Interim report January-June 2011

Quarter January-June Full year
SEKm 2-11 1-11 2-10 2011 2010 2010

Net turnover
4 787 4 721 4 227 9 508 8 628 17 581
EBITDA* 808 864 586 1 672 1 214 2 583
Operating profit* 492 558 268 1 050 588 1 332
Profit after tax 302 370 133 672 312 704
Earnings per share, SEK 3.6 4.4 1.6 8.0 3.7 8.4
Return on equity, % 7.3 8.8 3.2 8.1 3.8 4.2

*Excluding SEK 264 million of items affecting comparability for the fourth quarter 2010

  • Profit after tax for January–June 2011 was SEK 672 million (January–June 2010: SEK 312 million).
     
  • Earnings per share amounted to SEK 8.0 (3.7). Return on equity totalled 8.1 per cent (3.8).
     
  • Operating profit amounted to SEK 1 050 million (588). The improvement is explained by higher prices for newsprint and paperboard, while higher costs for wood and recovered paper had an adverse impact on the result.
     
    Operating profit decreased by SEK 66 million to SEK 492 million compared to the first quarter as a consequence of lower operating profit in Holmen Skog and seasonally lower operating profit for Holmen Energi.
     
  • Demand for newsprint in Europe rose somewhat in the first six months, but was slightly lower for paperboard compared to the same period last year. The market for sawn timber remained weak.

 
For further information please contact:
Magnus Hall, President and CEO, tel. +46 8 666 21 05
Anders Jernhall, CFO, tel. +46 8 666 21 22
Ingela Carlsson, Public Relations Director, tel. +46 70 212 97 12

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About Us

Holmen is a forest industry group that manufactures printing paper, paperboard and sawn timber and runs forestry and energy production operations. In 2013 Holmen’s net sales were approx. SEK 16 billion and the group has approx. 3,700 employees. Holmen’s shares are listed on Nasdaq Stockholm, Large Cap. For more information, visit www.holmen.com

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