Holmen’s interim report January-March 2018

Quarter Full year
Mkr 1-18 4-17 1-17 2017
Net sales  4 099 3 908 4 131 16 133
Operating profit   653 421 627 2 166
Profit after tax  507 332 485 1 668
Earnings per share, SEK  6.0 4.0 5.8 19.9
Operating margin, %   15.9 10.8 15.2 13.4
Return on capital employed, %   10.5 6.7 10.2 8.7
Return on equity, %  9.1 6.1 9.2 7.8
Cash flow before investments and working capital  586 588 742 2 310
Debt/equity ratio  0.11 0.13 0.16 0.13
  • Operating profit for January–March was SEK 653 million (January–March 2017: SEK 627 million). Operating profit includes a forest property sale of SEK 70 million. Prices for paper and wood products increased, wheras costs for wood and other input goods rose.
  • Compared with the fourth quarter of 2017, profit was SEK 232 million higher, mainly as a result of income from the forest property sale and due to that fourth-quarter earnings were affected by a maintenance shutdown.
  • Profit after tax for January–March amounted to SEK 507 million (485), which corresponds to earnings per share of SEK 6.0 (5.8).
  • Return on capital employed was 10.5 (10.2) per cent.
  • Net debt decreased by SEK 368 million to SEK 2 568 million.
  • The 2018 AGM approved a dividend of SEK 13 (12) per share and a 2:1 share split, whereby each share is divided into two shares.

For further information please contact: 
Henrik Sjölund, President and CEO, tel. +46 8 666 21 05 
Anders Jernhall, Executive Vice President and CFO, tel. +46 8 666 21 22 
Stina Sandell, Senior Vice President Sustainability and Communications, tel. +46 73 986 51 12 

This information is information that Holmen AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on Wednesday 25 April 2018 at 13.00.

About Us

Holmen’s business concept is to own and add value to the forest. The forest holdings form the basis of the business – an ecocycle in which the raw material grows and is refined into everything from wood for climate-smart building to renewable packaging, magazines and books. The forest is managed to provide a good annual return and stable value growth while our production operations are run with a focus on profitability and greater value added. In 2017 Holmen’s net sales were just over SEK 16 billion and the group has approx. 3 000 employees. Holmen’s shares are listed on Nasdaq Stockholm, Large Cap. For more information, visit holmen.com.