Holmen’s Interim Report January-June 2022
| Quarter | Jan-Jun | Full year | ||||
| SEKm | 2-22 | 1-22 | 2-21 | 2022 | 2021 | 2021 |
| Net sales | 6 173 | 5 750 | 5 129 | 11 923 | 9 832 | 19 479 |
| Operating profit excl. item affecting comparability | 2 101 | 1 617 | 898 | 3 719 | 1 747 | 4 061 |
| Operating profit | 2 101 | 1 883 | 898 | 3 984 | 1 747 | 3 731 |
| Profit after tax | 1 642 | 1 483 | 698 | 3 125 | 1 373 | 3 004 |
| Earnings per share, SEK | 10.1 | 9.2 | 4.3 | 19.3 | 8.5 | 18.5 |
| Operating margin, %* | 34 | 28 | 18 | 31 | 18 | 21 |
| Book value, forest assets, SEKm | 47 396 | 47 199 | 43 464 | 47 396 | 43 464 | 47 080 |
| Cash flow before investments and change in working capital | 2 196 | 1 925 | 1 019 | 4 121 | 1 691 | 3 375 |
| Debt/equity ratio, % | 7 | 7 | 11 | 7 | 11 | 9 |
*Excl. item affecting comparability in Q1-22 (SEK +266 million) and full year 2021 (SEK -330 million); see page 15 for more information.
- Operating profit for January-June 2022 was SEK 3 984 million (January-June 2021: 1 747). Excluding the item affecting comparability of SEK +266 million, operating profit increased by SEK 1 972 million to SEK 3 719 million. This was due to price increases in every product area, while cost inflation was limited by our high level of wood and energy self-sufficiency.
- Compared with the first quarter, operating profit for the second quarter increased by SEK 484 million to SEK 2 101 million, excluding the item affecting comparability, due to further price increases.
- Profit after tax for January-June amounted to SEK 3 125 million (1 373), which corresponds to earnings per share of SEK 19.3 (8.5).
- A total of SEK 1 862 million of ordinary and extraordinary dividends was paid in April. Thanks to strong cash flow, net debt has decreased by roughly SEK 300 million since year-end.
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 07.30 CEST on Friday, 19 August 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.