Holmen Interim Report January-September 2022
| Quarter | Jan-Sep | Full year | ||||
| SEKm | 3-22 | 2-22 | 3-21 | 2022 | 2021 | 2021 |
| Net sales | 5 784 | 6 173 | 4 877 | 17 707 | 14 709 | 19 479 |
| Operating profit excl. item affecting comparability | 1 921 | 2 101 | 1 129 | 5 640 | 2 876 | 4 061 |
| Operating profit | 1 921 | 2 101 | 978 | 5 905 | 2 725 | 3 731 |
| Profit after tax | 1 482 | 1 642 | 763 | 4 606 | 2 136 | 3 004 |
| Earnings per share, SEK | 9.1 | 10.1 | 4.7 | 28.5 | 13.2 | 18.5 |
| Operating margin, %* | 33 | 34 | 23 | 32 | 20 | 21 |
| Book value, forest assets, SEKm | 47 602 | 47 396 | 43 693 | 47 602 | 43 693 | 47 080 |
| Cash flow before investments and change in working capital | 1 662 | 2 196 | 980 | 5 783 | 2 671 | 3 375 |
| Debt/equity ratio, % | 5 | 7 | 10 | 5 | 10 | 9 |
*Excl. the item affecting comparability; see page 15.
- Operating profit for January–September 2022 was SEK 5 905 million (January–September 2021: 2 725). Excluding the item affecting comparability, operating profit increased by SEK 2 764 million to SEK 5 640 due to higher selling prices, while cost inflation was limited by our high level of wood and energy self-sufficiency.
- Compared with the second quarter, operating profit for the third quarter decreased by SEK 180 million to SEK 1 921 million. A weaker wood products market had an adverse impact, but this was largely offset by higher earnings in other business areas.
- Profit after tax for January–September amounted to SEK 4 606 million (2 136), which corresponds to earnings per share of SEK 28.5 (13.2).
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. The in-formation was submitted for publication, through the agency of the contact person set out above, at 07.30 CEST on Thursday, 20 October 2022.
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 3 500 people, we create value for shareholders, customers and society. Our net sales in 2021 amounted to just over SEK 19 billion and our shares are listed on Nasdaq Stockholm, Large Cap. Please visit holmen.com for more information.