Holmen Interim Report January–March 2019
|Net sales||4 260||3 948||4 099||16 055|
|Operating profit excl. item affecting comparability||643||613||653||2 476|
|Operating profit||643||519||653||2 382|
|Profit after tax||503||543||507||2 268|
|Earnings per share, SEK||3.0||3.2||3.0||13.5|
|Operating margin, %*||15.1||15.5||15.9||15.4|
|Return on capital employed, %*||9.7||9.4||10.5||9.7|
|Return on equity, %||8.5||9.4||9.1||10.1|
|Cash flow before investments and working capital||655||671||586||2 500|
*Excluding an item affecting comparability of SEK -94 million in the fourth quarter of 2018
- Operating profit for January–March was SEK 643 million (January–March 2018: SEK 653 million). Higher paper prices had a positive effect on earnings, but wood costs increased. Earnings for the same period last year included SEK +70 million from sale of a forest property.
- Compared with the fourth quarter of 2018, operating profit excluding item affecting comparability increased by SEK 30 million.
- Profit after tax for January–March amounted to SEK 503 million (507), which corresponds to earnings per share of SEK 3.0 (3.0).
- Return on capital employed was 9.7 per cent (10.5).
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 21 22
Stina Sandell, Senior Vice President Sustainability and Communications, tel. +46 73 986 51 12
This information is information that Holmen AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on Wednesday 8 May 2019 at 11.30.
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 2018 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.