Interim report January-March 2012

Quarter Full year
SEKm 1-12 4-11
1-11 2011
Net turnover 4 778 4 630 4 721 18 656
EBITDA 789 729 864 3 240
Operating profit* 560 410 558 1 980
Profit after tax* 389 291 370 1 307
Earnings per share, SEK* 4.6 3.5 4.4 15.6
Return on equity, % * 7.9 6.8 8.8 7.8

*Excluding revaluation of forest in Q4 2011: + SEK 3 593 million before tax (SEK 2 648 million after tax).

  • Profit after tax for January–March 2012 was SEK 389 million (January–March 2011: SEK 370 million).
     
  • Earnings per share reached SEK 4.6 (4.4). Return on equity totalled 7.9 per cent (8.8).
     
  • Operating profit reached SEK 560 million (558). Earnings from forest and energy increased while the lower outcome from currency hedges had a negative impact on printing paper and paperboard.
     
    Compared with the fourth quarter, operating profit increased by SEK 150 million following improvements in all business areas.
     
  • Demand for paperboard in Europe improved in the first quarter but remained weak for printing paper and sawn timber.

 

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

 
In its capacity as issuer, Holmen AB is releasing the information in this interim report for January-March 2012 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 13.20 CET on Tuesday May 8 2012.

This is a translation of the Swedish year-end report of Holmen Aktiebolag (publ.). In the event of inconsistency between the English and the Swedish versions, the Swedish version shall prevail.

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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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