Holmen Interim Report January–June 2021
| Quarter | Jan-Jun | Full year | ||||
| SEKm | 2-21 | 1-21 | 2-20 | 2021 | 2020 | 2020 |
| Net sales | 5 129 | 4 703 | 3 853 | 9 832 | 8 352 | 16 327 |
| Operating profit | 898 | 849 | 542 | 1 747 | 1 170 | 2 479 |
| Profit after tax | 698 | 675 | 411 | 1 373 | 902 | 1 979 |
| Earnings per share, SEK | 4.3 | 4.2 | 2.5 | 8.5 | 5.6 | 12.2 |
| Operating margin, % | 18 | 18 | 14 | 18 | 14 | 15 |
| Cash flow before investments and change in working capital | 1 019 | 672 | 693 | 1 691 | 1 307 | 2 411 |
| Debt/equity ratio, % | 11 | 9 | 7 | 11 | 7 | 10 |
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Operating profit for January–June was SEK 1 747 million (January–June 2020: 1 170). The increase in profit was due to higher prices for wood products and the growth of the wood products business through the acquisition of Martinsons and the expansion of Braviken Sawmill.
- Despite an extensive maintenance shutdown within paperboard, profit increased in the second quarter
compared with the first quarter by SEK 49 million to SEK 898 million as a result of higher wood product prices. - Profit after tax for January–June amounted to SEK 1 373 million (902), which corresponds to earnings per share of SEK 8.5 (5.6).
For further information please contact:
Henrik Sjölund, President and CEO, tel. +46 8 666 21 05
Anders Jernhall, Executive Vice President and CFO, tel. +46 8 666 1 22
Stina Sandell, Senior Vice President Sustainability and Communications, tel. +46 73 986 51 12
This information such that Holmen AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act (2007:528). The information was submitted for publication, through the agency of the contact person set out above, at 12.15 CEST on Thursday, 19 August 2021.
Holmen’s business is built around the forest ecocycle and the renewable products we can create from it. Our business areas are Forest, Renewable Energy, Wood Products, Paperboard and Paper. With a workforce of 3 300 people, we create value for shareholders, customers and society. Our net sales in 2020 amounted to just over SEK 16 billion and our shares are listed on Nasdaq Stockholm, Large Cap. Please visit holmen.com for more information.