Holmen’s interim report January–September 2015

Quarter January-September Full year
SEKm 3-15 2-15 3-14 2015 2014 2014
Net sales 4 032 4 139 3 956 12 325 11 983 15 994
Operating profit
excl. items affecting comparability
493 435 522 1 324 1 262 1 734
Operating profit 493 435 522 1 324 1 262 1 284
Profit after tax 377 322 385 997 912 907
Earnings per share, SEK 4.5 3.8 4.6 11.9 10.9 10.8
Return on equity, % 7.2 6.1 7.4 6.3 5.8 4.3
Cash flow before investments 654 574 738 1 751 1 762 2 176
Debt/equity ratio 0.27 0.29 0.29 0.27 0.29 0.28

  • Operating profit for January–September 2015 was SEK 1 324 million (January–September 2014: SEK 1 262 million). The improvement in earnings was due to reduced costs and increased paperboard sales. Prices for printing paper and sawn timber decreased but were partly offset by a weaker Swedish krona.
  • Compared with the second quarter, operating profit increased by SEK 58 million to SEK 493 million. The increase was due to higher paperboard deliveries and seasonally lower personnel costs, while maintenance and rebuilding shutdowns had a negative effect on earnings.
  • Profit after tax for January–September amounted to SEK 997 million (912), which corresponds to earnings per share of SEK 11.9 (10.9). Return on equity was 6.3 per cent (5.8).

For further information please contact:

Henrik Sjölund, President and CEO, tel. +46 8 666 21 05
Anders Jernhall, EVP and CFO, tel. +46 8 666 21 22
Ingela Carlsson, Communications Director, tel. +46 70 212 97 12

This is information that Holmen AB is obliged to disclose under the Swedish Securities Market Act and the Swedish Financial Instruments Trading Act. The information was submitted for publication on 5 November 2015 at 11.30 CET.

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.