again, characterized by uncertainty and the cautious consumers leading to a quite tough supply-demand balance for, I'd say, all forest-based industries. In our case, we also -- we had arctic weather up in the North, which helped us to deliver a decent result, which we will come back to in the different business areas, Stefan.

During the first quarter, we also paid dividend to our shareholders, SEK 1.5 billion. And our financial situation after the dividend, just to remind you is, of course, very strong, and shall remain so regardless of the future.

A few words about the forest. And normally, we don't talk too much about the forest. We talk about the wood market. Same again, what we see in the first quarter is that the industry is not running full, declining or, say, production curtailments, especially in the pulpwood industry, we have seen pulpwood prices coming down slowly and that continued in the first quarter.

We talked a lot