Year-end report 2012

  Quarter   Full year
SEKm 4-12 3-12 4-11 2012 2011
Net turnover 4 276 4 230 4 630 17 852 18 656
Operating profit excl. items affecting comp.* 271 394 410 1 713 1 980
Operating profit 78 394 4 003 1 520 5 573
Profit after tax 902 249 2 939 1 853 3 955
Earnings per share, SEK 10.7 3.0 35.0 22.1 47.1
Return on equity, % 17.7 5.0 64.0 9.3 23.1

* Items affecting comparability in Q4 2012 refers to an impairment loss and restructuring costs in Holmen Paper
(-193 million) and Q4 2011 revaluation of forest (+3 593 million).

  • Profit after tax for 2012 was SEK 1 853 (2011: 3 955) million. The profit includes an impairment loss and restructuring costs of SEK -193 million and SEK +911 million in non-recurring tax effects. Profit after tax for the previous year includes SEK +2 648 million from the revaluation of forest.
  • Earnings per share amounted to SEK 22.1 (47.1). Return on equity was 9.3 (23.1) per cent.
  • The Board proposes a dividend of SEK 9 (8) per share.
  • Operating profit excluding items affecting comparability totalled SEK 1 713 (1 980) million. The contribution from currency hedges fell, while the change in the value of forests rose.
  • Operating profit for the fourth quarter decreased by SEK 123 million to SEK 271 million, excluding items affecting comparability. Costs showed a seasonal increase and exchange rates had a negative effect on profit.
  • The market situation for paperboard was stable during the quarter, while demand for printing paper and sawn timber was 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 year-end report for 2012 in accordance with Chapter 17 of the Swedish Securities Market Act (2007:528). The information was distributed to the media for publication at 12.30 CET on Thursday February 7, 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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