Holmen Interim Report January–March 2021
| Quarter | Full year | |||
| SEKm | 1-21 | 4-20 | 1-20 | 2020 |
| Net sales | 4 703 | 4 249 | 4 499 | 16 327 |
| Operating profit | 849 | 595 | 628 | 2 479 |
| Profit after tax | 675 | 512 | 491 | 1 979 |
| Earnings per share, SEK | 4.2 | 3.2 | 3.0 | 12.2 |
| Operating margin, % | 18 | 14 | 14 | 15 |
| Return on capital employed, % | 6 | 6 | 7 | 6 |
| Return on equity, % | 5 | 5 | 6 | 5 |
| Cash flow before investments and change in working capital | 672 | 369 | 615 | 2 411 |
| Debt/equity ratio, % | 9 | 10 | 9 | 10 |
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Operating profit for January–March was SEK 849 million (January–March 2020: 628). The increase in
earnings can be attributed to higher prices and volumes for wood products, as well as lower production costs in paperboard. -
Compared with the fourth quarter, operating profit increased by SEK 254 million due to rising prices for wood products and seasonally higher earnings from hydro power, as well as the negative impact on the previous quarter of a major maintenance shutdown in paperboard.
- Profit after tax for January–March amounted to SEK 675 million (491), which corresponds to earnings per share of SEK 4.2 (3.0).
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 such 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, at 11.45 CEST on Thursday, 29 April 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.