Holmen’s Interim Report January-June 2023
| Quarter | Jan-Jun | Full year | ||||
| SEKm | 2-23 | 1-23 | 2-22 | 2023 | 2022 | 2022 |
| Net sales | 5 754 | 6 223 | 6 173 | 11 977 | 11 923 | 23 952 |
| Operating profit excl. item affecting comparability | 1 138 | 1 737 | 2 101 | 2 875 | 3 719 | 7 262 |
| Operating profit | 1 138 | 1 737 | 2 101 | 2 875 | 3 984 | 7 527 |
| Profit after tax | 890 | 1 371 | 1 642 | 2 261 | 3 125 | 5 874 |
| Earnings per share, SEK | 5.5 | 8.5 | 10.1 | 14.0 | 19.3 | 36.3 |
| Operating margin, %* | 20 | 28 | 34 | 24 | 31 | 30 |
| Cash flow before investments and change in working capital | 1 289 | 2 299 | 2 196 | 3 588 | 4 121 | 6 768 |
| Debt/equity ratio, % | 5 | 1 | 7 | 5 | 7 | 4 |
*Excl. item affecting comparability 2022; see page 15.
- Operating profit for January-June 2023 was SEK 2 875 million (January-June 2022: SEK 3 984 million). Excluding items affecting comparability last year, operating profit decreased by SEK 844 million due to lower wood product prices.
- Compared with the first quarter, the second quarter operating profit decreased by SEK 599 million to SEK 1 138 million as a result of a major maintenance shutdown in Workington and that previous quarter benefitted from electricity price hedges.
- Profit after tax for January-June amounted to SEK 2 261 million (3 125), which corresponds to earnings per share of SEK 14.0 (19.3).
- In the second quarter, a total of SEK 2 592 million of ordinary and extra dividends were paid and own shares were bought back for SEK 967 million.
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 Thursday, 17 August 2023.
Holmen’s business is built around the forest ecocycle and the renewable products we can create from it. Our business areas are Forest, Wood Products, Paperboard, Paper and Renewable Energy. With a workforce of 3 500 people, we create value for shareholders, customers and society. Our net sales in 2022 amounted to just under SEK 24 billion and our shares are listed on Nasdaq Stockholm, Large Cap. Please visit holmen.com for more information.