Interim report January-June 2013

Quarter January-June Full year
SEKm

2-13

1-13

2-12

2013

2012

2012

Net turnover 4 197 4 158 4 569 8 354 9 347 17 852
Operating profit excl.
items affecting comp.*
307 238 488 545 1 048 1 713
Operating profit 307 98 488 405 1 048 1 520
Profit after tax 232 42 313 274 701 1 853
Earnings per share, SEK 2.8 0.5 3.7 3.3 8.3 22.1
Return on equity, % 4.5 0.8 6.4 2.6 7.2 9.3

* Items affecting comparability are impairment losses and restructuring costs at Holmen Paper, amounting to SEK -140 million in Q1 2013 and SEK -193 million in Q4 2012.

  • Profit after tax for January–June 2013 was SEK 274 million (January–June 2012: 701).
  • Earnings per share totalled SEK 3.3 (8.3).
  • Return on equity was 2.6 per cent (7.2).
  • Operating profit, excluding items affecting comparability, totalled SEK 545 million (1 048). The decline was attributable to lower selling prices for printing paper and a stronger Swedish krona.
  • Compared with the first quarter, operating profit rose by SEK 69 million to SEK 307 million. The establish­ment of a jointly-owned wind power company and start-up of a biofuel boiler in the UK had a positive effect on the result, while a major maintenance shutdown at Iggesund Mill had a negative impact.
  • The market situation for paperboard was stable, while demand for printing paper and 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, Communications Director, tel. +46 70 212 97 12

In its capacity as issuer, Holmen AB is releasing the information in this interim report for January-June 2013 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 12.15 CET on Wednesday August 14, 2013.

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.

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